Civil society appeal to the Swiss National Bank
More protection of human rights and the environment
Swiss Civil Society We, the undersigned organizations and institutions of civil society, call upon the Swiss National Bank (SNB) to support - through its voting rights at the Annual Meeting of Chevron on May 31, 2017 Chevron in the United States - the stockholders' proposals in the perspective of mitigating climate change and for the respect for human and environmental rights.
A recent report of the "Artisans de la Transition"1 stressed the importance of investments in the fossil fuel industry in the US-equity portfolio of the SNB regarding companies quoted on the stock exchange in the United States. However, these investments are not compatible with SNB's investment guidelines concerning environmental and human rights violations2 nor with the Paris Climate Agreement signed by Switzerland. In this portfolio, Chevron represents an important percentage of shares. (Photo: UDAPT)