abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthC4067174-3DD9-4B9E-AD64-284FDAAE6338@1xinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapeline, chart, up, arrow, graphlocationmap-pinminusnewsorganisationotheroverviewpluspreviewArtboard 185profilerefreshIconnewssearchsecurityPathStock downStock steadyStock uptagticktooltiptwitteruniversalityweb
Article

26 Mar 2020

Author:
Domini Impact Investments, Interfaith Center for Corporate Responsibility & Office of the New York City Comptroller Scott M. Stringer

Investor statement on coronavirus response

See all tags

We are 251 long-term institutional investors representing over $6.4 trillion USD in assets under management with global exposure across capital markets. We recognize the long-term viability of the companies in which we invest is inextricably tied to the welfare of their stakeholders, including their employees, suppliers, customers and the communities in which they operate. As such, we call on these management teams and boards of directors to join us in facing this unprecedented threat...

[T]here are things we can do to protect our society and the companies we invest in from the worst potential outcomes, and that includes protecting workers... [I]n the face of this global humanitarian crisis we all benefit by coming together...

[W]e urge the business community to take what steps they can and to consider the following steps in particular:

1. Provide paid leave...

2. Prioritize health and safety...

3. Maintain employment...

4. Maintain supplier/customer relationships...

5. Financial prudence...

We hope companies and their boards will consider measures beyond these recommendations, particularly those that are faring well in these difficult times.... [O]ver the last several years we have seen corporations show leadership by using their power as a force for tremendous good. This leadership is critically needed as we face COVID-19 together.

Part of the following stories

Investors call on companies to support workers & markets during COVID-19

COVID-19: Govts. & financiers increasingly urge companies to use (emergency) funds to support stakeholders not shareholders