Shareholders Press Dillard’s for Sustainability Report
Little Rock, Ark., Nearly half of Dillard’s shareholders have approved a resolution urging the company to prepare a sustainability report, according to Christian Brothers Investment Services (CBIS), the lead sponsor of the shareholder resolution. The vote was taken in May but Dillard’s delayed the disclosure of the votes until its most recent quarterly report.
Nearly 2,000 companies—including a number of U.S. retail industry leaders—now release sustainability reports that disclose information about their environmental, social, and governance performance.
“Given the company’s current lack of disclosure and the fact that preparation of this report will provide shareholders with a more complete view of the company’s policies, especially related to the strength of its existing supplier code of conduct, we encourage Dillard’s to join the mainstream of retail-industry practices,” said Julie Tanner, corporate advocacy coordinator, CBIS.
Shareholders request that the Board of Directors issue a sustainability report to shareholders by March 31, 2008.