Matt Whineray, CEO of the US$27.9-billion New Zealand Superannuation Fund, plans to ask large sovereign wealth and public pension funds gathering in London—where the Caisse de dépôt et placement du Québec is among the attendees—this week to support a push for Facebook, Google, YouTube and other social media platforms to strengthen controls to flag and remove content that incites violence and cruelty. So far, 23 institutional investors have backed the initiative, which have a combined assets under management worth US$299.5 billion. (PI Online)

Talking point: The call-to-action took on greater urgency in light of the Christchurch mosque attacks, which were livestreamed and spread across social media. Divesting from hate groups is a new facet of socially-responsible investing, which has typically focused on environmental or anti-gun initiatives. While online platforms, including Shopify, have long been criticized for hosting harmful content, they’ve struggled—and in some cases refused—to stop doing so. Last week, Facebook announced plans to ban white nationalist content on its platform, but the system for doing so isn’t foolproof—it relies on moderators to identify and remove the material after it’s been posted.