Financial Times Moral Money: Coca-Cola and Delta step into the political fray

“With the pandemic casting a harsh spotlight on social problems such as income and racial inequality, large institutional investors have kicked off a flurry of shareholder engagement campaigns designed to push companies to look out for their workers and communities.

While these efforts may be noble (and may even achieve some positive results), they fail to address the role institutional investors themselves have played in creating the problems they are now seeking to fix, according to a new working paper from the Predistribution Initiative.”