ICCR Statement of Support for new Accord for Fire and Building Safety in Bangladesh

As investors shareholders engaged in dialogues with retailers, we are heartened by last week’s announcement that global unions and companies signed an agreement to extend the Accord for Fire and Building Safety for an additional three year period in force after May 2018. This is great news!  Investors, including those from SGI, have played an important role in supporting the Accord, assessing its progress and recommending areas to be strengthened going forward.

ICCR’s statement applauding the agreement is found here.

SGI members signed onto the April 2017 investor statement on the 4th Anniversary of the Rana Plaza Tragedy.  Our recommendations included:

  • Accord companies and trade union representatives agree to extend the Accord for the period of time needed to remediate systemic issues that still threaten worker safety and livelihood.
  • Broaden the current scope of the Accord to include; i) a focus on freedom of association and collective bargaining and integrate this into the Complaints Mechanism process and ii) additional parts of the supply chain where similar risks exist such as washing, dying, fabrics, leather and home textiles.

The new agreement responds positively to these recommendations.  Over the past four years, investor activism has made a difference in providing support and urging further action to make sure that garment factories are made safer now and in the future.

Sr. Patricia Daly and Fr. Michael Crosby, Winners of ICCR’s 2017 Legacy Award

The Governing Board of the Interfaith Center on Corporate Responsibility (ICCR) is pleased to announce that the winners of the ICCR 2017 Legacy Award are Sr. Patricia Daly, O.P. of the Dominican Sisters of Caldwell, New Jersey and Fr. Michael Crosby O.F.M. Cap. of the Province of St. Joseph of the Capuchin Order.  Fr. Crosby is also the Executive Director of Seventh Generation Interfaith.

Continue to complete ICCR press release.

How do you speak to a climate denier?

–Frank Sherman, Associate Director Seventh Generation Interfaith Coalition for Responsible Investing

Climate change was on center stage at last week’s ICCR conference in Grand Rapids. Watching environmental regulations built up over many years being weakened or eliminated in Washington, leading to the U.S. exit from the Paris Climate Accord, has been painful. Especially considering the fact that the poorest people on our planet who had nothing to do with causing this problem will bare the blunt of the consequences.

But how do you speak to a climate denier?

(Complete text of How do you speak to a climate denier?)

Bangladesh Accord illustrates power of multi-stakeholder collaboration to address supply chain issues

In the aftermath of the tragedy at Rana Plaza, April 24, 2013, the Bangladesh Investor Initiative has actively engaged companies sourcing  in the garment sector.   While substantial progress has been made in the last four years, there is still a great deal to be done before the sector is truly transformed where workers are assured of safe and healthy workplaces.  Click for ICCR’s press release which includes a link to the investor statement.

ICCR statement in support of in-person annual stockholder meetings

ICCR believes the ability to attend annual stockholder meetings in person is a fundamental tenet of shareholder democracy. The annual meeting provides shareholders with a critical accountability mechanism to assess, challenge and evaluate management performance through an open exchange
with board and management.

Nevertheless, there is a growing trend among several high profile corporations – including ConocoPhillips, Comcast, Duke Energy, Ford Motor Company, HP, Intel and Biogen – that would eliminate in-person stockholder meetings in favor of virtual-only (webcast) meetings.

Read the full text of ICCR’s statement in support of in-person shareholder meetings.

ICCR releases 2017 Proxy Resolutions and Voting Guide

Accompanying photo used with permission, Interfaith Center for Corporate Responsibility

ICCR recently published its 2017 Proxy Resolutions and Voting Guide. The Guide outlines the proxy season and contextualizes the 283 resolutions that were filed by ICCR members, with a deeper dive on several key campaigns they are leading. Read the Executive Summary or download the full report. ICCR hosted a webinar to provide an overview of the upcoming proxy season in advance of the public release of the Guide. Listen to the webinar recording.  Or, view the side deck here.
SGI members are advised to forward the Guide to their financial managers with instructions to vote your proxy in support of these resolutions.