Press Releases
Shareholders press Chevron to assess feasibility of policy change in light of Rohingya crisis
Burma-focused proposal asks Chevron to evaluate a policy of not doing business with governments engaging in genocide or crimes against humanity Falls Church, Va., Dec 18, 2017 – A group of investors has filed for the second time a shareholder resolution with Chevron Corporation focused on the persecuted Rohingya minority in Burma (Myanmar). The proposal asks the energy giant to report on the feasibility of enacting a policy of not doing business with governments engaged in genocide or crimes against humanity. Azzad Asset Management filed the resolution, and at least four other socially responsible investment institutions co-filed. Azzad and the Ursuline
Investors say executive pay packages at pharma may incentivize drug pricing risks
In resolutions at five U.S. drug makers, investors request a review of compensation policies that may drive senior execs to ignore the long-term business risks of skyrocketing drug costs. Falls Church, Va., 12/14/17 – Investors today announced they have filed resolutions at five major pharmaceutical companies asking for information about how well executive pay incentives mitigate long-term financial risks associated with mounting public concerns over the affordability of prescription medicines. The investors are all members of the Interfaith Center on Corporate Responsibility (ICCR), a shareholder coalition that has been engaging the pharma sector for decades on drug access and affordability. In
Stakeholders press energy companies doing business with Myanmar to address Rohingya crisis
Investors with more than $53 billion in assets sign letters calling for an end to ‘business as usual’ in light of military crackdown Falls Church, Va., 10/23/17 — A group of investors and stakeholders has called on energy companies doing business in Myanmar/Burma to reassess their dealings in light of that country’s brutal military crackdown on its ethnic Rohingya minority. Organized by the International Campaign for the Rohingya and Azzad Asset Management, letters signed by 31 investor organizations representing more than $53 billion in assets under management were sent to executives at six oil and gas companies, emphasizing the serious
Investor coalition asks Chevron to press Myanmar government for resolution to Rohingya crisis
Groups representing more than $30 billion in assets say ‘business as usual’ must end following government escalation of violence against minority population Falls Church, Va., 8/31/17 — Shareholders and other investor organizations delivered a letter to energy giant Chevron Corporation today, asking the company to use its leverage with the Myanmar government to end military violence against its Rohingya population. Chevron partners with a government entity in the country’s troubled western region where the military recently escalated a longstanding campaign against the minority group. The letter reads in part: “We believe that Chevron’s production sharing contract with the government-sponsored Myanma
