Wespath Benefits and Investments (Wespath) implements Sustainable Investment Strategies. What does that mean in the time of COVID-19? Answer: It looks to near-term actions to enable recovery and prosperity in the long-term. https://lnkd.in/eQFXtd4.
Wespath believes “near-term decisions made by corporations will play a crucial role in defining the speed and nature of the recovery.” Wespath joined other investors in supporting a Statement on Coronavirus Response (https://lnkd.in/e2AnKJy) calling on businesses “to personify their corporate citizenship and support communities amid the COVID-19 crisis,” to “prioritize the welfare of their stakeholders and to consider proactive steps such as paid leave and employment retention.”
Wespath also asks banks to support “trusted borrowers and otherwise viable small business owners”:
· Offer emergency loans at 0% interest for payroll and solvency
· Reduce loan payments for 3-4 months
· Increase credit lines
and “employers to educate and encourage their employees to find ways to support small businesses in their local communities.”
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