Stop investing in companies tied to genocide
Franklin Resources should adopt a genocide-free investing policy to ensure that investments it makes are not tied to genocide.
Few of us want our personal savings connected to genocide. Even so, Franklin Resources, and other investment firms, invest their customers’ money in companies that help fund the ongoing genocide in Sudan. PetroChina and Sinopec, for example, not only support the government of Sudan, but also Syria, Burma and Iran.
Strangely, Franklin Resources opposes genocide-free investing, even though it is well aligned with their stated corporate values. As a signatory to the UN Principles for Responsible Investment, they agreed to incorporate social issues such as human rights into investment decision-making processes and “better align investors with broader objectives of society.” Their press release emphasized, “Franklin Templeton's various investment teams and strategies are very much aligned with the PRI Principles.” States on its website: “We believe that being a good corporate citizen is good business;" quotes the Franklin motto, “Do well by doing good;” emphasizes “integrity, trust and responsibility are essential to our continued success as a premier global investment management organization.”
Shareholders, customers (investors), and potential customers of Franklin Resources (and its Franklin Templeton funds) can send a strong message to draw the line at genocide. You don’t have to be an investor, since investment firms want your business now or in the future.
In addition, Franklin Resources shareholders can vote on Proposal 4, genocide-free investing, on the corporation's proxy ballot for the annual meeting on February 12, 2019!