Chevron Corp will put a focus on human rights in Myanmar under an agreement with...
BOSTON/HOUSTON - Chevron Corp will put a focus on human rights in Myanmar under an agreement with an investor group that had urged it to pay more attention to violence in the Asian nation where the U.S. oil company has operations.
Azzad Asset Management, an activist investor that submitted a shareholder resolution calling on Chevron to report on its business with governments complicit in genocide or crimes against humanity, agreed to withdraw the proposal, according to a copy of the agreement viewed by Reuters. Joshua Brockwell, investment communications director at Virginia-based Azzad, which describes itself as “a faith-based socially responsible investment firm offering halal investment portfolios,” said the agreement “demonstrates positive steps forward after years of dialogue.”
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