|
Trending Topics
|
Source: https://nypost.com/2021/07/23/ny-pension-fund-puts-unilever-on-notice-for-ben-jerrys-sales-ban/
NY Pension Fund Puts Unilever on Notice over Ben and Jerry's Sales Ban
(New York Post) Will Feuer - The $255 billion New York State Common Retirement Fund informed Unilever on Friday that it might restrict its investments in the company because of Ben & Jerry's announcement. Liz Gordon, the fund's executive director of corporate governance, noted that the fund has a policy of restricting investments in companies involved in the anti-Israel BDS movement, and reports suggest that "Ben & Jerry's, a Unilever wholly-owned subsidiary, is involved in BDS activities.... Companies that engage in BDS activities may face legal, reputational and financial risks." According to the fund's most recent annual report, it has $73 million invested in Unilever. Florida state CFO Jimmy Patronis, who controls public pension funds for the state, sent his own letter to Ben & Jerry's CEO Matthew McCarthy on Thursday. He notified the company that its announcement "may result in your business being placed on Florida's Scrutinized Companies that Boycott Israel List pursuant to Florida Statutes."