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Interfaith Centre on Corporate Responsibility report highlights positive outcomes of shareholder proposals to corporations, including commitments to human rights, diversity & climate change

Author: Interfaith Centre on Corporate Responsibility, Published on: 1 October 2019

"Catalyzing Corporate Change: ICCR Members Celebrate a Successful 2019 Proxy Season", September 2019

The annual filing of shareholder proposals at hundreds of companies across nearly every sector is an important tool ICCR members employ to help catalyze corporate change on environmental, social and governance concerns...

 ...More than a third...of ICCR members’ 2019 proposals resulted in changes in policies and practices. The majority of these corporate commitments secured by our members concerned issues of workplace diversity and inclusion...as well as climate change...and human rights...

 ...[for example] ICCR’s “No Fees” campaign seeks to end exploitation of migrant workers by prohibiting worker-paid recruitment fees that can lead to debt bondage. A resolution filed by Friends Fiduciary persuaded Western Digital to commit to adopting and implementing a comprehensive global human rights policy applicable to all employees, contractors and suppliers, and to publish metrics on its human rights due diligence policies and practices...

Read the full post here