Investor power for a fairer South Africa
We use research, engagement, advocacy and activism to drive urgent action to combat climate change and reduce inequality.
Our work focuses on three key ESG issues:
20 September 2021
On 14 September 2021, Just Share and Aeon Investment Management co-filed a non-binding, advisory shareholder resolution at Sasol Limited, for tabling at its 19 November AGM.
The resolution asks Sasol to improve and expand its disclosure of its direct and indirect climate lobbying, including disclosing the annual membership fees paid to industry... continued
17 September 2021
On 15 September, FirstRand published an updated Policy on Energy and Fossil Fuels Financing (“the energy policy”) and, for the first time, a Climate Change Policy.
The energy policy represents a significant improvement on the bank’s previous energy-related policies – including confirmation that it will “no longer finance new coal-fired power stations with... continued
13 September 2021
This article was first published in the Financial Mail on 9 September 2021.
As a former public interest environmental lawyer, I have been astonished by recent public attacks on “environmentalists”, attributing to them incredible levels of political power and influence.
In an opinion piece in the Business Day on 23 August, coal executive Vuslat Bayoglu writes that there is “a new... continued
9 September 2021
Just Share has attended the following virtual annual general meetings (AGMs) since 28 June 2021 (and since our AGM Roundup 1):
We asked a total of 18 questions relating to inequality (wage gaps and income inequality),... continued
Climate battle heats up as Sasol rejects resolution from Aeon and Just Share
Citywire
27 September 2021
Sasol commits to net zero ambition by 2050, triples 2030 emission reduction targets
Mail & Guardian
23 September 2021
Sasol triples 2030 decarbonisation target, makes net-zero by 2050 pledge
Mining Weekly
22 September 2021
Sasol Improves 2030 Emissions-Cut Target, Sets Net-Zero Ambition
Bloomberg
22 September 2021
Sasol charts green transition with no investment in new coal reserves
Daily Maverick
22 September 2021
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Responsible investment means making investment decisions with a focus not simply on short-term financial gain, but on long-term value creation. It involves an investment approach that integrates environmental, social and governance (ESG) issues into financial analysis and decision-making: i.e., it is premised on the belief that the concept of “value” in the investment system must extend beyond financial returns, to encompass the impacts of a company’s operations on the environment within which it operates and the people who work for it and who are affected by it.
Shareholder activism refers to the ways in which shareholders in a company can exercise their rights as partial owners of that company to influence management to behave in a particular way. The steps taken can range from engaging with management in private, to the use of shareholder resolutions and litigation to force changes in company behaviour.