Google doesn’t even look at it, British Warren Buffett “presses without carbon reduction plans”

The Wall Street Journal reported that Christopher Horn was campaigning to reduce carbon emissions against S&P 500 companies. [WSJ 캡쳐]

Billionaire investor Christopher Horn, 54, who is called’Warren Buffett of the UK’ has declared war against global companies. It is the initiative to attack companies that do not strive to reduce carbon emissions with the power of shareholders. As countries around the world have recently declared’carbon neutrality (absorbing as much carbon as it has been emitted and making the sum ‘0’), it is saying that as an investor, companies will be pressured to take active measures.

On the 28th (local time), the Wall Street Journal (WSJ) reported that “Horni is campaigning against dozens of the largest companies in the world to announce plans to reduce carbon emissions.” Through this, his goal is to ensure that at least 100 of the companies that are included in the Standard & Poor’s (S&P) 500 index by the end of next year will tackle the problem of climate change. WSJ added that if a company does not voluntarily, it will be pressured by a shareholder vote.

TCI, run by Christopher Horn, is involved in corporate management with the advocacy of’shareholder activism’. [TCI 홈페이지]

Horn is the founder of TCI, one of the world’s most profitable hedge fund investors. Beyond simply investing and receiving dividends, the company promoted the so-called’shareholder activism’ that shareholders actively intervene in corporate management. According to WSJ, Hon constantly asks questions until he gets a cool answer from the company. “As a shareholder, we can’t wait for regulators to tackle the climate change problem,” he said. “We have to show investors how seriously this threat is.”

In fact, TCI recently sent a’shareholder resolution on carbon emission reduction’ to Alphabet, Google’s parent company. Union Pacific, the leading freight railroad company in the United States, and Monster Beverly, an energy drink maker, recently received a shareholder resolution from a non-profit organization related to Horn. A similar move is being conducted simultaneously against European and Australian companies.

TCI, a company run by Christopher Horn, recently submitted a shareholder resolution to Google’s parent company Alphabet to reduce carbon emissions. [AP=연합뉴스]

WSJ reported that Union Pacific said, “We are discussing this issue with our shareholders and investing in the environmental and social sectors.” Alphabet and Monster Beverage have yet to enter.

According to Bloomberg News, Christopher Horn earned more than $1.9 billion (about 2.1 trillion won) in 2019 alone, becoming the’salary king’ of the hedge fund world. In this year, the individual funds managed by Horn were found to have a return of over 40%. Forbes estimated that his net worth last year would reach $5 billion (about 5.6 trillion won).

Christopher Horn was born to a Jamaican-born European immigrant father and an English mother. My father was a car mechanic, and my mother was a secretary at a law firm. After attending the University of Southampton in the UK, at the suggestion of a professor, he went on to Harvard Graduate School and received a master’s degree in business administration. After graduating, he got a job at an investment company and founded TCI in 2003.

Reporter Kim Sun-mi [email protected]