I’m sure, if you’re reading this, you may well be in my ‘activist bubble’. So, like me, you’ve been sent links to sign petitions, you may have been on a few marches. Or have you written the odd rabble-rousing instagram post, or stories, or perhaps written a blog article?
You will have, undoubtedly, taken part in some form of gentle activism. Whether as simple as talking about recycling soft plastics with your friends, or supporting the sisterhood on International Women’s Day, there’s an activist in you, I know it.
Make your voice heard
I’ve personally dabbled in activist investing in the form of my own ‘ethical pension’ contributions. Having moved my pension a few years ago to more responsible investments*.
However, in terms of having a more dynamic influence on corporate decision makers, there’s another way… Whilst business leaders don’t have to listen to petitions, they do listen to their shareholders.
Activist investing, shareholder activism
Tulipshare, are a company that focuses on shareholder activism. Their aim is to use shareholder activism as a tool to create corporate change. Tulipshare are a licensed broker-dealer in the UK and are regulated by the FCA**. Using the shareholder rights of their activist investing users to try to influence the governance of public companies.
Through Tulipshare, and strength in numbers, we as citizens, can invest as little as £1 in the companies behind campaigns on the investment platform. I’ve recently invested two small sums to try this out, and will keep you posted on my own activities here later. (if you’ve invested with £ GBP, you will need to convert your investments to $ Dollars to be able to invest).
Combine our investing power
Tulipshare will then amalgamate our investing power with other like-minded investors and advocate on our behalf to promote ethical change. I will be able to track any returns and dividends on my Tulipshare dashboard. Tulipshare will send me updates and activities around these two campaigns I’ve invested in.
Example of the campaigns Tulipshare has been running with shareholder proposals
Tulipshare have recently submitted am activist investing shareholder proposal to Amazon.
What is this activist investing campaign about?
Plans to end the unsafe working conditions and unfair treatment that Amazon warehouse employees have been subjected to through a workers’ rights targeted shareholder proposal. The proposal requests Amazon commission an independent audit of the working conditions and treatment that Amazon warehouse workers face.
While Amazon strives to be the “Earth’s Best Employer” and “Earth’s Safest Place to Work”, a recent report indicated that Amazon warehouse employees suffer serious injuries at a rate which is 80% higher than those who work at non-Amazon warehouses.
You can read the latest update on their campaign here: https://tulipshare.com/blog/workers-rights-at-amazon.
Talc, Global Asbestos Awareness Week and Johnson & Johnson
Johnson & Johnson’s talc-based products have impacted lives and communities with their global sales of cancer-causing products, they’ve known for decades that asbestos lurked in its Baby Powder (via Reuters)
I am amazed that this is still happening, having worked with a natural skincare brand Green Baby, some 15 years ago, Talc as an ingredient was a real ‘no-no’, we campaigned back then to discourage parents from using talc-based products on their babies.
Now, years later, Johnson & Johnson continues to say that their product is “safe” even though long-term use of talcum powder has been linked to multiple cancers including ovarian cancer and mesothelioma.
So this is one of the campaigns I’m backing – having joined the Tulipshare movement and want Johnson & Johnson to stop the sale of its talc-based powder globally.
Tulipshare’s proposal will be on the ballot for Johnson & Johnson’s annual general meeting (AGM) on April 28th 2022, meaning shareholders will be able to vote on whether or not the company should stop the global sale of their talc-based products. The results of that vote will be revealed in early May 2022.
Visit the Tulipshare website to learn more about current campaigns for change with activist investing.
If you have any questions please send them to firstname.lastname@example.org
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