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Article

24 Feb 2005

Author:
office of New York City Comptroller William C. Thompson

New York City Pension Funds Urge 15 Companies to Adopt Workplace Human Rights Policies

...the five New York City pension funds [are] urging 15 companies to adopt workplace human rights policies...based on the conventions of the International Labor Organization (ILO) on workplace human rights and the United Nation's Norms on the Responsibility of Transnational Corporations with regard to Human Rights (“UN Norms”)...The proposals were submitted for the first-time to: Best Buy...Kimberly Clark...Maytag...Bed Bath & Beyond...E.I. du Pont De Nemours [DuPont]...C.R. Bard...Cooper Industries...Fluor...Primus Telecommunications Group...Additionally, proposals were resubmitted again this proxy season to: Dillard's...Hasbro... [and] the TJX Companies...Further, NYCERS resubmitted a resolution to VF Corporation...Consequently, VF's Board of Directors agreed to mandate a review of the enforcement of its global labor standards for suppliers and to issue a public report on the findings of that review. [filing pension funds: New York City Employees' Retirement System (NYCERS), Teachers' Retirement System (TRS), New York City Police Pension Fund, New York City Fire Department Pension Fund, Board of Education Retirement System (BERS)]