We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Yum Brands Inc | NYSE:YUM | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.67 | -0.50% | 134.40 | 136.00 | 133.92 | 135.88 | 1,555,304 | 20:42:59 |
WILMINGTON, Del., March 3, 2021 /PRNewswire/ -- The Shareholder Commons announced today that Yum! Brands (NYSE: YUM, the "Company") has agreed to provide comprehensive reporting on the systemic effects of the use of antibiotics in its supply chain by the end of 2021. Paul Rissman, a long-time shareholder of the Company, worked with The Shareholder Commons, a non-profit organization that seeks to shift the paradigm of investor thinking towards a systems-first approach, to submit a shareholder proposal earlier in the year. Rissman and The Shareholder Commons have now withdrawn their proposal on the same matter in recognition of the agreement.
The agreement with The Shareholder Commons requires the Company to:
"Antimicrobial resistance is a complex challenge which requires action by governments, NGOs, and corporations," said Professor Dame Sally Davies, Master of Trinity College, Cambridge University. "We are all happy to see Yum! take this important step and hope to see more companies begin to align their AMR strategies explicitly with the needs of the global health system and planet."
"While U.S. securities laws require companies to disclose matters that are material to their own financial performance, there is no requirement that companies report their impacts on the economy or shareholders who hold diversified portfolios that depend on broad economic performance," said Frederick Alexander, CEO of The Shareholder Commons. "We are excited to see Yum! become the first public company to agree to disclose its impact on the broad economy and diversified shareholders."
AMR threatens global health by reducing antimicrobial drugs' effectiveness. If the current trend continues, humanity will experience a reversal of the public-health gains of the past century and the economic growth, development, and poverty reduction these gains enabled. According to studies by the World Bank and the UK government, AMR could cause up to 10 million deaths per year by 2050. In addition to this staggering loss of life, AMR may decrease global GDP 3% by 2030, and almost 4% by 2050, amounting to economic losses by 2050 of $54 trillion in today's dollars.
"Yum! looks forward to further collaboration on this important issue," said Jon Hixson, Yum! Chief Sustainability Officer and Vice President of Government Affairs. "We remain committed to playing a positive role when it comes to the responsible and judicious use of antimicrobials and decreasing antimicrobial resistance."
"I am a long-time investor in Yum!, but I also have diversified holdings, and so do my children. More importantly, we all live on the same planet. I'm thrilled to see that Yum! recognizes that its practices affect everyone, and not just its shareholders," said the proponent, Paul Rissman, co-founder of Rights CoLab.
The Shareholder Commons is supporting multiple proponents in filing shareholder resolutions with a beta-activist lens, which involves looking for opportunities for shareholder activism that can influence corporate behavior with respect to social and environmental systems that affect the economy as a whole. The full list of current shareholder resolutions and votes is available at https://theshareholdercommons.com/beta-activism/.
About the Shareholder Commons
The Shareholder Commons is a non-profit organization that seeks to shift the paradigm of investor thinking away from a narrow and harmful focus on individual company value towards a systems-first approach to investing that better serves beneficiaries. Learn more at https://theshareholdercommons.com/.
Media Contact:
Dmitriy Ioselevich
17 Communications
dmitriy@17c.org
View original content:http://www.prnewswire.com/news-releases/the-shareholder-commons-announces-withdrawal-of-shareholder-proposal-after-yum-brands-commits-to-disclose-systemic-costs-of-antibiotic-use-301239878.html
SOURCE The Shareholder Commons
Copyright 2021 PR Newswire
1 Year Yum Brands Chart |
1 Month Yum Brands Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions