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A new shareholder proposal could force Levi Strauss to take a hard look at the return on investment behind its sustainability efforts
Published 1 month ago
Description
At Levi Strauss's annual meeting, shareholders had the opportunity to amend the company’s bylaws in order to create an audit committee to oversee Levi’s sustainability commitments. Proposal 4, submitted by the National Center for Public Policy Research’s Free Enterprise Project, requests that Levi Strauss create an audit committee that would at minimum be “assessing annually the extent to which the corporation’s sustainability initiatives have been authorized and maintained on the basis of expected value and return-on-investment calculations.” Steve Milloy, Executive Director of the Free Enterprise Project at the National Center for Public Policy Research, joins Newell to talk about it.