Chevron will pay more attention to Myanmar violence, after deal with investor group
Azzad Asset Management had submitted a shareholder resolution calling on Chevron to report on its business with governments complicit in genocide or crimes against humanity
Boston/Houston — Chevron will 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 US oil company has operations. Chevron will undertake steps including social investment reviews in Myanmar's Rakhine State, donate to humanitarian organisations for Rohingya refugees, and help develop practices for companies operating amid risks of crimes against humanity, according to a letter signed by a company executive. 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. "Chevron appreciates Azzad's constructive engagement and commends them for recognising our actions related to human rights," Mary Francis, Chevron's governance officer who signed the letter, said i...
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