Magic Markets Ep32: The ESG Enforcer
The concepts of “ESG” and “sustainable investing” are now front-of-mind for institutional investors, but what does this mean in practice? Just Share is a non-profit shareholder activism organisation. The focus is on inequality, climate change, diversity and transformation. Importantly, the approach taken by Just Share is practical and makes absolute economic sense. These are hard-hitting issues that don’t just impact the …
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Magic Markets Ep32: The ESG Enforcer
The concepts of “ESG” and “sustainable investing” are now front-of-mind for institutional investors, but what does this mean in practice? Just Share is a non-profit shareholder activism organisation. The focus is on inequality, climate change, diversity and transformation. Importantly, the approach taken by Just Share is practical and makes absolute economic sense. These are hard-hitting issues that don’t just impact the …
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Playing chicken with shareholders
Shareholder activists are interesting people. They use small stakes in companies to try and leverage meaningful changes, through the provisions of the Companies Act and sometimes the JSE Listings Requirements. Common focus areas include: ESG metrics (like the environmental pressure put on Sasol recently) Questions over management performance (like Rainbow Chicken) Disposals of assets at low prices (like Zeder’s disposal …
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