LONDON, July 11 (Reuters) - Twenty-seven ball-shaped investors managing $2.1 trillion are collaborating to aid companies abbreviate the possible negative impacts of applied science on the cognition health of their customers, the group's leadership aforementioned on Tues.
The group, light-emitting diode by AXA Investment Managers and Sycomore Asset Management, will hire with hardware, media, internet, gaming, software, edtech and telecommunication firms to assure they are developing process plans to protect the mental wellness and eudaemonia of consumers, it aforementioned in a program line.
The radical did not nominate whatever tech firms in its statement, but AXA, for example, is a small-scale investor pagar minimalis beton in Alphabet, according to Eikon information.
Cover overutilisation in the other stages of homo development privy leading to denseness and behavioral disorders, including Great Depression and isolation, the investors aforesaid.
Increasing role of the internet, smartphones, television games, sociable media and cyclosis services raises concerns virtually addiction, while self-look upon and sopor tin can also be affected, they added.
The investors bequeath pathfinder tech firms to go down goals, such as for holding children safe online, which prat be monitored by shareholders.
The radical would encourage foil and revelation around cognitive content keep in line.
If the technical school firms do non conform to expectations, members of the group could select on an individual basis to downgrade their environmental, social and brass (ESG) scores, vote against direction during time period world-wide meetings or register stockholder resolutions, aforementioned Theo Kotula, ESG psychoanalyst at AXA IM and co-death chair of the radical.
"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 aforesaid in the instruction.
(Reporting by Carolyn Cohn, redaction by Sinead Sail and Devika Syamnath)
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