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Chevron will pay more attention to Myanmar violence, after deal with investor group

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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

Rohingya refugees from Myanmar carry their belongings as they flee violence. Picture: GALLO IMAGES/AFP/KM ASAD

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. Joshua Brockwell, investment communications director at Virginia-based Azzad, which describes itself as"a faith-based socially responsible investment firm offering halal investment portfolios," said the agreement"demonstrates positive steps forward after years of dialogue".

 

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