Religious investors challenge Wal-Mart, laud its diversity report

Published: 2006-04-17

NEW YORK (CNS) -- Just days after announcing four shareholder resolutions seeking several changes in Wal-Mart's corporate policies, the Interfaith Center on Corporate Responsibility in New York released a statement praising the retail giant for publishing detailed data on its minority hiring and promotion practices. "Wal-Mart today placed its entire EEO-1 report (an annual federal equal employment opportunity report) on walmart.com, setting a new standard in corporate transparency not only for retailers but for all Fortune 500 companies," said Sister Barbara Aires April 11. She is a member of the Sisters of Charity of St. Elizabeth in New Jersey, the order that filed a shareholder resolution calling on Wal-Mart to make its EEO-1 report public. "Although we may drop this resolution, we will continue our dialogue with management on shaping human resources policies that set new standards for openness and opportunity," she said.

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