A group of investment firms are calling on three major Washington Redskins sponsors to end their business relationships with the Redskins unless the team changes it names.
Adweek reported Nike, Pepsico and FedEx received letters signed by 87 investment firms and shareholders calling for them to disassociate from the Redskins due to their name. It’s the latest pressure the team has faced in recent weeks amid a social justice movement that has happened in the aftermath of George Floyd’s death.
The investment firms are worth a collective $620 billion, according to Adweek. Those who have signed on include: First Peoples Worldwide, Oneida Nation Trust Enrollment Committee, Trillium Asset Management, LLC Boston Common Asset Management, LLC Boston Trust Walden Mercy Investment Services and First Affirmative Financial Network.