CCSR Advocacy Work for 2020-2021
Resolution text
Resolved, That the Executive Council, meeting via Zoom in October 2020 approves the 2020-2021 corporate advocacy plan outlined by the Committee on Corporate Social Responsibility (CCSR) as attached which includes dialogues, letter writing, in person and Zoom meetings with the named companies, shareholder resolutions and companies recommended for the No Buy List (Attachment 1); and be it further
Resolved, That CCSR, the Treasurer and the Director of Government Relations are authorized to take actions necessary to implement the CCSR advocacy plan for 2020-21; and be it further
Resolved, That the Treasurer is directed to file shareholder resolutions with companies listed below, substantially in the form attached (Attachment 2) but subject to pertinent revisions based on updated information on targeted companies in coordination with the Interfaith Center on Corporate Responsibility, and appropriate review by the Chief Legal Officer that the language conforms with regulations of the U.S. Securities and Exchange Commission:
- Request United Airlines to report on their efforts to curtail labor trafficking in its supply chain and sex trafficking;
- File shareholder resolutions with one or both Trip Advisor and Chevron, requesting a report on the company’s impact in areas of conflict where violations of international law and human rights have been identified, with attention to Chevron on its oil exploration in the Eastern Mediterranean off the coast of Israel and the Gaza Strip and elsewhere;
- File resolutions with one or both of Johnson and Johnson and Walgreens requesting information on how they market or promote the use of their opioid drugs that can lead to addiction;
- File a shareholder resolution with Sturm Ruger requesting adoption or compliance with human rights principles in their business planning and operations and report on their efforts to minimize criminal uses of their products;
- File shareholder resolutions with one or both of Phillips 66 and Valero asking the companies to adopt science based targets for reducing methane emissions;
- File shareholder resolutions with one or more of the following companies: FLIR, Chewy and General Dynamics, asking the companies to appoint a sustainability expert to their boards of directors;
- File a shareholder resolution with Sketchers asking the company to add a person of color and/or a woman to its board of directors; and be it further
Resolved, That Council, at the recommendation of CCSR, adds Leumi Bank and DXC to the Human Rights No Buy List, having determined that the companies have met the criteria of the DFMS Human Rights investment screen of supporting and benefiting from human rights violations in the Occupied Palestinian Territories as defined in international law; and be it further
Resolved, That Saudi Arabia Oil Company (“Aramco”) be added to both the Fossil Fuels No Buy List and the Human Rights No Buy List.