HOOPP believes that addressing climate change requires real-world results, and that simply reducing the carbon footprint of our investment portfolio does not necessarily translate into lower emissions in the real economy.
We believe that we are better able to effect corporate change by having a seat at the table as an investor and helping to shape corporate priorities. We are well positioned to influence change by working with the companies we invest in, and we believe this approach is in the best interests of our members.
We view divestment as a final option, after having exhausted all efforts at dialogue. Divesting too soon can encourage companies to seek funding from sources that may be much less concerned with climate change than HOOPP is.
By urging and encouraging corporations to develop credible decarbonization plans, and by voting in support of climate-related proposals, HOOPP can and does influence corporate behaviour. In the long term, remaining an active investor in companies can lead to real-world impacts while enhancing value for our members.