Environmental group drops criticism of General Mills
An environmental group that wages shareholder resolution campaigns dropped a complaint against General Mills after the company acknowledged pesticides are a problem in food supplies and outlined steps to reduce their use.
The nonprofit As You Sow and Green Century Equity Fund last year sought to require the General Mills board of directors to regularly publish reports on the use of certain pesticides by the company’s suppliers. The resolution, voted on at its annual meeting in Minneapolis, received support from nearly one-third of its shareholders.
As You Sow filed a similar resolution in April for the upcoming shareholder meeting in September, but the group withdrew it this week after General Mills updated its language and website to address pesticide use in its supply chain. Read Full Article - StarTribune, August 15, 2019