DiNapoli has withdrawn two corporate shareholder resolutions after Best
Buy and Bed Bath & Beyond agreed to encourage their suppliers'
responsibility for workplace safety, human and worker rights and
DiNapoli is the trustee of New York's $152 billion pension fund for public workers.
The shareholder resolutions called for requiring
their main suppliers to publish annual disclosures on their workplace
practices using internationally recognized standards.
Best Buy says it will encourage 20 major suppliers
to produce regular reports and help them build management systems to do
it and also send letters to all its suppliers to encourage compliance.
Bed Bath & Beyond says it will add language to
its vendor compliance guides, for both domestic goods and imports,
encouraging socially responsible practices.
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