AGM action

How can we make companies change?

Lots of universities hold investments in companies, known as shares. Anyone who invests in a company, has a say over how the company is run. We’re calling on universities to use their power as shareholders to actively engage – and vote - at company AGMs.

This year, campaigners are calling for Barclays and HSBC to stop funding fossil fuels at their AGMs.

 

Since the Paris Agreement, Barclays and HSBC, two of Europe's biggest fossil fuel financiers, have funnelled over US $255 billion into to the coal, oil and gas sectors, according to the Banking on Climate Chaos report.

See the Barclays resolution                                       See the HSBC resolution

Call on your university to support the resolutions and join our email campaign!

 

Join our email campaign

 

We've designed a template email for you to send to your VC to ask them to support the resolutions, voted on at Barclays and HSBC's AGMs in May.

 

Simply copy and paste the text, review the red text to personalise and send!

If you know your university invests in Barclays...

If you know your university invests in HSBC...

If you don't know, or your university invests in both...

Keep the pressure up

 

Once you've sent the letter, encourage

others to do the same by using our template

social media post!

I’ve called on @University @VC to support resolutions at @HSBC and @Barclays AGMs to stop funding fossil fuels – will you?

Use this template letter > http://bit.ly/AGMaction

 

What is an AGM?

An AGM (Annual General Meeting) is a gathering of a company’s shareholders which happens every year. It’s an opportunity for shareholders to raise issues and have their say on the company’s performance and strategy.

 

What is a resolution?

In the simplest terms, a resolution is a proposal submitted – this can be by shareholders or the company board - to be voted on at the AGM, directing the company to take some form of action.

 

What can universities do?

 

Vote!

Universities may be direct shareholders of companies, such as Barclays or HSBC, and therefore have a vote at the AGM, for example, for or against resolutions. This can be directly or via investment managers who invest in companies on behalf of the university.

Ask questions

As shareholders, universities can ask questions at AGMs, which the board have to answer. This brings issues directly to the attention to the board, as well as the rest of their shareholders, whose interests they are legally bound to represent.

Speak out

Finally, universities can use their voice to publicly support and raise awareness of AGMs and specific resolutions, encouraging shareholders to vote.

Further resources

 

Check out these blogs on  blog  about the successes of AGM activists last year and the future of AGMs, from ShareAction's AGM activist work.

Watch and share our video on AGM action.

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Contact

      Get in touch with us by emailing                  melanie.kee@sos-uk.org.

About

Invest for Change is a campaign which aims to radically reform how universities invest their money, creating a more resilient and sustainable economy through investments.

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