Empowering shareholders to hold corporations accountable to high standards of corporate governance, social responsibility, and long-term value creation.
Joined April 2018
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As the climate crisis grows, major asset managers are increasingly polarized. While some asset managers are taking bold action, the largest asset managers are failing to mitigate climate risk—jeopardizing their clients’ portfolios. majorityaction.us/climate-in…
"Following the hottest year on record in 2023 ... the world's largest asset managers reneging on their commitments to CA100+ is clear backsliding on climate risk, exactly when investors need to raise their ambition" - Eli Kasargod-Staub, Majority Action
spglobal.com/marketintellige…
"Eli Kasargod-Staub, the executive director of Majority Action, a nonprofit in Washington focused on responsible investing .... called BlackRock’s move 'heinous risk mismanagement' that shows it views climate action as 'optional window-dressing.'"
This week JPMorgan Asset Management and State Street Global Advisors announced they're leaving the world’s largest investor group formed to fight climate change. Could this be a sign that money managers are growing fearful of anti-ESG backlash? trib.al/Mly7n5M
Racial inequity, attacks on workers rights and inaction on climate change are a fundamental aspect of institutional investors' fiduciary duty. Check out our blog post on@TakeOnWallSt!
✍️Check out a new guest blog from @majorityact's executive director and co-founder, Eli Kasargod-Staub: takeonwallst.com/2023/07/res…
This is a great op-ed that places more responsibility on shareholders for enforcing sustainable climate goals. The conclusion says it all: "Big Oil needs to change, or Paris will fail. That’s a decision for shareholders."
ft.com/content/0b8f2913-99e1…
Majority Action retweeted
Chevron's ($CVX) "racial equity audit" fails to satisfy shareholders' request both in terms of content and process. Not only were the co's impacts on communities of color not assessed, relevant stakeholder voices were not consulted in its development. bit.ly/3MfVOuB
TOMORROW: Join us and @ICCRonline for “Becoming an Active Client: New Tools for Asset Owners on Managers’ Proxy Voting and Analyzing State Street’s Major Step Backwards on Climate," @ 11 a.m. EST. us02web.zoom.us/webinar/regi…
Majority Action retweeted
ICCR has built a set of easy-to-use letters that institutional investors can send to their relationship managers and top management at major asset management firms. If you're ready to take a more active role in engaging your asset manager, register and join us 👇
Join us and @ICCRonline for “Becoming an Active Client: New Tools for Asset Owners on Managers’ Proxy Voting and Analyzing State Street’s Major Step Backwards on Climate," on Tuesday, May 9 @ 11 a.m. EST. us02web.zoom.us/webinar/regi…
Join us and @ICCRonline for “Becoming an Active Client: New Tools for Asset Owners on Managers’ Proxy Voting and Analyzing State Street’s Major Step Backwards on Climate," on Tuesday, May 9 @ 11 a.m. EST. us02web.zoom.us/webinar/regi…
THIS WEEK: Join Majority Action + others for a webinar on corporate accountability at @jpmorgan. It's time to phase out financing for fossil fuel expansion. #ClimateJustice #PeopleVsFossilFuels Learn more on Wednesday, May 3, 9am PT/12pm ET. Register: secure.ucsusa.org/a/2023-5-3…
Join Majority Action other advocates for a webinar on corporate accountability at @jpmorgan. It's time to phase out financing for fossil fuel expansion. #ClimateJustice #PeopleVsFossilFuels Learn more on Wednesday, May 3, 9am PT/12pm ET. Register: secure.ucsusa.org/a/2023-5-3…
Majority Action retweeted
I'm watching today as shareholders vote on resolutions demanding that @Citi, @WellsFargo, and @BankofAmerica set stronger climate targets and stop financing fossil fuels.
Not meeting these commitments puts our planet and financial system at huge risk.
washingtonpost.com/politics/…
Is DTE Energy's political spending in opposition to its own policies? Please join a webinar hosted by the Defend Black Voters Coalition on Tuesday, April 25 from 2-3 PM ET. Sign up here: communitychange.zoom.us/webi…
Majority Action retweeted
Financial institutions should consider all risks to investments, including the systemic risk of climate change.
@Vanguard_Group's response to climate risk can't go unchecked.
I urge their clients to raise concerns, like NYC is doing w/our fund managers.
marketwatch.com/story/retire…
Asset managers are rubber-stamping boards at companies driving climate change—threatening investors’ portfolios. Asset owners: Demand your asset managers change course! majorityaction.us/climate-in…
Proxy voting in alignment with 1.5°C pathways is the only responsible approach to asset management in the era of the climate crisis. Your asset managers owe it to you to protect your portfolio and our planet.
majorityaction.us/climate-in…