Socially responsible shareholders file resolutions with 6 US finance firms invested in companies linked to Sudan over Darfur
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Human Rights Groups and Investors Push Wall Street to Use Influence in Sudan to End War Against Civilians in Darfur
Author: Amnesty International USA
A coalition of leading human rights organizations and socially responsible investment companies have jointly announced the filing of shareholder resolutions with six major banks and financial firms [Citigroup, Morgan Stanley, Merrill Lynch, T. Rowe Price, Wells Fargo and JP Morgan Chase] with the goal of engaging Wall Street to push Sudan to end the violence in Darfur and accept full deployment of U.N. peacekeepers…In total, the coalition is calling on more than 40 top firms with holdings in these Sudan-linked companies [China National Petroleum Corporation, Petronas, Oil and Natural Gas Corporation, Sinopec Corporation] to use their influence as major investors to pressure the Sudanese government... [also refers to La Mancha Resources]
- Related stories: Socially responsible shareholders file resolutions with 6 US finance firms invested in companies linked to Sudan over Darfur
- Related companies: China National Petroleum Corporation (CNPC) Citigroup Franklin Templeton JPMorgan Chase Merrill Lynch (part of Bank of America) Morgan Stanley ONGC (Oil & Natural Gas Corporation) Petronas Sinopec T. Rowe Price Wells Fargo
Author: Amnesty International USA
Scroll down to find out how particular investment firms are responding to our request that they use their influence to support human rights in Sudan.
[Responses by Aberdeen Asset Management, Axa, Axis Bank of India, Citigroup, Credit Suisse, Deutsche Bank, ING, KBC, Merrill Lynch, Morgan Stanley, T. Rowe Price, UBS, Vanguard, Wells Fargo.
Links to list of investment firms that have not responded: Berkshire Hathaway, Blackstone Group, Brown Capital Management, Capital Group, Eaton Vance, Fidelity Investments, FirstCity Financial, Franklin Templeton, Lazard, Principal Financial Group, Renaissance Technologies, Schafer Cullen, Thornburg Investment Management, ABN Amro, AGF Management, Allianz, AMMB Holdings, ASM Asset Management [part of Amanah Saham Mara Berhad], ECM Libra Avenue, Edmond de Rothschild Group (LCF Rothschild), Haitong Securities, Housing Development Finance Corp (HFDC), Invesco, Pacificmas, Pictet, Prudential PLC, Sumitomo Mitsui Financial (part of Sumitomo Group)]
- Related stories: Amnesty USA & investor coalition calls on banks that own stock in oil companies in Sudan to press for change change in Darfur Socially responsible shareholders file resolutions with 6 US finance firms invested in companies linked to Sudan over Darfur
- Related companies: Aberdeen Asset Management ABN Amro Allianz AXA Berkshire Hathaway Blackstone Brown Capital Management China National Petroleum Corporation (CNPC) Citigroup Credit Suisse Deutsche Bank Eaton Vance ECM Libra Financial Fidelity Investments FirstCity Financial Franklin Templeton Haitong Securities HDFC ING Invesco KBC LCF Rothschild Merrill Lynch (part of Bank of America) Morgan Stanley ONGC (Oil & Natural Gas Corporation) Pacificmas Petronas Pictet Principal Financial Prudential plc Renaissance Technologies Schafer Cullen Sinopec Sumitomo Group Sumitomo Mitsui Banking (part of Sumitomo Group) T. Rowe Price UBS Vanguard Wells Fargo