Engine No. 1 is an American activist[1][2] and impact-focusedinvestment firm.[3][4] It attracted attention with its campaign to replace four members of ExxonMobil's board of directors despite owning only 0.02% of the company's shares.[1][5] The firm describes its investment approach as "active ownership", as it prefers to work with management instead of launching activist campaigns.[6]
The fund was founded in December 2020[3][7] and its most recent[a] 13F filing indicated that it had $430 million in assets under management.[8] Jennifer Grancio is the fund's chief executive officer and Christopher James its executive chairman.[9][10] As of October 2021, the fund employed 39 staff.[11]
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