Published by Motley Fool. Selena Maranjian June 23, 2010 If asked, I suspect you’d rank among the roughly 84% of Americans who’d withdraw their money from stocks that do business with companies supporting genocide. You’re probably also among the 88% who don’t want their mutual funds investing in such companies. […]
Author Archives: Eric Cohen
Activists Target Advisors With Anti-Genocide Message
Published by Fund Action. — Hillary Jackson Investors Against Genocide has begun targeting financial advisors for the first time with an advertising campaign that highlights the group’s first white paper and a recent survey. “Financial advisors view it as their job to serve their clients and offer them options that […]
Fidelity Loses Religious Group Over Sudan
Published by Ignites. By Peter Ortiz TIAA-Cref’s recent decision to sell nearly $60 million in shares of four companies with ties to genocide in Darfur helped sway a plan sponsor to abandon its 10-year relationship with Fidelity, the recordkeeper of its retirement accounts.The Unitarian Universalist Association (UUA) board voted late […]
Unitarian group drops Fidelity over Sudan
Published by Reuters. * Cites “disappointment” in Fidelity human-rights stance * To use TIAA-CREF as recordkeeper By Ross Kerber BOSTON, May 21 (Reuters) – The Unitarian Universalist Association said it will replace Fidelity Investments as recordkeeper on its retirement plan, citing “disappointment” with the Boston mutual fund company’s record on […]
American Funds Sells PetroChina Holdings
Published by Social Funds. by Robert Kropp The mutual fund family responds to the use of oil revenues to fund genocide in Darfur, following shareowner pressure led by Investors Against Genocide. SocialFunds.com — Advocates of genocide-free investing won another important victory this week, when American Funds, a family of mutual […]
American Funds Sells PetroChina as Rights Group Claims Victory
Published by Bloomberg. By Christopher Condon Feb. 17 (Bloomberg) — American Funds, the largest manager of stock mutual funds, sold most of its holdings in PetroChina Co. after pressure from rights groups over the oil-and-gas company’s investments in Sudan. Three of the firm’s funds sold 167.9 million Hong Kong- listed […]
American Funds Sells PetroChina After Shareholder Meeting
Investors Against Genocide commends company for acting in the face of genocide Boston, MA – February 17, 2010 – Following a well-publicized shareholder vote on genocide-free investing on November 24, American Funds has now become the largest mutual fund company to divest its holdings in PetroChina. A recent posting on […]
TIAA-CREF Statement on Former Holdings in Companies with Ties to Sudan
Published by TIAA-CREF. New York, January 04, 2010 Last March TIAA-CREF announced plans to intensify pressure on five companies that maintain business relations with the government of Sudan to cease those relations or attempt to ease suffering and end genocide in Darfur. At that time, TIAA-CREF said it would seek […]
TIAA-Cref Divests From Four Genocide-Linked Companies
Published by Ignites. By Mariana Lemann TIAA-Cref yesterday announced its divestment from four companies with ties to genocide in Darfur, Sudan. The sale of all of its holdings, worth about $58 million as of the end of September, in four companies that maintain business relations with the government of Sudan […]
US pension group severs ties to Sudan
Published by Financial Times. By Francesco Guerrera in New York Published: January 4 2010 23:43 | Last updated: January 5 2010 19:56 TIAA-Cref has become the first large US asset manager to sell stakes in four Asian oil groups over concerns about human rights abuses in Sudan. The move will […]
