The Next Wave in Shareholder Activism: Socially Responsible Investing

The biggest activist hedge funds are jumping on the wave of socially responsible investing.

Elliott Management Corp., known for waging campaigns for share buybacks and executive change, suggested in its recent public letter to Evergy Inc. that the utility consider reducing its carbon footprint. In its February letter to management at Prudential PLC, Third Point LLC highlighted the excessive carbon footprint it says is created by having a London headquarters for the British insurer’s American and Asian businesses. And Jeff…

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