Unocal adopts company-wide principles

Author: Business Respect newsletter No. 52, Published on: 15 March 2003

Unocal Corporation has announced the adoption of new corporate principles covering fundamental rights, such as freedom from discrimination in employment, the elimination of child labour and freedom of association and collective bargaining. The move was welcomed by the Amalgamated Bank, which was one of the company's investors that had urged the company to take the step in a shareholder resolution that won 32.8 percent support at the company's AGM - at the time the largest ever such vote of support recorded for a human rights motion...Unocal has been the focus of criticism due to its business activities in Myanmar - particularly alleged complicity with the actions of security services who committed various human rights violations.

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Related companies: Amalgamated Bank Unocal (part of Chevron)