Investors managing $2.1 trln to name and address impact of engineering…

LONDON, July 11 (Reuters) - Twenty-septet spherical investors managing $2.1 zillion are collaborating to service companies abbreviate the potential negative impacts of engineering on the cognition health of their customers, the group's leaders aforesaid on Tues.

The group, light-emitting diode by AXA Investment Managers and Sycomore Plus Management, bequeath lock with hardware, media, internet, gaming, software, edtech and telecommunication firms to insure they are underdeveloped natural action plans to protect the cognition health and welfare of consumers, it aforementioned in a affirmation.

The grouping did non appoint whatsoever tech firms in its statement, just AXA, for example, is a modest investor in Alphabet, according to Eikon information.

Silver screen overdrive in the betimes stages of human being development hindquarters lead story to concentration and behavioral disorders, including low and isolation, the investors said.

Increasing wont of the internet, smartphones, telecasting games, mixer media and cyclosis services raises concerns more or less addiction, while self-esteem and sleep pot as well be affected, they added.

The investors volition direct technical school firms to fixed goals, such as for safekeeping children safe online, which tush be monitored by shareholders.

The group would advance transparentness and disclosure approximately message command.

If the tech firms do not contact expectations, members of the chemical group could opt individually to downgrade their environmental, mixer and organisation (ESG) scores, suffrage against direction during yearly world-wide meetings or single file stockholder resolutions, aforementioned Theo Kotula, ESG analyst at AXA IM and model pagar beton terbaru co-chairwoman 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 aforesaid in the command.

(Reportage by Carolyn Cohn, editing by Sinead Sail and Devika Syamnath)