Actions for Financial Firms
Since the government-sponsored genocide in Sudan continues, we advocate for investment firms to avoid or divest holdings of the four foreign oil companies that are the largest business partners with the government of Sudan. These four companies are PetroChina/CNPC, China Petroleum & Chemical Corporation/Sinopec, ONGC and Petronas.
Announce a GFI Policy
Develop and implement a public genocide-free investing policy that will guide investment decisions and enable your firm to avoid investments with ties to genocide, now and in the future.
The policy should be in line with the genocide-free investing shareholder proposal which states, “Shareholders request that the Board institute transparent procedures to avoid holding investments in companies that, in management’s judgment, substantially contribute to genocide or crimes against humanity, the most egregious violations of human rights.”
Vote Your Proxy
We expect that our genocide-free investing proposal will be on multiple proxy ballots in 2014, including JPMorgan Chase and Franklin Resources. While the deck is stacked against the will of average investors in the proxy voting process, all votes help add to the growing pressure on financial institutions. Read more about the pending proposals …