Many financial institutions invest in a handful of foreign oil companies which help to fund the government of Sudan’s deadly campaign of violence against millions of its citizens. Voya does not have a genocide-free investing policy and owns shares of PetroChina and Sinopec, two of those oil companies.
Voya is the new corporate name for the old ING US mutual funds.
Shareholders at the ING Emerging Countries Fund approved the genocide-free investing proposal by a wide margin in a vote on June 28, 2012. The proposal passed 59.8% to 10.7% with 29.5% abstaining. (That result shows 85% of the yes/no votes in favor.) This decisive win at Voya (which was then ING) was a first for the genocide-free investing proposal and affirms our earlier research showing that the vast majority of Americans want to avoid investments tied to genocide. Read the news here.
A year after the vote, Voya (ING) informed Investors Against Genocide of its decision to take no action to implement genocide-free investing despite the 2012 proxy vote which strongly endorsed having genocide-free investing policy.
On August 7, 2013, a coalition of investors called on Voya (ING) to reconsider its decision to disregard the results of the proxy vote. Read more about the letter here.
Since Voya made no effort to avoid investments tied to genocide, Investors Against Genocide submitted proposals on genocide-free investing for voting at the Voya corporate shareholder meetings beginning with 2015. Read more about proxy voting at Voya here.
Has a genocide-free investing policy
Divested from PetroChina
Voted for GFI shareholder proposal
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Tell Voya, BlackRock, Fidelity, JPMorgan Chase, Franklin Resources and other investment firms to adopt a genocide-free investing policy. Sign the petition …
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Submit Shareholder Proposal
We are seeking to volunteers to submit our genocide-free investing proposal. If you own at least $2000 worth of shares in a mutual fund or company, and have held those shares for at least a year, you qualify to volunteer. To volunteer, contact us at info@InvestorsAgainstGenocide.org.
August 20th, 2013
June 30th, 2012
July 20th, 2012
July 2nd, 2012