When Socially Responsible Mutual Fund and Institutional Investors Speak, Corporate America Listens
Author: Social Investment Forum, Published on: 2 October 2006
Political Contributions. [refers to proposals & shareholder resolutions brought (some withdrawn after the company took positive steps) with: Amgen; Abbott Laboratories; AT&T; Bellsouth; Chevron; ExxonMobil; IBM; Monsanto; Pfizer; Target; Chubb; Verizon; Wachovia; Wal-Mart; Bristol-Myers Squibb; Coca-Cola; Eli Lilly; McDonald's; Southern Company; Staples]
Climate Change: [refers to proposals & shareholder resolutions brought (some withdrawn) with: Standard Pacific; General Motors]
Global Labor Standards: [refers to proposals & shareholder resolutions brought (some withdrawn) with: Time Warner; Avon Products; Chico's; Ford Motor; Limited Brands; Mattel; Timberland; Apple]
Sustainability Reporting: [refers to proposals & shareholder resolutions brought (some withdrawn) with: Terex; Wendy's; Dean Foods; Safeway; General Dynamics; American International (AIG); AT&T; Black & Decker; Caterpillar; Chesapeake Energy; Chubb; Illinois Tool; Marsh & McLennan]
Board Diversity:...Calvert withdrew resolutions at six companies that agreed to amend their official criteria for board selection to include diversity: Astoria Financial, Cheesecake Factory, Commerce Bancorp, Danaher, Panera Bread and TD Ameritrade. Church groups reached agreements at American Greetings, Overseas Shipholdings and Viacom.
Equal Employment: Ford Motor; Exxon; Leggett & Platt; Home Depot; Lockheed Martin; Computer Sciences; Emerson Electric; General Dynamics; Halliburton; Goodyear Tire & Rubber, Sherwin- Williams]
Human Rights: Human rights continues to be an issue debated both inside and outside of the board room -- and investors continue to strongly support proposals asking companies to adopt comprehensive human rights policies or to report their implementation procedures. Votes for such proposals were significantly higher this year, earning 23-25 percent -- at Boeing, Chevron and Halliburton -- up from 11-15 percent from the previous year.
Related companies: Abbott Laboratories AIG Apple AT&T Avon BellSouth (now AT&T) Boeing Bristol-Myers Squibb Caterpillar Cheesecake Factory Chesapeake Energy Chevron Chubb Group Coca-Cola Computer Sciences (CSC) Dean Foods Dominion Resources Eli Lilly Emerson Electric ExxonMobil Ford General Dynamics General Motors Goodyear Halliburton Home Depot IBM Illinois Tool Works Leggett & Platt Limited Brands Lockheed Martin Marsh & McLennan Mattel McDonald's Monsanto (part of Bayer) Panera Bread Pfizer Safeway USA (part of Albertsons) Sherwin-Williams Southern Company Standard Pacific (now CalAtlantic Group) Staples Target Terex Timberland (part of VF Corp) Time Warner Verizon Viacom Wachovia (part of Wells Fargo) Walmart Wendy's