Posted by: Lauren Young on March 28, 2006
The immigration protests across the country are grabbing lots of attention. But something you might not have heard about is a protest launched today by social investors.
More than 38,000 investors and consumers called on the nation’s three largest mutual fund companies—Vanguard, Fidelity and Capital Research—to focus their attention on the financial implications of global warming. These three fund families collectively manage more than $1 trillion in assets, according to a press release issued by several social groups.
These fund companies are getting petitions and letters asking them to support global warming shareholder resolutions filed with U.S. companies. For a list of some of the shareholder resolutions filed during the 2005 proxy season, click here.
Do you think investors can vote with their pocketbooks to bring about environmental change?