Companies Faced with Resolutions from Religious Orders

September 11, 2000

Source: Star Tribune

On September 11, 2000, the Star Tribune reported that this year "General Electric, Wal-Mart, Merck Pharmaceuticals, Exxon-Mobil and many other corporations were confronted with shareholder resolutions offered by religious orders...Diane Bratcher, a spokeswoman with the Interfaith Center on Corporate Responsibility, which coordinates many such resolutions, said her organization has grown to 275 member groups with $110 billion of investments. They represent Catholic, Protestant and Jewish denominations, though some city and union pension funds also are affiliated, she said...The interfaith center began with a Protestant bent, but most of its growth has come from Catholic orders, Bratcher said. About 200 of its member organizations are Catholic, she said."