ING letter
August 7th, 2013
ING response to shareholders
- Shareholders at the ING Emerging Countries Fund approved the genocide-free investing proposal by a wide margin in a vote on June 28, 2012. The proposal passed 59.8% to 10.7% with 29.5% abstaining. This decisive win at ING is a first for the genocide-free investing proposal and affirms our earlier research showing that the vast majority of Americans want to avoid investments tied to genocide.
- A year after the vote, ING informed Investors Against Genocide of its decision to take no action to implement genocide-free investing despite the 2012 proxy vote which strongly endorsed having a genocide-free investing policy.
- On August 7, 2013, a coalition of investors called on ING to reconsider its decision to disregard the results of the proxy vote.
- Letter to ING here.
- Press release here.
- Article in The Guardian: Shareholders to ING: stop investing in genocidal Sudan