A Demand for Racial and Gender Pay Equity
Ask publicly traded companies to release annual reports on median racial and gender pay gaps
BlackRock: Support Climate-Critical Resolutions
BlackRock must change is proxy voting policies to support CEO Larry Fink's public comments on climate change.
Change Finance was built with one overarching goal: to change finance. To do that we have to think about finance differently, not just as an engine to make money, but as a key driver of behavior change. The following practices allow Change Finance, PBC to effect the changes necessary for a sustainable and prosperous future:
Proxy voting is the most direct method for shareholders to influence corporate practices. Supporting shareholder resolutions that are in the best interest of people, the planet, and ethical profits is the foundation of shareholder advocacy at Change Finance. We diligently vote our proxies following ESG principles and with the guidance of Glass Lewis.
Shareholders of publicly traded companies own a portion of the business, and therefore, can influence the decisions of corporate management. Change Finance works to identify areas where companies can improve ESG performance. We then collaborate with other investors and seek to communicate with management to create company policies that enhance the business and better reflect the values of our clients.
Corporate management is more likely to respond to engagement efforts when shareholders stand together to voice desired policy changes. At Change Finance, we utilize YourStake to file online petitions and gather broad support for our recommendations to corporations.
A strong public policy framework is critical for incentivizing responsible and sustainable corporate behavior. We believe that we maximize our ability to influence public policy when we join forces with other businesses with positive environmental and social missions. As a proud member of Good Business Colorado, we collaborate with such companies to advance sustainable policies in our home state of Colorado.
Change Finance divests from those industries that are fundamentally unsustainable and where engagement efforts are unlikely to be successful. Examples include the fossil fuel industry, tobacco companies, and weapons manufacturers. Divestment meets the moral and ethical demands of our clients while simultaneously insulating them from the risks associated with irresponsible corporate practices.