Campaign update: Woolworths investors withdraw shareholder resolution
We are pleased to provide you with an update regarding the proxy advisory that we circulated concerning Woolworths (ASX:WOW) earlier this month from the National Union of Workers (Australia), which was supported by the Australian Council of Trade Unions (ACTU).
The LUCRF Super (National Union of Workers superannuation fund) and the Australian Centre for Corporate Responsibility (ACCR) withdrew the two shareholder resolutions they filed after the company agreed to release a public statement to the Australian Stock Exchange. The statement commits the company to:
- Work collaboratively with the National Union of Workers (NUW) to ensure that labour-hire providers operating within Woolworths’ direct fresh food supply chain comply with labour and human rights standards
- Support workers in accessing a grievance mechanism, protection if they report human rights violations and education on workplace rights - including their right to join a labour union.
Investor pressure was a key element in securing this victory for supply chain transparency and accountability.
READ WOOLWORTHS’ STATEMENT TO THE AUSTRALIAN STOCK EXCHANGE
