When New York City Mayor Michael Bloomberg issued his diktat against 20-ounce soft drinks earlier this year, the negative public outcry was tremendous.
Now comes the Interfaith Council on Corporate Responsibility with proxy shareholder resolutions aimed at PepsiCo, the parent company of Pepsi Cola, Tropicana, Quaker Oats, Frito Lay and Gatorade. At issue is PepsiCo’s freely acknowledged use of genetically modified organisms in several of its products.
Apparently the ICCR takes umbrage with GMOs and, by extension, PepsiCo’s use thereof. The ICCR proxy resolution calls for PepsiCo to label all products containing GMOs.
Trouble is ICCR fails to make its case against the use of GMOs other than a list of studies offering inconclusive evidence. Additionally, ICCR doesn’t provide any theological underpinnings for its objections other than the shareholders’ respective religious affiliations.
The ICCR proxy resolution prompted Paul Boykas, PepsiCo vice president of Global Public Policy and Federal Government Affairs, to respond in a detailed letter on March 19. In his letter, Boykas states: (more…)