Oxfam, the AFL-CIO, Trillium Asset Management and several other investors today filed a formal shareholder resolution urging PepsiCo to account for land rights violations in its supply chain. A recent investigation by Oxfam revealed that companies supplying sugar to PepsiCo and its franchisees have been implicated in violent land grabs, pushing small farmers off their land and undermining their livelihoods.
33 investors representing more than $1.4 trillion in assets have issued a statement to companies in support of Oxfam’s Behind the Brands campaign and more than 250,000 people have already signed petitions urging PepsiCo to declare zero tolerance for land grabs. This month, Coca-Cola responded to the campaign by declaring “zero tolerance” for land grabs and committing to steps to prevent land conflicts in its supply chain. So far PepsiCo and Associated British foods have yet to address the issues highlighted by Oxfam’s report, Nothing Sweet About It.
See full Press Release: http://www.oxfam.org/en/grow/pressroom/pressrelease/2013-11-22/oxfam-files-shareholder-resolution-urging-pepsico-address-land-grabs
Posts
