ICCR Members Launch Sustainability Campaign at Wal-Mart Stores, Inc.

NEW YORK CITY, NY///March 25, 2005///ICCR Member the General Board of Pension and Health Benefits of the United Methodist Church today launched a campaign urging Wal-Mart shareholders to vote for proposal number 5 on the company's annual proxy statement, which asks that Wal-Mart's Board of Directors prepare a sustainability report.

Sustainability is a business model that instructs companies to take into consideration the needs and interests of various stakeholders while concurrently sustaining their business, communities, and the environment for future generations. Sustainability also entails measuring and reporting corporate performance against economic, social and environmental criteria. The General Board and the 30 other ICCR filers are concerned about Wal-Mart's lack of coherent transparency and openness in public reporting on social, economic and environmental issues.

To read the General Board's appeal letter, click here. For the full text of the General Board's proposal, as well as the list of institiutions that co-filed the resolution in support of the Church, click here. In addition, nine ICCR members filed a shareholder resolution calling on the company to disclose its Equal Employment Opportunity data; to view this resolution and its filers, click here.

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