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11, 2019 — A coalition of socially responsible investors led by Azzad Asset Management announced today that it has withdrawn a shareholder resolution filed with Chevron Corporation.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