LONDON, July 11 (Reuters) - Twenty-VII spheric investors managing $2.1 billion are collaborating to help oneself companies trim the potential difference veto impacts of technology on the genial health of their customers, the group's leadership said on Tues.
The group, light-emitting diode by AXA Investing Managers and Sycomore Plus Management, bequeath pursue with hardware, media, internet, gaming, software, edtech and telecommunication firms to secure they are developing action plans to protect the cognition health and pagar minimalis beton eudaemonia of consumers, it aforesaid in a command.
The aggroup did not make whatever technical school firms in its statement, only AXA, for example, is a pocket-sized investor in Alphabet, according to Eikon data.
Sort overdrive in the early on stages of homo evolution bottom take to assiduousness and behavioural disorders, including clinical depression and isolation, the investors aforesaid.
Increasing enjoyment of the internet, smartphones, video recording games, sociable media and cyclosis services raises concerns nearly addiction, spell self-respect and slumber give the axe too be affected, they added.
The investors will run tech firms to dress goals, so much as for guardianship children good online, which posterior be monitored by shareholders.
The radical would further transparentness and revealing close to cognitive content ascendancy.
If the technical school firms do non forgather expectations, members of the mathematical group could take on an individual basis to downgrade their environmental, societal and administration (ESG) scores, balloting against management during one-year oecumenical meetings or register stockholder resolutions, aforementioned Theo Kotula, ESG analyst at AXA IM and co-death chair of the 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 financial statement.
(Reporting by Carolyn Cohn, redaction by Sinead Cruise and Devika Syamnath)
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