Investors have become increasingly concerned about the risks of companies with poor ESG performance. Such companies could become very hard to sell and adversely affect the financial performance of a portfolio. Competitive positioning and public perceptions may be affected along the way. Wouldn't therefore be useful to have a database of companies that have been excluded by Pension Funds, Asset Managers, Insurance companies and Banks? It would provide not only much-needed transparency but could also put additional pressure on those identified companies to change their practices.
A new website launched last month by a coalition of NGOs provides exactly that – a list of companies that are blacklisted by investors. It also includes a classification of reasons for the exclusions.
To date, the tracker lists a total of 4532 companies that have been excluded by 87 Financial Institutions in 16 countries. The most common reason for exclusion is Climate/fossil fuels, followed by controversial weapons, and tobacco.
Kees Kodde – Project Lead Fair Finance International – and a co-author of the “Financial Exclusions Tracker” will show us how to use the tool. Please join us on Wednesday 13th December at 3:30 pm GMT to learn more about the FINANCIAL EXCLUSIONS TRACKER
Moderated by Dana Hanby, Managing Director, ESG Nexus.