Revolting Investors

in #investing6 years ago

In a sign that influential investors such as pension funds are beginning to recognise the significance of environmental issues such as climate change, shareholders at Rio Tinto's UK AGM yesterday refused to approve their accounts. Investors holding more than $67bn (£47bn) had earlier pushed the company to disclose how much it spends on its membership to coal lobby groups. In its defence, Rio Tinto stated that it has a substantive climate change policy. No doubt Rio Tinto can expect similar action from disgruntled investors at its Australian AGM in May. Environmental, sustainable and social governance are increasingly becoming significant measures by which companies are held to account by investors - especially the more aware young generation investors.

Via: https://invstr.com/

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