Contact Adani's investors! | Tell Adani's investors to stop funding Adani's coal!

Contact Adani's investors!

Send an email to Adani investors BlackRock, JP Morgan, Vanguard, Barclays and TIAA. Your email will be most powerful if you put it in your own words.

Compose your email

Name

Email

Subject:

I am writing to you because I am very concerned about your willingness to continue to invest in or arrange finance for the Adani Group while the company pursues one of the biggest new coal expansions in the world, works with the Myanmar military and stands accused of “the largest con in corporate history”.[1] I insist you announce publicly that you will divest from all Adani Group companies, and rule out any further investment or arrangement of finance until Adani proves its commitment to a more sustainable future by abandoning its Carmichael coal mine and getting out of coal.

The Adani Group is planning to develop more new thermal coal mining capacity than any other private company in the world, and is only second globally to Coal India, according to Global Energy Monitor. [2]

Right now Adani is opening an entirely new coal basin and building the biggest coal mine in Australia's history. Adani’s Carmichael Coal Project does not have the consent of Traditional Owners, will drain billions of litres of precious water resources, increase coal ships in the Great Barrier Reef World Heritage Area and turbocharge global heating. The entire project is the subject of one of the biggest community resistance campaigns in Australia’s history. Over 110 of the world’s biggest banks, insurers and engineering companies have ruled out any support for Adani’s Carmichael Coal Project due to the severe reputational risks.

Adani is planning to significantly expand their coal business in India with new coal mines, coal ports and coal plants. Adani has purchased at least 12 new coal mines since 2020. [2] Adani’s expansionary coal projects are displacing thousands of Indigenous Adivasi people and destroying forests, farms and villages. [3]

Adani has recently been exposed for continuing its partnership with the murderous Myanmar military, which is committing crimes against humanity including genocide and war atrocities. Adani sought new coal ventures with the Myanmar military at the same time it was telling the world it was exiting the country in the wake of a bloody coup. Adani also continued to develop a lucrative port asset that will benefit the Myanmar military despite the military's escalating campaign of terror against the people of Myanmar.[4]

On top of Adani’s devastating environmental and social impacts, Hindenburg Research has laid out detailed and damning evidence of “brazen accounting fraud, stock manipulation and money laundering” at the Adani Group that they say amounts to “one of, if not the most egregious example of corporate fraud in history.” The Hindenburg Report shows how Adani moves money around its vast corporate empire so that any investment in any Adani company could end up financing coal expansion and human rights abuses.

Investing in the Adani Group makes you complicit in Adani’s coal expansion and its violation of Indigenous land rights and human rights. Continuing to invest in Adani poses a severe risk to your reputation, and, as the Hindenburg Report shows, to your finances. All of these issues have been widely reported, which also raises serious questions about your own due diligence, corporate governance and commitment to ESG principles.

Other investors are already taking action:
- Norway’s largest pension fund KLP has divested from Adani Green saying “revelations about Adani’s corporate structure created an unacceptably high risk that 'clean' investment could be siphoned off towards coal mining”.
- Credit Suisse, Citi and Standard Chartered have all stopped accepting Adani bonds as collateral in the wake of the Hindenburg allegations.

Frontline Indigenous communities and environmental and human rights advocates have been warning about the Adani Group’s environmental destruction, human rights abuses and dodgy business practices for years. It is time you listen to them, and the very serious allegations in the Hindenburg Report, and stop funding Adani.

Will you announce publicly that you will divest from all Adani Group companies, and rule out any further investment or arrangement of finance until Adani proves its commitment to a more sustainable future by abandoning its Carmichael coal mine and getting out of coal?

References
[1] https://hindenburgresearch.com/adani/
[2] https://www.marketforces.org.au/campaigns/stop-adani/adani-fossil-fuel-expansion-plans/
[3] https://www.adaniwatch.org/adani_s_coal_based_community_conflicts_in_india
[4] https://www.abc.net.au/news/2023-05-04/adani-coal-projects-myanmar-military-junta-leaked-documents/102291036

How we use the data you enter on this form

Do Gooder (the advocacy platform powering this online action) processes personal information from you that you enter on this form so that we can provide the functions and related services to you and The Campaigner (the organisation responsible for this online action) for their legitimate purposes, including possibly exporting it to other systems, and to effectively respond to enquiries and communications related to those services.

Specifically when you enter:

Your location data (residential address or postcode) it is used to locate your elected representative, to pre-populate your email signature and to provide The Campaigner with a visualisation of the location of the support for this campaign.
All other data you may enter, including your email address, name, telephone number, commentary and so on is used by The Campaigner to advocate for the campaign’s goals and where required may be sent to the target of the campaign.

The data collected by Do Gooder is also used by us in aggregate form to improve the service and may be held on your behalf outside your country of residence by our third party service providers. These providers are bound by contract to only use personal information on our behalf, in accordance with agreed terms. While the privacy laws of the country in which personal information is stored or transferred may be different from those in your country, we will always have safeguards in place when storing or transferring personal information. We will never sell, rent, loan or in any other way pass your information on to other parties other than to provide this service to you and The Campaigner.

The personal information collected by Do Gooder is held subject to a Data Processing Agreement between Do Gooder and The Campaigner in compliance with the EU's GDPR and Australian law.

Learn more about our privacy policy here

How is my data used?