Share Action

Financial Sector must take action against fossil fuel companies and end a business model which is incompatible with human survival

Responding to the speech by the United Nations General Secretary Antonio Guterres to the World Economic Forum in Davos, Fergus Moffatt head of UK of UK Policy at ShareAction said:

“The General Secretary of the United Nations, Antonio Guterres, in his speech to the World Economic Forum in Davos today set out in clear and graphic terms what the fossil fuel and financial sector must do to combat climate change.

“One of the key tools investors have is to demand more and quicker action from the financial sector to disinvest from funding fossil fuel exploration and production. With the AGM season fast approaching, ShareAction will be working with responsible investors to end the financial system’s addiction to funding coal, oil and gas which is bringing a climate catastrophe closer every day.”

Notes to Editors

  1. For broadcast interviews or further details call 07711156881
  2. ShareAction released a report on Tuesday 17th January on how the largest asset managers are using their votes to block environment and social resolutions. ShareAction | Are asset managers using their proxy votes for climate…
  3. For more than 15 years, ShareAction, the responsible investment NGO, has been working to shape a world where the financial system serves our planet and its people. Through research, campaigns and advocacy we mobilise global investors to drive up labour standards, tackle climate change, protect the natural world, and improve people’s health. We push policymakers to ensure the financial system is working in the best interests of people and planet. Visit or follow us @ShareAction to find out more.

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