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Toxics in Your Portfolio? More Companies Facing Shareholder Resolutions on Chemical Risks in Products
Companies facing shareholder resolutions on chemical risks in products jump from just three in '04-'05 to 17 in '06-'07... In the wake of costly litigation, product sales bans, and reputational damage arising from asbestos, toxic materials in cosmetics and toys, and Teflon-related chemicals, U.S. investors are becoming increasingly wary of toxic chemical risks... In response, the Investor Environmental Health Network (IEHN)...today released the 52-page “Fiduciary Guide to Toxic Chemical Risk.” [refers to resolutions filed with Apple, Bed Bath & Beyond, CVS, Dow, DuPont, Hasbro, Mohawk Industries, Scotts Miracle-Gro, Sears, ServiceMaster (over practices by TruGreen Chemlawn unit); positive steps by Whole Foods, Wal-Mart, ConAgra, Becton Dickinson (BD), Johnson & Johnson]