The Ethos Foundation has joined the Shareholders for Change engagement network, which provides a collective engagement platform that allows smaller institutional investors dedicated to socially responsible investment to increase the impact of their engagement activities with European companies.
Ethos publishes an Engagement Paper that summarizes its five expectations regarding corporate tax responsibility of listed companies. Following recent cases of aggressive tax optimization practices of certain companies, institutional investors consider these practices to be major financial and reputational risks for companies and their shareholders
Ethos and the members of the Ethos Engagement Pool International (EEP International) are launching a multi-year engagement program urging eight European electric utilities to develop ambitious climate strategies to facilitate the transition to a low-carbon economy. Several institutional investors across the globe have decided to support these efforts, in total the investor group represents approximately EUR 100 billion.
Annual General Meeting of Nestlé: Statement by Ethos in the context of the initiative Climate Action 100+
Ethos will make a statement at today’s annual general meeting of Nestlé in the context of the initiative “Climate Action 100+” urging the board to take additional measures in terms of the risks related to climate change. Ethos is also asking for the board to take the necessary steps to reduce current tensions with certain stakeholders of the company.
Ethos Foundation and the members of the Ethos Engagement Pool International are founding signatories of the Climate Action 100+ initiative, a five-year, investor-led initiative supported by 225 investors across the globe. Climate Action 100+ will engage the world’s 100 largest corporate greenhouse gas emitters to curb emissions across their value chains, strengthen climate-related financial disclosures, and improve the governance of climate-related risks that may affect companies.
Human Rights: Ethos and other global investors successfully push global apparel brands to improve working conditions in Bangladesh
Four years ago, in the aftermath of the Rana Plaza tragedy, the ‘Accord’ on Fire and Building Safety in Bangladesh (the ‘Accord’) created a five-year, legally binding framework for factory inspections aiming to identify and remediate unsafe working conditions in Bangladesh’s textile industry. By publishing an Investor Statement on the 4th Anniversary of the Rana Plaza tragedy this spring, a coalition of global institutional investors, amongst whom Ethos and the members of the Ethos Engagement Pool International, pushed heavily for a prolongation of the ‘Accord’ until all remediation measures are completed.
The Ethos Engagement Pool (EEP), launched in 2004 by Ethos and two pension funds, today consists of 130 institutional investors with AUM of 21 billion CHF in Swiss equities. United around Ethos, these institutional investors are convinced that engaging with companies is an efficient means for sensitizing them to best practice in corporate governance and environmental and social responsibility.