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Fifteen companies are facing shareholder resolutions in the US urging them to adopt human rights policies on workplace conditions in their supply chains.
The resolutions, filed by New York City comptroller William Thompson on behalf of the city’s five pension funds, ask the companies to implement a code of conduct based on core ILO conventions and the UN Norms, and to hire independent auditors to monitor compliance.
Among those targeted are Kimberly-Clark, in which the funds hold $109million (£57m) of stock, Best Buy (electrical retail, $57m) and Maytag Corporation (white goods manufacturer, $3.7m).
A UK insurance firm is to encourage 40 companies in which it holds shares worth £1.5billion ($2.87bn) to make greater use of renewable energy. The Co-operative Insurance Society is engaging with the companies as part of its responsible shareholding strategy. It recently signed its own £4m wind energy purchase agreement with electricity supplier ecotricity.
The resolutions, filed by New York City comptroller William Thompson on behalf of the city’s five pension funds, ask the companies to implement a code of conduct based on core ILO conventions and the UN Norms, and to hire independent auditors to monitor compliance.
Among those targeted are Kimberly-Clark, in which the funds hold $109million (£57m) of stock, Best Buy (electrical retail, $57m) and Maytag Corporation (white goods manufacturer, $3.7m).
A UK insurance firm is to encourage 40 companies in which it holds shares worth £1.5billion ($2.87bn) to make greater use of renewable energy. The Co-operative Insurance Society is engaging with the companies as part of its responsible shareholding strategy. It recently signed its own £4m wind energy purchase agreement with electricity supplier ecotricity.Super Featured
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