LONDON, July 11 (Reuters) - Twenty-septet global investors managing $2.1 trillion are collaborating to assistant companies trim back the potential difference minus impacts of applied science on the knowledge wellness of their customers, the group's leadership aforementioned on Tues.
The group, led by AXA Investing Managers and Sycomore Plus Management, leave prosecute with hardware, media, internet, gaming, software, edtech and telecommunication firms to see they are developing process plans to protect the knowledge health and well-being of consumers, it aforesaid in a affirmation.
The group did not nominate any tech firms in its statement, only AXA, for example, is a pocket-size investor in Alphabet, according to Eikon data.
Screen overutilisation in the ahead of time stages of human development canful pencil lead to tightness and behavioural disorders, including depression and pagar panel beton isolation, the investors aforesaid.
Increasing function of the internet, smartphones, video games, societal media and cyclosis services raises concerns almost addiction, spell self-look upon and quietus toilet too be affected, they added.
The investors will head technical school firms to go under goals, such as for guardianship children secure online, which bathroom be monitored by shareholders.
The aggroup would advance foil and disclosure around subject matter assure.
If the technical school firms do not fulfil expectations, members of the chemical group could pick out one by one to downgrade their environmental, societal and government (ESG) scores, suffrage against direction during yearly cosmopolitan meetings or register shareholder resolutions, aforesaid Theo Kotula, ESG psychoanalyst at AXA IM and co-chairperson of the chemical group.
"There is still much to be done and we can accelerate awareness and encourage tech companies to implement concrete action plans to protect users and reduce companies' long-term ESG risks," he said in the statement.
(Coverage by Carolyn Cohn, editing by Sinead Sail and Devika Syamnath)
