Are you curious about who’s backing ShareAction’s mission for a sustainable and responsible investment future? Look no further. ShareAction’s funding comes from a variety of sources, including charitable foundations, individual donors, and corporates who share the same vision for a fairer and more just society.
Some funders worth mentioning are The Joseph Rowntree Charitable Trust, Friends Provident Foundation, and the Network for Social Change. These organizations align with ShareAction’s values and provide funds to support their ongoing campaigns and research into issues such as climate change, worker rights, and corporate governance. In addition, ShareAction has received funds from leading multinational corporations as they recognize the importance of a sustainable and responsible investment future.
ShareAction has made waves in recent years, attracting widespread attention and support from all corners. Their unwavering commitment to a sustainable investment future is evident in their diligent work. Now that you know who funds ShareAction, stay tuned to find out more about their accomplishments and future plans.
ShareAction Overview
ShareAction is a London-based non-profit organization. It was founded in 2005 to promote responsible investing by engaging with major corporations and institutional investors. ShareAction aims to encourage a more sustainable and equitable society by working towards a fairer economy and tackling issues such as climate change and social inequality.
Who Funds ShareAction
- Individual Donors: ShareAction receives funding from individual donors who believe in the mission of the organization. These donors may include high net worth individuals, philanthropists, and socially responsible investors.
- Trusts and Foundations: ShareAction also receives funding from trusts and foundations that support causes related to social and environmental justice. Some of the trusts and foundations that fund ShareAction include the Joseph Rowntree Charitable Trust and the Esmée Fairbairn Foundation.
- Corporate Supporters: ShareAction has partnerships with corporations that support its work. These corporations provide funding and resources to help ShareAction achieve its goals. Some of ShareAction’s corporate supporters include Aviva, Barclays, and Legal & General.
Impact of ShareAction’s Work
Through its campaigns and engagement with investors and corporations, ShareAction has been successful in pushing for change in the financial industry. Some of the key achievements of ShareAction’s work include:
- Securing commitments from major companies to reduce their carbon emissions and transition to renewable energy sources.
- Pressuring financial institutions to divest from fossil fuels and other environmentally damaging industries.
- Pushing for greater transparency and accountability in the investment industry by promoting responsible investment practices and encouraging investors to use their power to bring about positive change.
ShareAction’s Governance and Financial Management
ShareAction is governed by an independent board of trustees and overseen by the Charity Commission. The organization’s financial management is transparent and accountable, with annual reports and financial statements published on its website. ShareAction is also a member of the UK Sustainable Investment and Finance Association and adheres to the organization’s responsible investment guidelines.
| Funding Source | Percentage of Income |
|---|---|
| Individual Donors | 30% |
| Trusts and Foundations | 40% |
| Corporate Supporters | 30% |
ShareAction has a diverse funding base, with no single source accounting for more than 40% of its income. This helps ensure the organization’s independence and ability to pursue its mission without undue influence from any one source of funding.
Shareholder Activism
Shareholder activism is the process of exercising influence on a company by its shareholders, either as individual shareholders or through institutional investors. The purpose of shareholder activism is to bring about changes in corporate behavior or strategy that align with the interests of the shareholders.
Shareholders can use a variety of tactics to engage with companies and influence change. These include filing shareholder resolutions, engaging in dialogue with management and board members, and voting on important issues at annual meetings.
Who Funds ShareAction?
- Charitable Trusts: ShareAction is funded by a number of charitable trusts, including the Joseph Rowntree Charitable Trust, the Barrow Cadbury Trust, and the Friends Provident Foundation. These trusts support the work of ShareAction in promoting responsible investment, shareholder activism, and corporate accountability.
- Individual Donors: ShareAction also receives funding from individual donors who support the organization’s mission. These donors are typically individuals who are passionate about responsible investment and want to support the work of ShareAction in promoting this approach to investing.
- Corporate Partners: ShareAction works with a number of corporate partners who provide funding and support for the organization’s work. These partners include companies that are committed to responsible investment and corporate accountability, and who want to work with ShareAction to promote these values within the industry.
The Impact of Shareholder Activism
Shareholder activism has been shown to have a positive impact on corporate behavior and performance. Studies have found that companies that are targeted by shareholder activists tend to improve their financial performance and governance practices in response.
One study found that companies that received shareholder proposals on environmental and social issues experienced a decrease in carbon emissions, an increase in board diversity, and an increase in corporate philanthropy in the years following the proposal.
The Role of ShareAction in Shareholder Activism
ShareAction plays a key role in promoting shareholder activism and responsible investment. The organization provides information and resources to individual investors and institutional investors, enabling them to better engage with companies and promote change. ShareAction also works to raise awareness about responsible investment and the impact of shareholder activism through education and advocacy.
| ShareAction’s Achievements in Shareholder Activism |
|---|
| – Convinced 160 global companies to publicly commit to net-zero emissions by 2050. |
| – Encouraged 20 major global asset managers to support ShareAction’s climate resolutions. |
| – Pressured 35 major global banks to introduce policies on coal mining and financing. |
Through its work, ShareAction is helping to build a more sustainable and responsible investment industry that benefits investors, companies, and the planet.
Funding ShareAction
ShareAction is a nonprofit organization that aims to encourage more responsible and sustainable investment practices. To achieve its mission, ShareAction receives funding from a range of sources, including:
- Foundations: ShareAction receives funding from various foundations, including the Calouste Gulbenkian Foundation, the Joseph Rowntree Charitable Trust and the Esmée Fairbairn Foundation, to support its advocacy work on responsible investment.
- Campaigns and projects: ShareAction receives funding from various campaigns and projects, such as the Fossil Fuel Divestment Movement, to support its campaigns for more sustainable investment practices.
- Individual donors: ShareAction also receives donations from individuals who support its mission of promoting responsible investment.
In addition to these sources of funding, ShareAction also receives funding from its corporate partners.
Corporate Partnerships
ShareAction collaborates with various corporations to promote more responsible investment practices. These corporations include:
- Financial institutions: ShareAction collaborates with financial institutions, such as banks and asset managers, to encourage more sustainable investment practices. Its corporate partners in this sector include Amundi, Aviva Investors, and Investec Asset Management.
- Companies: ShareAction also collaborates with companies to encourage them to adopt more responsible business practices and disclosure of environmental, social and governance (ESG) risks. Its corporate partners in this sector include Coca-Cola HBC, Standard Life Aberdeen and Vodafone.
Transparency of Funding
ShareAction is committed to the transparency of its funding sources and publishes an annual report that details its sources of funding and how the funds were used. ShareAction also discloses its funding sources on its website and in its promotional materials.
| Year | Total income (£) | Donations from individuals (£) | Funding from Foundations (£) | Corporate Partnerships (£) |
|---|---|---|---|---|
| 2018 | 1,018,854 | 50,331 | 718,925 | 34,054 |
| 2019 | 1,809,125 | 85,876 | 879,467 | 333,160 |
| 2020 | 2,065,380 | 128,997 | 994,065 | 271,832 |
ShareAction aims to promote responsible investment practices and is committed to the transparency of its funding sources. By collaborating with various foundations and corporate partners, ShareAction is able to continue its advocacy work on promoting sustainable investment practices.
ShareAction’s Partnerships
ShareAction has formed strategic partnerships with various organizations that share their mission of promoting responsible investment. These partnerships help bring about positive change in the investment industry and create more sustainable and ethical practices.
- The Principles for Responsible Investment (PRI): ShareAction is a signatory of the PRI, a United Nations-supported organization that works to promote responsible investment practices. ShareAction collaborates with PRI to engage with investors and encourage them to integrate environmental, social, and governance (ESG) factors into their investment decisions.
- Greenpeace: ShareAction partnered with Greenpeace in 2019 to launch a campaign targeting eight major asset managers to divest from coal, oil, and gas companies. The campaign resulted in BlackRock, the world’s largest asset manager, announcing they would divest from thermal coal.
- UK Sustainable Investment and Finance Association (UKSIF): ShareAction is a member of UKSIF, a membership association for sustainable and responsible investment in the UK. ShareAction works closely with UKSIF to engage with policymakers and industry leaders to promote sustainable investment practices.
Funding Sources for ShareAction
ShareAction is a non-profit organization that is funded through a mix of philanthropy, grants, and consultancy fees.
Some of ShareAction’s current funders include:
| Funder | Amount |
|---|---|
| Barclays | £10,000 – £49,999 |
| Mercer | £50,000 – £99,999 |
| Skoll Foundation | £50,000 – £99,999 |
| The Schroder Foundation | £10,000 – £49,999 |
ShareAction also receives funding from various other sources, including private donors, foundations, and corporate partnerships. Their funding allows them to carry out innovative and impactful campaigns to promote responsible investment and create positive change in the investment industry.
ShareAction’s Impact and Achievements
ShareAction is a charity that promotes responsible investment. It was founded in 2005 and operates in the UK and the European Union. The organization is supported by a range of funders, including foundations, charities, and individual donors. But just who funds ShareAction? Let’s take a closer look.
ShareAction’s Funders
- Foundations: ShareAction is supported by a range of foundations, including the Joseph Rowntree Charitable Trust, the Esmée Fairbairn Foundation, and the Aileen Getty Foundation.
- Charities: The organization is also supported by charities such as the Friends Provident Foundation and the Polden-Puckham Charitable Foundation.
- Individual Donors: ShareAction receives support from individual donors who are passionate about responsible investing and the work that the organization is doing in this space.
The support of these funders has enabled ShareAction to make a significant impact in the world of responsible investment. Let’s take a closer look at some of the organization’s achievements.
ShareAction’s Achievements
Since its founding, ShareAction has achieved a number of notable successes. These include:
- Convincing major companies such as Shell and BP to align their investments with the goals of the Paris Agreement on climate change.
- Pressuring supermarkets to improve the working conditions of their suppliers.
- Campaigning against the use of tax havens by large corporations.
ShareAction has also worked to empower individual investors, providing them with the tools and knowledge they need to make informed decisions about their investments. The organization’s online platform, YourEthicalMoney.org, enables users to check whether their investments are aligned with their values.
ShareAction’s Impact
The work of ShareAction has had a significant impact on the world of responsible investment. As a result of its campaigning, major companies are starting to take sustainability seriously and to align their investments with the goals of the Paris Agreement.
| ShareAction’s Impact | Details |
|---|---|
| Increased Transparency | ShareAction has pushed for greater transparency in the investment industry, ensuring that companies are held accountable for their actions. |
| Policy Change | The organization has successfully campaigned for policy change, resulting in better regulation of the banking and investment industries. |
| Empowering Investors | ShareAction has empowered individual investors, giving them the information they need to make informed decisions about their investments. |
Overall, ShareAction has made a significant impact on the world of responsible investment. By bringing together investors, companies, and policymakers, the organization has helped to create a more sustainable and equitable world.
Donors and Grants Supporting ShareAction
ShareAction, a London-based charity, calls for greater responsibility and transparency in the financial sector, aiming to empower ordinary savers and investors. The charity targets the fund managers and corporations with campaigns and research, driving for change to promote sustainable investment. With its operations in the UK and Europe, ShareAction gets its funding from a variety of sources to make sure its campaigns are backed with ample resources. As a result, the charity has gained a reputation as a prominent advocacy group for sustainable investment.
Donors Supporting ShareAction
- Barrow Cadbury Trust
- The Joseph Rowntree Charitable Trust
- Friends Provident Foundation
ShareAction receives donations from a range of charitable foundations that share its philanthropic goal of sustainable investment. The Barrow Cadbury Trust is one such foundation which supports ShareAction’s campaigns to fight climate change. The Joseph Rowntree Charitable Trust’s focus on peace, social justice, and environmental justice provides a natural synergy with ShareAction’s mission. The Friends Provident Foundation’s objective to create a fair and sustainable economy aligns with the non-profit’s efforts to promote sustainable finance.
Grants Supporting ShareAction
ShareAction has bagged various grants that help ensure a steady stream of funds for its operations. Among the grant providers for ShareAction are Polden-Puckham Charitable Foundation and Esmée Fairbairn Foundation. Polden-Puckham Charitable Foundation’s strategy sits well with ShareAction’s focus on the environment and social justice, making it a reliable contributor. The Esmée Fairbairn Foundation, on the other hand, aims to better the quality of life of people in the UK by providing grants to organizations working for natural world, social change, and the arts and children’s sectors. ShareAction’s objective of making finance more sustainable places it favorably for grants from the foundation.
Corporate Relationships Supporting ShareAction
ShareAction also receives funds from corporations that are peers to its sustainable investment campaigns. Swiss investment bank UBS and the global asset management firm Legal & General Investment Management (LGIM) are two examples of corporate donors that support ShareAction. UBS invested in ShareAction in 2021, with the donation aimed at creating better retirement plans for women. LGIM, through its Future World Fund, in 2019 gave £3m to ShareAction to boost its mission to persuade firms to make changes that align with the Paris climate agreement.
| Donor Name | Donation Details | Year of Donation |
|---|---|---|
| Barrow Cadbury Trust | Donation to support campaigns to fight climate change | 2021 |
| The Joseph Rowntree Charitable Trust | Support for ShareAction’s mission of social justice and environmental justice | 2020 |
| Friends Provident Foundation | Donation to promote sustainable finance | 2020 |
| Polden-Puckham Charitable Foundation | Funding for environment and social justice | 2019 |
| Esmée Fairbairn Foundation | Grant for natural world, social change, arts, and children’s sector | 2018 |
| UBS | Donation for creating better retirement plans for women | 2021 |
| Legal & General Investment Management | Donation to persuade firms for changes aligning with Paris climate agreement | 2019 |
ShareAction’s donors and grants are the backbone of its activism efforts in addressing climate change and promoting sustainable finance. The charity’s corporate relationships help it shape industry views and policies that lead to a sustainable financial future.
Future Plans and Goals of ShareAction
As a non-profit organization, ShareAction relies on funding from a variety of sources to continue its efforts in promoting responsible investment. While ShareAction receives funding from individual donors, member organizations, and grants from charitable foundations, the majority of its funding comes from partnerships with corporate sponsors. These partnerships allow ShareAction to work directly with businesses to promote socially and environmentally responsible investment practices.
- Continue to expand partnerships with corporate sponsors to promote responsible investment
- Develop educational materials and programs to promote awareness of responsible investment among individuals and institutional investors
- Work with governments and other regulatory bodies to promote transparency and accountability in the finance industry
One of ShareAction’s primary goals is to promote responsible investment practices among institutional investors, such as pension funds and investment managers. These organizations have a significant impact on the global financial system, and their decisions can have both positive and negative effects on society and the environment. By working with these investors to promote socially responsible investment practices, ShareAction hopes to encourage greater transparency and accountability in the finance industry.
As part of its efforts to promote responsible investment, ShareAction produces an annual survey of the world’s largest pension funds, which assesses their performance on a number of social and environmental factors. The survey includes a wide range of measures, including climate change risks, labor practices, and executive pay, and provides investors and the general public with valuable information on the social and environmental impact of these funds.
| Year | Number of Pension Funds Surveyed | Total Assets Covered |
|---|---|---|
| 2017 | 80 | $14.8 trillion |
| 2018 | 100 | $15.2 trillion |
| 2019 | 150 | $20.2 trillion |
Looking to the future, ShareAction plans to expand its efforts to promote responsible investment by working with a broader range of stakeholders, including individual investors, civil society organizations, and regulatory bodies. The organization aims to play a leading role in promoting greater transparency and accountability in the finance industry, and in helping to create a more sustainable and equitable financial system.
Who Funds ShareAction: FAQs
1. Who are the primary sources of funding for ShareAction?
2. Is ShareAction funded by government agencies or political groups?
3. Does ShareAction accept donations from corporations in the financial industry?
4. Are there any conflicts of interest in ShareAction’s funding sources?
5. How transparent is ShareAction about its funding and where the money goes?
6. Can private individuals donate or support ShareAction’s mission?
ShareAction is primarily funded by philanthropic foundations and individual donors who are committed to promoting responsible investment practices and advocacy for climate action and social equality. The organization does not receive funding from government or political entities, nor does it accept contributions from corporations in the finance industry. ShareAction maintains a strict policy on transparency and conflict of interest, disclosing all donors on its website and in annual reports. Private individuals are also welcome to make donations or volunteer their time to support ShareAction’s work. Thank you for reading and please visit our website for more information about how you can get involved in creating a more sustainable and equitable future.