Investing in a just response to COVID-19

Like many charities and philanthropic funders, Lankelly Chase is committed to supporting our partners and others as we respond collectively to the impacts of the COVID-19 pandemic. We’ve signed a joint funder statement and will continue to provide updates on our response through our website and social media.

How companies act at this moment is also crucial in determining the near term consequences for us all, and those who are already marginalised and most disadvantaged in particular. The economic implications of the unfolding public health and social crisis are already severe, and are being felt across financial markets as well as our everyday lives.

As an investor in many such companies through our endowment, we can help to influence how companies respond to the pandemic by setting out what is most important to us right now. We want to ensure that, amidst uncertainty and economic disruption, companies’ decisions are just and do not perpetuate inequity and severe disadvantage.

To that end, we have joined 194 other investors in issuing a global statement of expectations. We have asked our investment managers – who invest our endowment – to reflect these priorities in their dialogue with our portfolio companies in the coming weeks and beyond.

1. Provide paid leave to allow workers to self-isolate and adhere to social distancing guidelines.

2. Prioritise health and safety of workers and the public.

3. Maintain employment.

4. Uphold supplier/ customer relationships.

5. Approach financial decisions ethically, including suspending shareholder distributions and cutting senior management pay in order to support workers.

You can read the full statement here: https://www.domini.com/uploads/files/INVESTOR-STATEMENT-ON-CORONAVIRUS-RESPONSE-03.26.20.pdf