Buy stock. Save the world.
We’ve been talking a lot about shareholder advocacy at Azzad recently–and about how it’s a largely untapped way for concerned citizens to take action on issues we care about. For those who aren’t familiar with it, shareholder advocacy refers to actions taken by stock investors (shareholders) to ask the companies whose stock they own to improve or change behavior for the public good. Think of asking an energy company to use more renewables or a technology company to end purchases of conflict minerals. If you invest in stocks, you can participate in shareholder advocacy. We recently used shareholder advocacy to take action on an issue many people feel isn’t getting the attention it should – the human rights abuses faced by the Rohingya minority in Burma at the hands of its government. In November 2016, the United Nations said that abuses perpetrated against the Rohingya by the Burmese military may amount to crimes against humanity. The U.S. Holocaust Memorial Museum has reported that the Rohingya are “at grave risk of additional mass atrocities and even genocide.” During the fall filing season, Azzad partnered with a Catholic religious organization, the Ursuline Sisters of Tildonk, to file the first shareholder resolution submitted