Focus On Portfolio Companies To Boost Tech Sector Engagement, Investors Told

By:  Responsible Investor

September 6, 2022

 

Non-profit also looks to produce guidance for investor network on engagement in areas such as online gambling, social media, advertising, gamification and the metaverse.

 

Investors looking for ways to influence tech behemoths should focus on their biggest clients, according to Di Riffai, chair of digital think tank Creating Future Us.

 

Big Tech’s preference for dual class share structures and the outsize influence wielded by founders have hampered efforts by investors to engage with the sector on a range of sustainability topics, including workers’ rights, data privacy and misinformation.

 

This year, shareholder proposals on ESG topics at Amazon, Alphabet and Meta attracted strong support from investors but failed to gain a majority due to the firms’ share structures.

 

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