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Azzad commends Chevron’s work on Myanmar

Azzad commends Chevron’s work on Myanmar

Activist investors withdraw human rights shareholder resolution following ‘constructive dialogue’ Falls Church, Virginia, April 11, 2019 — A coalition of socially responsible investors led by Azzad Asset Management announced today that it has withdrawn a shareholder resolution filed with Chevron Corporation. The proposal pushed the energy giant to evaluate its business with governments engaged in conflict areas. This announcement follows a years-long dialogue between concerned stakeholders and the oil and gas company, which has operations globally, including in regions experiencing internal strife. The resolution, which was filed by Azzad for a third time last year, asks Chevron to evaluate a policy of cutting ties with governments engaged in genocide or crimes against humanity. It cites specifically the nation of Myanmar (Burma), whose military stands accused of committing atrocities against the Rohingya ethnic minority. Preferring instead a policy of engagement with local government and civil society, Chevron responded to shareholders with a set of initiatives and specific actions the company has undertaken or planned to undertake aimed at addressing the humanitarian crisis. Among other things, these include engaging with political leaders on U.S.-Myanmar policy, training representatives of private security companies on what Chevron expects of them by way of a commitment to respecting

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First shareholder resolution on Rohingya presses Chevron on business ties to Burma government

Resolution asks oil giant to halt business with regimes engaged in genocide or crimes against humanity Falls Church, Va., 12/12/16 – A socially responsible investment firm and a Roman Catholic international religious congregation announced today that they have filed the first shareholder resolution focused on the persecuted Burmese Rohingya minority, calling on California-based Chevron Corporation to evaluate a policy of not doing business with governments that are believed to be engaged in genocide or crimes against humanity. Filed by Azzad Asset Management and the Ursuline Sisters of Tildonk, U.S. Province, the proposed resolution urges the oil giant to halt its relationship with the government of Burma (Myanmar) until that country ends the state-sanctioned violence against its Rohingya minority. It is the first time a shareholder resolution focused on the Rohingya has been submitted to a U.S. corporation. The proposal was prepared in consultation with the International Campaign for the Rohingya and is expected to be voted on by stockholders at the Chevron annual meeting in May 2017. It describes the recent violence by Burma’s army against the ethnic Rohingya people in Rakhine state in western Burma. Through its subsidiary Unocal Myanmar Offshore Co., Ltd., Chevron entered into a production sharing

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