As You Sow (AYS), a shareholder activist group, was rebuffed last month in a move to curtail the use of Abbott Laboratories’ genetically modified organisms in its Similac Soy Isomil infant formulas. The defeat of the resolution marks the third year Abbott shareholders voted down an AYS effort to limit and/or label GMO ingredients by significant margins. This year’s resolution reportedly garnered only 3 percent of the shareholder vote.
Such nuisance resolutions fly in the face of the facts: GMOs have been found to be completely safe and, further, benefit the environment by increasing crop yields, thereby reducing the land area required for farming, as well as significantly reducing the need for pesticides. Try telling that to the AYS activists, whose 2015 Abbott resolution states:
Shareholders request the Board of Directors publish within six months, at reasonable cost and excluding proprietary information, a report on genetically engineered ingredients contained in nutritional products sold by Abbott. This report should list Abbott product categories that contain GMOs and estimated portion of products in each category that contain GMOs, and discuss any actions management is taking to reduce or eliminate GMOs from its products, until and unless long-term studies show that the genetically engineered crops and associated farming practices are not harmful to the environment, the agriculture industry, or human or animal health.
“The full story is that GMOs are having a significant environmental impact and no agency is monitoring for health effects,” fretted Margaret Weber, corporate responsibility director at the Congregation of St. Basil of Toronto, an AYS member, one year ago. “In fact, monitoring for health impacts is nearly impossible because in the US, where the vast majority of GMOs are grown and consumed, there is no labeling.” (more…)