<<
Back to Press Releases
Marriott
Shareholders Applaud Marriott International for Adopting
Policy to Address the Exploitation of Children
New York, NY///December 6, 2006///
In November, Marriott International's Board of Directors approved a change
in its Human Rights policy to specifically include a section on the Protection
of Children. "We commend Marriott for following through on their pledge
to develop a policy to address the issue of the sexual exploitation of children
as part of our agreement to withdraw the shareholder resolution that we filed
on behalf of our clients at the end of 2005," said Carina Silberg, Research
Analyst of GES Investment Services of Sweden.
"We believe that Marriott has demonstrated a sincere commitment to addressing
the issue of the sexual exploitation of children from a risk management and
corporate responsibility perspective," said Lauren Compere, Director of
Shareholder Advocacy at Boston Common Asset Management. "We hope that other
hotel chains and other companies involved in the tourism industry will take
up this issue with the same leadership that Marriott has."
Lauren Compere and Carina Silberg co-led an intensive dialogue with Marriott
International to adopt policies and procedures to address the sexual exploitation
of children in the hotel industry. The initiative was prompted by Swedish Första
AP-fonden, part of the Swedish National Pension System, and other shareholders
playing a key part in the discussions with Marriott include DnB of Norway and
the Sisters of St. Joseph of Boston. Over the last nine months, the shareholder
group has met three times with members of Marriott's Human Rights Task Force
comprised of senior officials in the organization across the areas of human
resources, compliance, public affairs and international lodging operations.
The Task Force was specifically formed to address this issue throughout Marriott's
global operations.
"As shareholders we are concerned about the risks of companies in the
tourism and travel industry being associated with or used as a mean in Child
Sex Tourism (CST). These risks and the central role of travel professionals
in preventing such risks have been recognized by several important organizations
and we believe addressing these matters is material to companies in the industry,"
stated William af Sandeberg, CEO and President of Första AP-fonden.
Marriottt has already begun employee awareness and training on this new policy
at all levels of the organization from the most senior level down to the front
line personnel through a variety of communications. Marriott is also taking
a leadership role in the International Business Leaders Forum that is working
on an industry-wide initiative to prevent child sex tourism. Marriott started
including in all pre-arrival email messages (20 million are sent by Marriott
each year to registered guests), the Responsible Tourist and Traveller brochure
developed by the United Nations World Tourism Organization which includes a
message about not engaging in child sex tourism since it is a crime. Additionally,
Marriott has encouraged all their sites to look for specific partnerships to
address this issue within the communities that they are working including youth
employment training programs.
"As faith-based investors, who are also involved on the ground in prevention
efforts and in the after care of children who have been abused in many of these
countries, we believe that the tourism industry can play a critical role in
preventing this egregious human rights violation," commented Rev. David
M. Schilling, director, Global Corporate Accountability Program, Interfaith
Center on Corporate Responsibility (ICCR) in New York City. "This is such
a critical issue for ICCR members that we will be expanding our efforts to engage
other hotel chains, travel agencies and airlines over the next few years."
The shareholder group will continue to encourage Marriott to expand their efforts
in this area and monitor the implementation of their policy. The group believes
Marriott has taken a huge step in adopting appropriate policies and procedures
to address the exploitation of children within their sphere of influence.
For the updated human rights policy and a summary report on Marriott's work
on this issue, go to: http://ir.shareholder.com/mar/downloads/HumanRights.pdf.
For more information about this initiative, please contact David Schilling,
Interfaith Center on Corporate Responsibility at (212) 870-2928 or dschilling@iccr.org
or Lauren Compere at Boston Common Asset Management at (617) 720-5557 or lcompere@bostoncommonasset.com
or Carina Silberg, GES Investment Management Services at +46 (8) 787 9910 or
carina.silberg@ges-invest.com .
Why are shareholders concerned over this issue;
Each year more than two million children are exploited in the global commercial
sex trade, some of them as young as five years old, with the average age of
14. Child sex tourism (CST) is the practice of foreigners sexually exploiting
children in another country. It is an organized multi-million dollar industry
(includes tour guides, websites and brothel maps). Problem countries include
Cambodia, Thailand, Costa Rica, Mexico, Dominican Republic, Brazil, India and
others. At least 32 countries have extraterritorial laws that allow the prosecution
of their citizens for CST crimes committed abroad including the U.S. The risk
of being used as a mean by CST perpetrators, but also the central role of travel
professionals in preventing such risks have been recognized by several important
organizations including the International Labor Organization (ILO), the International
Hotel & Restaurant Association (IH&RA) and the Office to Monitor and
Combat Trafficking in Persons under the US Department of State. All these institutions
have issued reports or statements suggesting that tourism areas may be a source
for aggravated demand for child prostitution.
About Första AP- fonden
Första AP-fonden, AP1, the First Swedish National Pension Fund, is one
of five buffer funds in the reformed pension system whose mission is to ensure
future retirement pensions. At mid-year 2006 Första AP-fonden had assets
of SEK 188.2 billion (USD 27 billion) under management. www.ap1.se
About Boston Common Asset Management
Boston Common Asset Management is a full-service, employee-owned U.S. social
investment firm dedicated to the pursuit of financial return and social change.
www.bostoncommonasset.com
About GES Investment Services
GES Investment Services is Northern Europe's leading research and service provider
for Responsible Investments based on international guidelines on Environmental,
Social and Governance (ESG) issues. www.ges-invest.com
About the Interfaith Center on Corporate Responsibility
The Interfaith Center on Corporate Responsibility (ICCR) is a faith-based member
organization with over 275 institutional investors with a combined portfolio
value of about US$ 110 billion. www.iccr.org
<<
Back to Press Releases
|