Responsible Investor

over violations of freedom of expression in China by disclosing user information about a journalist that led to his imprisonment. However, it noted that Yahoo! was participating in an initiative with NGOs and other internet technology companies to produce human rights guidelines.
Two companies on the AP engagement list, Chevron and Halliburton, showed positive engagement development. The funds said Halliburton had been removed from its watch list after it met the funds’ engagement objectives. Halliburton was investigated over bribery allegations in Iraq and Nigeria contrary to the UN Convention against Corruption. The AP funds said the company had “clarified its policy” and would comply with international guidelines.

Chevron, which remains on the AP watch list, has been associated with violations of human rights in Nigeria contrary to the UN Basic Principles on the Use of Force and Firearms by Law Enforcement Officials.
The AP funds said Chevron had adopted a framework on human rights and the work of security personnel. The funds said they now awaited a report from Chevron on its implementation.
Carl Rosén, chairman of the ethical council, said: “This dialogue is the Ethical Council’s most important tool for encouraging companies to act responsibly. Our discussions are aimed not only at pressuring the companies in question to address documented violations. As long-term investors we also want to see them implement preventative systems to avoid similar violations in the future.”
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