Wendy's shareholder resolution calls for evidence of claims of social responsibility
Wendy’s Shareholder Resolution News, Part One: Resolution calling for documentation of Wendy’s claims of social responsibility gaining real momentum ahead annual meeting…
…A… new shareholder resolution, filed by the Franciscan Sisters of Allegany, has made its way onto the ballot for a vote [at Wendy's annual shareholder meeting], and [is] call[ing] for Wendy’s to back up its claims of human rights compliance in its supply chain with real data…
The new resolution [is being] filed by the Franciscan Sisters of Allegany, an affiliate of Investor Advocates for Social Justice (IASJ)… with the support of the Interfaith Center on Corporate Responsibility (ICCR)… Combining… key element[s including]… the COVID-19 pandemic’s disproportionate impact on poor and marginalized communities, the swelling demand for structural solutions to longstanding racial injustice, and the growing realization that the traditional approach to corporate social responsibility (CSR) has failed to adequately protect workers’ fundamental human rights in corporate supply chains — the resolution calls for a tangible accounting of the impact of Wendy’s social responsibility efforts to date, efforts Wendy’s claims are somehow comparable to the kind of real-world impact produced by the Fair Food Program in its competitors’ supply chains. The proposal requests a report that includes the following evidence:
- Whether Wendy’s requires suppliers to implement COVID-19 safety measures;
- Whether Wendy’s has suspended suppliers for violating its Code of Conduct;
- How often Wendy’s suppliers are audited for compliance, including how many workers are interviewed personally on-site; and
- Whether Wendy’s provides workers in its supply chain with access to an independent third-party complaint system to report abuses (and, if it does, how that system works and evidence of how it has been utilized by workers).
You can read the resolution in its entirety here.
The disclosure called for in the resolution focuses on the effectiveness of Wendy’s Supplier Code of Conduct, and specifically on Wendy’s record of enforcement of human rights – in particular, but not exclusively, as related to the Covid-19 pandemic – in its supply chain…