Standard Bank’s Annual General Meeting last week was a first for South Africa.
Shareholders organised to force the bank to disclose the environmental impact of clients to which the bank provides funding.
They failed, but set the trend; there will be others as “ESG” investing gains momentum around the world.
ESG refers to “environmental, social and governance” - factors that measure the sustainability of companies.
Ingram discussed how you, as a shareholder, can help compel the investment industry to change its ways by pressuring your fund manager to vote to force companies to disclose more.
“Win at all costs” capitalism is not sustainable, but listed companies, banks and fund managers will not take this seriously without pressure from shareholders.
If your fund manager doesn’t take you seriously; there are a vast number of investment available to “ESG” investors.
For more detail, listen to the interview in the audio below.
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