hide message

Welcome to the Resource Centre

We make it our mission to work with advocates in civil society, business and government to address inequalities of power, seek remedy for abuse, and ensure protection of people and planet.

Both companies and impacted communities thank us for the resources and support we provide.

This is only possible because of your support. Please make a donation today.

Thank you,
Phil Bloomer, Executive Director

Donate now hide message

UK: Church investment fund says it will refuse to reelect directors at firms over gender & climate change concerns

Author: Angela Monaghan, The Guardian (UK), Published on: 7 February 2018

The Church Investors Group has warned some of Britain’s biggest companies it intends to take a hard line on executive pay, gender diversity and climate change over the forthcoming annual meeting season. The group, which represents church organisations with combined investment assets of about £17bn, has told companies listed on the FTSE 350 index it will refuse to re-elect directors at firms failing to make sufficient progress in key areas...

The group’s members have invested in companies including Tesco, Royal Dutch Shell, AstraZenca and HSBC...

[T]he CIG said its members would vote against executive pay packages where pay ratios are not disclosed [...] or where financial services or pharmaceutical companies do not pay the living wage...

Stephen Beer, chief investment officer... [said the] "new policy will enable us to send a clear signal to companies... We encourage the wider investment community to hold directors accountable and ensure more responsible stewardship on this critical subject.”

Read the full post here

Related companies: AstraZeneca HSBC Shell Tesco