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Investing in Animals: PETA’s Shareholder Resolution Campaign

Investing in Animals: PETA’s Shareholder Resolution Campaign

“The People for the Ethical Treatment of Animals (PETA) filed 11 animal welfare related proposals this year, making a total of 125 proposals filed at nearly 50 different companies since 2005.”
—As You Sow Foundation, Proxy Preview 2010

In our unending quest to find new and innovative ways to help animals, PETA now owns stock in more than 80 top meat producers, clothing retailers, fast-food and grocery chains, and companies that test on animals. We’ve obtained the stocks either through donations from members or the direct purchase of shares. As a shareholder in these companies, PETA has the right to submit resolutions urging them to improve conditions for the animals they raise, kill, or use in other ways.

PETA’s resolutions (and the statements that we read in support of them at the companies’ annual meetings) use graphic language to inform other shareholders about the connection between their investments and the abuse of animals—and they are always accompanied by equally damning news releases. As a result, companies often prefer to negotiate with PETA in an effort to get us to withdraw the resolution or forgo the annual meeting. Using this tactic, PETA has won major concessions in behalf of animals from a wide variety of companies. And when we aren’t able to negotiate the withdrawal of a resolution, our efforts have still helped animals by using media coverage to shed light on the abuse that takes place behind these industries’ closed doors.

Read more about PETA’s ongoing shareholder resolution campaign.