City Comptroller John Liu called on tech giants Dell, Intel, and Motorola to increase their manufacturers’ compliance with human rights standards.
The New York City Pension Fund is one of the largest shareholders in many of these tech companies, and plan to bring the measure to a resolution at the next shareholder meeting unless a deal can be worked out before then.
“Violations of human and workers’ rights, even if by their suppliers, pose operational and reputational risks that these companies cannot ignore,” Mr. Liu said. “As long term investors we must be concerned about financial risk as well as alignment with basic values. We have a responsibility to ensure that the profits and products that result from free trade are not created by the exploitation of workers in sweat shops, child labor, indentured slavery or other violations of human rights.” Read More