Tri-CRI Encourages Vote FOR Water Policy Resolution at Tyson Foods
The Tyson Foods Annual General Meeting is coming up on February 9th and Tri-CRI encourages shareholders to vote FOR the resolution asking the company to adopt a “Policy to Address Water Impacts of Business Operations and Suppliers”. The American Baptist Home Mission Society is the lead filer and six ICCR members co-filed the resolution.
Overview of Water Risk and Resolution
Tyson Foods has a history of water contamination incidents at its facilities and among suppliers and contract farmers and its business is exposed to significant water risk. Meanwhile Tyson has no policy to comprehensively manage water stewardship. Proponents of this resolution share a common concern regarding the financial and reputational risks associated with water contamination from the company’s operations and its supply chain, and shareowners request that Tyson Foods adopt and implement a water stewardship policy that outlines leading practices to improve water quality for all company-owned facilities, facilities under contract to Tyson, and suppliers.
Please review the proxy memo hyperlinked below for our full rationale.