Resolution at ConAgra Foods
MMA, along with the Basilian Fathers of Toronto, has co-filed a resolution at ConAgra on the issue of its food supply chain security and sustainability. ConAgra is a leading food processor and the owner of many branded food items such as Healthy Choice, Banquet, Blue Bonnet, and Swiss Miss.
The resolution requests that ConAgra’s Board of Directors report to shareholders within six months the measures they have taken to ensure the long-term sustainability of the company’s supply chain. In the last few years, many issues have surfaced regarding the safety of the global food supply, including outbreaks of e-coli bacteria in spinach and frozen hamburger in the US and poisoned pet food and seafood from China. Other challenges for the food industry include the competing use of food crops for bio-fuels, severe droughts and water scarcity in key farming regions, and rising prices for fossil fuel inputs.
Unlike many companies that have begun working collaboratively with MMA and other shareholders to address some of these concerns, ConAgra has not yet communicated their thoughts on these issues or shown a willingness to converse with shareholders about them. We hope to initiate a dialogue by filing this resolution.