Trillium Successfully Withdraws Land Rights Shareholder Proposal at PepsiCo
APRIL 2014 // BOSTON, MA: Trillium Asset Management (Trillium) is pleased to announce the successful withdrawal of our 2014 shareholder proposal at PepsiCo (NYSE: PEP) following the company’s public adoption of a zero tolerance policy for illegal activities in its supply chain regarding land displacements of any legitimate land tenure holders. Trillium co-filed this shareholder proposal with Oxfam America requesting that the company address land rights issues throughout its supply chain. As the demand for sugar cane increases, there is concern over large-scale land grabs in developing countries that evict traditional farmers through coercion or fraud. Oxfam’s leadership and …
Recent Comments