News and Archives

Ethical Funds targets BP and other companies for shareholder action

Ethical Funds has joined a coalition of investors calling on BP to conduct a risk assessment of a proposed oil drilling project in the Arctic National Wildlife Refuge in the Alaska. BP is part of a consortium of companies that have expressed interest in the project, which could affect damage sensitive wildlife and the livelihood of native peoples.

"Our shareholders have clearly indicated that environmental issues are their number one priority," said Robert Walker, Ethical Funds VP of SRI Policy and Research.

Ethical Funds is also the lead sponsor on a proposal with Bristol-Myers Squibb calling on the company to phase out polyvinyl chloride in packaging and flexible plastic equipment it manufactures. PVC is a source of dioxin, which is a known carcinogen and has been linked to many other human health problems.

The other resolutions include:

	Citigroup, environmental and human rights risk assessment
	Home Depot, human rights standards
	Johnson & Johnson, drugs for treatment of HIV/AIDS-TB-Malaria in Africa
	Kimberly Clark, PVC in health care products
	Kohl's Corp., human rights standards
	Merck & Co., drug pricing and low-income people
	Pfizer Inc., drugs for treatment of HIV/AIDS-TB-Malaria in Africa
	Pharmacia Corp., drug pricing and low-income people

For more information, visit Ethical Funds Inc.

Back to news and archives