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First ''100'' Shareholder-Sponsored Proxy Resolutions Filed by ICCR Members for 2006: Including McDonald's, GE, Lockheed, Anheuser-Busch & ChevronTexaco

First ''100'' Shareholder-Sponsored Proxy Resolutions Filed by ICCR Members for 2006: Including McDonald's, GE, Lockheed, Anheuser-Busch & ChevronTexaco

Published 12-13-05

Submitted by Interfaith Center on Corporate Responsibility (ICCR)

New York) - New York) - To date, 100 shareholder-sponsored proxy resolutions have been filed by Members and Associates of the Interfaith Center on Corporate Responsibility (ICCR) for 2006. Among the companies receiving resolutions are McDonald's, GE, Lockheed Martin, Anheuser-Busch, and ChevronTexaco. Issues addressed include health concerns regarding labeling of genetically modified foods; reporting on the impact of HIV/AIDS; environmental issues, including PCBs impact on the Hudson River; drilling for oil in protected areas; clean-up of Ecuador drilling sites; violence protection in the workplace; and concerns regarding manufacture of nuclear weapons.

The ICCR investor coalition -- 275 members with a combined market portfolio of more than $110 billion -- is a major force in bringing about advances in corporate governance, corporate social responsibility and economic justice through organized shareowner advocacy. Complete information on the 100 resolutions is available from EthVest, the ICCR's subscription-based ethical investor on-line database tracking shareholder-sponsored resolution activity.

"We are about half-way through the 2006 filing process for shareholder-sponsored resolutions," stated ICCR Executive Director Sister Patricia Wolf, "We anticipate another 100 to 200 resolutions will be filed by ICCR members focused on changing the policies and actions of Corporate America. Our 275 faith-based institutional investor members, along with our associates and affiliate members, use their combined investment assets to improve corporate social and environmental performance through shareholder advocacy, including addressing the HIV/AIDS pandemic, reversing global warming, and guaranteeing equal employment opportunity for all."

ICCR Shareholder-sponsored resolutions for 2006 include:
McDonald's Corporation (NYSE: MCD)
- "Genetically Modified Organisms - Label."
Lead filer: Adrian Dominican Sisters, Michigan. The resolution requests "...that the Board of Directors...adopt a policy to identify and label all food products manufactured or sold by the company under the company's brand names or private labels that may contain genetically engineered (GE) ingredients ... Millions suffer from mild to fatal food allergies. Without labeling, consumers have no way of protecting themselves from hidden allergens..."

General Electric (NYSE:GE) - "PCB Costs of Delay"
Lead filer: Sisters of St. Dominic of Caldwell, New Jersey. The resolution calls for "...the Board to report...its annual expenditures by category and specific site for each year 1990-2005, on attorney's fees, expert fees, lobbying, and public relations/media expenses, relating in any way to the health and environmental consequences of PCB exposures, GE's remediation, as well as expenditures on actual remediation of PCB contaminated sites...In support, the resolution states"...GE has disposed of at least 1.3 million pounds of PCBs into the Hudson River...and that the EPA designated 200 miles of the Hudson River as a Superfund site in 1984..."

"Supplier Code Implementation and Monitoring"
Lead Filer: Missionary Oblates of Mary Immaculate, Washington, DC. The resolution requests the "... GE Board of Directors to prepare a report...on the implementation of General Electric's Supply Chain Standards..." The Resolution states that the "...company has not provided shareholders and the public with sufficient information on its supply chain monitoring to be able to assess it performance in this important area...Some of the countries where GE has a presence have human rights abuses and unfair labor practices...alleged or are well documented..."

Lockheed Martin (NYSE: LMT) - "Inclusion & Violence in the Workplace"
Lead filer: Sisters of St. Francis of Philadelphia. The resolution calls on Lockheed "...to prepare a report addressing equal employment matters...a summary of the company's Affirmative Action policies and programs...' and a description of policies and programs "...which implement Lockheed Martin's strategy of "institutionalized inclusion" and correct and prevent allegations of discrimination and repeated incidents of violence in the LM workplace..."

"Nuclear Weapons -Depleted Uranium"
Lead filer: Sisters of Mercy, Detroit. The resolution requests "...the Board of Directors to make available to all shareholders...a written report on Lockheed Martin's depleted uranium and other nuclear weapons related involvement..." The resolution suggests that the report "...include... history of Lockheed involvement in management of nuclear weapons sites and production of DU (Depleted Uranium) weapons... In support the resolution states "...We believe corporations developing and producing weapons of mass destruction have a social and ethical responsibility to explain...company policies and decision-making processes which justify production of DU and radiation-related weaponry..."

Anheuser-Busch (NYSE:BUD) "HIV Reporting"
Lead Filer: CHRISTUS Health, Dallas. The resolution states: "Shareholders request that the Board review the economic effects of the HIV/AIDS, tuberculosis and malaria pandemics on the Company's business strategy...and report to shareholders...This report...will identify the impacts of these pandemics on the company... "

ChevronTexaco (NYSE:CVX) - "Drilling in Protected Areas"
Lead filer: Green Century Capital Management, Boston . The resolution requests "...that the independent directors of the Board of Chevron prepare a report...on the potential environmental damage that would result from the company drilling for oil and gas in protected areas...[including] national parks, monuments, and wildlife refuges (such as the Arctic National Wildlife Refuge), and World Heritage Sites..." In support, the resolution states that "...the Department of the Interior estimates that drilling in the coastal plain of the Arctic National Wildlife Refuge will displace or damage up to 40 percent of the Porcupine River Caribou herd...disturb ecosystems that support more than 130 species of migratory birds..."

"Cost of Cleanup Ecuador"
Lead Filer: Trillium Asset Management, Boston. The resolution states, "...requests that "... [ChevronTexaco] Board of Directors report...the company's annual expenditures ...1993 to 2005, for attorneys' fees, expert fees, lobbying, [etc.] relating in any way to the health and environmental consequences of hydrocarbon exposures and Chevron's remediation of Texaco drilling sites in Ecuador...In numerous press releases, Chevron has categorically denied that the contamination that remains from Texaco's drilling poses any risk to human health or the environment. In the shareholders opinion, Chevron is addressing these issues as a public relations problem rather than a serious health and environmental problem..."

More detailed information regarding these and other shareholder-sponsored resolutions is available from the Interfaith Center's EthVest (sm), the comprehensive, subscription-based, ethical investor database.

About ICCR: For 35 years the Interfaith Center on Corporate Responsibility has combined social values with investment decisions believing that as investors they must achieve more than an acceptable financial return. ICCR's 275 faith based member institutions include major church denominations, foundations, religious orders, healthcare systems and pension funds, currently, with a combined market portfolio of more than $110 billion.
About EthVest: Available online to investors by subscription, EthVest is an ethical investor resource provided by the Interfaith Center on Corporate Responsibility (ICCR). EthVest contains details on shareholder initiatives by faith-based and socially responsible investors, including complete texts and voting outcomes for more than 2,000 shareholder-sponsored resolutions. Resolutions are retrievable by targeted company name, stock ticker, calendar year of proxy vote and topic or issue. Subscribers also receive periodic updates containing timely news and information on ICCR shareholder activism, including newly filed resolutions and negotiated corporate actions. For information on EthVest contact: Kenneth Cynar, Governance & Accountability Advisors Inc., Tel: 516/248-2383 Fax: 516/248-4045, Email: kcynar@accountability-central.com

Interfaith Center on Corporate Responsibility (ICCR) logo

Interfaith Center on Corporate Responsibility (ICCR)

Interfaith Center on Corporate Responsibility (ICCR)

The Interfaith Center on Corporate Responsibility is a 35-year-old international coalition of 275 faith-based institutional investors including denominations, religious communities, pension funds, healthcare corporations, foundations and dioceses with combined portfolios worth an estimated $110 billion. ICCR seeks to build a more just and sustainable society by integrating social values into corporate and investor decisions. ICCR is one of the foremost shareholder advocacy organizations in the world. More detailed information about shareholder resolutions is available from ICCR's Ethvest (sm), the comprehensive, on-line, subscription-based, ethical investor database, www.iccr.org.

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