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TO: American Century, American Funds, Ameriprise, Dreyfus, Fidelity, ING, Morgan Stanley, Oppenheimer, Pioneer and Vanguard
As a concerned investor, I urge your company to take climate change seriously. The evidence is in, climate change is happening faster than we imagined and is an enormous threat to our planet, including our economy. All businesses will be affected by climate change and as investors, we have a right and responsibility to encourage companies to be proactive in mitigating and addressing this threat.
I'm concerned that your company is not supporting any climate change resolutions. This is a basic step that a growing number of investors, large and small, are taking to promote corporate responsibility and action on this important issue. In fact, institutional investors with trillions of dollars in assets are filing climate change resolutions, dialoguing with company management, and voting their proxies in favor of resolutions. Their work is having an impact, with a growing number of multinational companies taking action on climate change in response, and demonstrates how far behind the curve your institution is.
As an investor, I expect any fund family I invest in to be active on climate change. I encourage your funds to reconsider your blanket rejection of all climate change resolutions and start supporting these resolutions instead. Your funds should also engage in dialogues with corporate management on climate change, evaluate your investment choices based on corporate responses to the risks of climate change, and take steps to make your own operations climate neutral.
Sincerely,
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