Mercy Investment Services is one of six lead investors sponsoring a letter on corporate lobbying activity that has gained support from more than 200 global investors with a combined $6.5 trillion in assets under management. Mercy Investment Services incorporates lobbying into its engagements to hold companies accountable for their financial support of organizations whose lobbying activities contradict a company’s policies and actions.
“Although many companies have publicly stated support for policies to stem global warming, some companies also finance trade associations that are actively lobbying against those same policies,” said Bryan Pini, president and chief investment officer for Mercy Investment Services. “Investors are concerned about this disconnect and want companies to ensure they’re not financially supporting organizations that contradict essential policy changes that are critical to a just transition to a low-carbon future.”
Click here to read the full press release from Ceres.