June 15, 2015
Following Exposé, Costco Presented with Shareholder Proposal Urging Disclosure on Risks Related to Animal Mistreatment in Company’s Supply Chain
The Humane Society of the United States, a Costco stockholder, has filed a shareholder proposal urging the company to disclose what financial risks might endanger investors as a result of animal mistreatment in its grocery supply chain.
The proposal, available here, outlines the financial hazards of being linked to animal mistreatment and follows a recent HSUS undercover exposé that unearthed mistreatment and food safety problems at a major Costco egg supplier. The footage aired on ABC’s Nightline—showing birds locked in cages with mummified corpses of their dead cage-mates—and prompted an inquiry from U.S. Sen. Richard Blumenthal, ranking member of the Senate Commerce Subcommittee on Consumer Protection.
"Costco has been plagued by animal mistreatment in its supply chain,” says Humane Society of the United States senior food policy director Matthew Prescott. “At the very least, shareholders deserve to understand how this issue might endanger their investments, and our proposal would help provide that understanding.”
Media Contact: Vincenza Previte, email@example.com, 240-551-9092.