Unitarian Universalist Service Committee
689 Massachusetts Avenue
Cambridge, MA 02139-3302
p 617-868-6600 | f 617-868-7102
More great news for the human rights to water! For the past few months, UUSC's Environmental Justice Program has been working with NorthStar Asset Management , a socially responsible wealth-management firm here in Boston, on a shareholder resolution  that requires PepsiCo to adopt a human-right-to-water policy for all of their domestic and international operations.
In 2003, PepsiCo’s license to operate in Puthussery, in
UUSC and NorthStar Asset Management have begun a dialogue with PepsiCo about adopting a human-right-to-water policy. We believe this is an important way for the company to show its commitment to respecting the human rights of people in the communities in which they operate and create a mechanism for monitoring the impact of its operations on access to water.
After PepsiCo refused to adopt such a policy, we decided to submit a resolution to PepsiCo shareholders so they could decide what good business practice is when it comes to water use. PepsiCo challenged this resolution with the Securities and Exchange Commission, but UUSC and Northstar prevailed. We will soon be presenting and speaking in support of this resolution at the PepsiCo annual shareholders meeting in
This does not mean the resolution will be passed, but it does mean that thousands of PepsiCo shareholders will read about the human right to water when the resolution is proposed. They will begin to understand that investing in companies like PepsiCo that threaten people's access to safe, sufficient, and affordable water for daily needs will become increasingly contentious.
On Wednesday in