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Sustainability Matters

How Can Fund Providers Protect the Future for Worker-Investors?

Stewardship is an opportunity for fund providers to connect with sustainability-minded investors, and many large asset managers are using proxy votes to press for better governance of environmental and social risks.

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Leo Strine, former Chief Justice of the Delaware Supreme Court, describes “worker-investors” as the “99 per cent of Americans [who] owe most of their wealth to their jobs” and who “… do not benefit when some companies offload the costs of their activities, such as pollution and carbon emissions, on to everyone else.”[1]

Healthy capital markets need vigilant investors. Vigilance is exercised through selecting good investments and rejecting bad ones. It’s also exercised through active ownership, the ability of shareholders to influence corporate governance at investee companies.

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Jackie Cook does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.