From Coalition of Immokalee Workers <[email protected]>
Subject New Wendy's Shareholder Resolution Gaining Momentum
Date March 31, 2021 4:40 PM
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Will investors hold them accountable? 2021 shareholder resolution seeks facts on whether, and how, Wendy's enforces its Supplier Code of Conduct... Financial Times: Responsible investment organization ShareAction calls Wendy's shareholder resolution a "high quality, high impact" proposal, one of "13 most important ESG resolutions” of 2021... Acting Chair of SEC: "This last year has helped to clarify why the perceived barrier between social value and market value is breaking down... Human capital, human rights, climate change – these issues are fundamental to our markets, and investors want to and can help drive sustainable solutions on these issues." John, This spring, Wendy's annual shareholder meeting will not be the same sleepy, scripted exercise in self-congratulation that it has been since farmworkers and allies from the Campaign for Fair Food first addressed Wendy's shareholders nearly eight years ago. Instead, this year's annual meeting will set the stage for a dramatic new development in the growing consumer -- and investor -- movement for real, measurable social responsibility: A brilliant new shareholder resolution, filed by the Franciscan Sisters of Allegany, has made its way onto the ballot for a vote, and its call for Wendy's to back up its claims of human rights compliance in its supply chain with real data is turning heads and gaining support in the world of responsible investment! And all of this is happening precisely at the moment when the investment world is undergoing a sea change -- with powerful new currents pushing for meaningful corporate action on issues ranging from climate change to human rights -- placing the Fair Food Program, and the new Wendy's shareholder action, at the leading edge of this rising wave of "ESG" investment (investment focusing on environmental, social, and governance issues). This is a developing story, one we will be following closely in the weeks ahead. Today we will take a closer look at the shareholder resolution itself, at the support it has already garnered straight out of the gate, and at the changing zeitgeist in the broader investment world into which the resolution has landed. In Part Two of our coverage, we will look at Wendy's unsuccessful efforts to keep the resolution off the ballot and at some of the truths about Wendy's social responsibility claims already revealed in that process. And as the shareholder meeting -- and the vote -- approaches in the coming weeks, we will share news of the growing campaign around the resolution, which is already shaping up to be one of the leading topics of conversation in the 2021 shareholder meeting season. CONTINUE READING: The investment world awakens: "Human capital, human rights, and climate change -- these issues are fundamental to our markets..." Coalition of Immokalee Workers (239) 657 8311 | [email protected] | www.ciw-online.org Connect with us ‌ ‌ ‌ ‌ Coalition of Immokalee Workers | 110 S 2nd St, Immokalee, FL 34142 Unsubscribe [email protected] Customer Contact Data Notice Sent by [email protected] powered by Try email marketing for free today!
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