May 19, 2021
Similar proposals will land at other companies, including American Express and Procter & Gamble.
Two shareholder proposals from the New York City comptroller regarding corporate diversity disclosure have won. They called on Dupont and Union Pacific to publicly disclose the makeup of their labor force by race, ethnicity, and gender.
The shareholder proposals mark the beginning of other similar bids that will make their way to company meetings later this year, New York City Comptroller Scott Stringer said Monday. Other firms targeted by the city retirement system include American Express and Procter & Gamble.
Both DuPont and Union Pacific were opposed to public diversity disclosures, despite declaring that they valued diversity last June, according to the city comptroller. Stringer, who is running for NYC mayor in the June primary, represents the New York City Employees’ Retirement System, Teachers Retirement System of the City of New York, and New York City Board of Education Retirement System.