Addressing Corporate Tax Avoidance
Corporate tax avoidance has been an important component of our engagement and policy work for several years. The United Nations’ backed Principles for Responsible Investment is a global network of investors responsible for $60 trillion in assets. After expressions of interest from a significant number of its members, PRI established a Taskforce on Tax, including Domini, to develop guidance to help investors engage with corporations on global tax strategies. In the fourth quarter, the PRI published the result of this work, and in the first quarter hosted a roundtable discussion with a group of six non-US corporations to discuss the guidance. We were very encouraged by the constructive nature of the meeting and look forward to continuing our work with the Taskforce.