Press Releases

On May 19, 2019 the Appellate Division of the Bangladesh Supreme Court accepted an agreement negotiated by the Accord on Fire and Building Safety (Accord) Steering Committee and the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) with the endorsement of the Government of Bangladesh. The agreement enables the Accord to operate in Bangladesh for one […]

  SHAREHOLDERS APPLAUD MADISON GAS AND ELECTRIC FOR NEW GOAL OF NET-ZERO CARBON ELECTRICITY Wisconsin utility shows leadership in adopting de-carbonization targets in alignment with the Taskforce on Climate-Related Financial Disclosure (TCFD).   NEW YORK, NY, Wednesday, May, 15th, 2019 – Shareholders of Madison Gas and Electric (NASDAQ: $MGEE) and members of the Interfaith Center […]

High vote behind shareholder proposal seen as a strong call to address human rights risks. NEW YORK, NY, Wednesday, May 15th, 2019 – At today’s annual meeting for Northrop Grumman, preliminary calculations of approximately 31% of shareholders cast votes in favor of a resolution calling for a report on how the company is implementing its […]

  MAJORITY ACTION AND INTERFAITH CENTER ON CORPORATE RESPONSIBILITY RESPOND TO STURM RUGER’S ANNUAL MEETING   WASHINGTON — Eli Kasargod-Staub, executive director of Majority Action, a nonprofit organization that empowers shareholders to hold corporations accountable to high standards of corporate governance, social responsibility, and long-term value creation, and Josh Zinner, CEO of the Interfaith Center […]

Proposal requesting report on company’s measures to ensure proper implementation of its human rights policy receives majority shareholder support.  At today’s annual meeting of shareholders of GEO Group, one of the country’s largest private correctional/detention facilities, a proposal sponsored by religious investors and members of the Interfaith Center on Corporate Responsibility (ICCR) highlighting concerns around […]

Sturm Ruger Statement inaccurately defends the company’s record of failing to respond to investor concerns on protecting shareholder value and public safety    WASHINGTON — Today Majority Action and the Interfaith Center on Corporate Responsibility (ICCR)  responded to a shareholder letter from gun manufacturer Sturm, Ruger & Co. (Ruger) asking shareholders to retain their support […]

The first-ever shareholder vote on child sexual exploitation online received a 34-percent vote at Verizon’s annual meeting today, estimated at representing more than $50 billion in stock.  Speaking at today’s annual meeting, the proposal’s lead filer Tracey Rembert, director of Catholic Responsible Investments at CBIS, had this to say about today’s vote:  “The innovations and […]

Human/civil rights, gender pay equity and plans to curb GHG emissions among a group of nine proposals highlighting widespread environmental and social risks investors believe endanger shareholder value over the long term. A group of socially responsible investors, many of which are members of the Interfaith Center on Corporate Responsibility, today announced that they will […]

On the 6th anniversary of the Rana Plaza building collapse, global investors are concerned that the Accord’s future is in doubt, jeopardizing the safety of garment workers. NEW YORK, NY, Tuesday, April 23rd, 2019 – The Bangladesh Investor Initiative, a group of 190 global investors representing over $US 3 trillion in assets under management, released […]