abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthC4067174-3DD9-4B9E-AD64-284FDAAE6338@1xinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapeline, chart, up, arrow, graphLinkedInlocationmap-pinminusnewsorganisationotheroverviewpluspreviewArtboard 185profilerefreshIconnewssearchsecurityPathStock downStock steadyStock uptagticktooltiptwitteruniversalityweb
Article

28 May 2013

Author:
Associated Press

Ralph Lauren promises to review social, environmental issues after NY comptroller request

A shareholder resolution asking Ralph Lauren Corp. to report on social and environmental issues has been withdrawn by New York Comptroller Thomas DiNapoli after the global retailer promised to issue such a report next year...“Over the past few years, the New York State Common Retirement fund has made it a priority to engage with portfolio companies on labor practices and human rights,” DiNapoli said Tuesday. “There is no daylight between protecting shareholder value and promoting practices that can protect workers’ rights and save lives.” [also refers to Best Buy, Bed Bath & Beyond]