Little Rock, Ark., Nearly half of Dillardâ€™s shareholders have approved a resolution urging the company to prepare a sustainability report, according to Christian Brothers Investment Services (CBIS), the lead sponsor of the shareholder resolution. The vote was taken in May but Dillardâ€™s delayed the disclosure of the votes until its most recent quarterly report.
Nearly 2,000 companiesâ€”including a number of U.S. retail industry leadersâ€”now release sustainability reports that disclose information about their environmental, social, and governance performance.
â€śGiven the companyâ€™s current lack of disclosure and the fact that preparation of this report will provide shareholders with a more complete view of the companyâ€™s policies, especially related to the strength of its existing supplier code of conduct, we encourage Dillardâ€™s to join the mainstream of retail-industry practices,â€ť said Julie Tanner, corporate advocacy coordinator, CBIS.
Shareholders request that the Board of Directors issue a sustainability report to shareholders by March 31, 2008.