RE: Coal27 Oct 2020 20:39
A group of powerful investors managing assets worth more than $10trn (£7.65trn) will this week pile pressure on the world's largest mining companies to justify their "social licence" in the wake of the crisis sparked by Rio Tinto's destruction of an ancient Aboriginal site.
Sky News has learnt that a letter from more than 60 institutional investors will be sent to companies including Anglo American, Barrick Gold, Glencore and South32 - all of which have a substantial presence on the London stock market - calling on them to justify their "management of cultural heritage".
City insiders said investors including the Church of England Pensions Board, Legal & General Investment Management, M&G Investments, Schroders and the Universities Superannuation Scheme (USS) had agreed to sign it.