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PACE, Others Hold ExxonMobil Accountable on ILO’s Work Rights

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31 July, 2005

US affiliate PACE, together with national center AFL-CIO and a host of other ExxonMobil shareholders convinced the Texas-based company to include a statement of intent to uphold the ILO’s Declaration on Fundamental Principles and Rights at Work in its 2004 Corporate Citizenship Report. The union, Amnesty International and other socially concerned stockholders, owning an accumulative 7.2 million shares, agreed to withdraw a shareholder proposal mandating the firm to adopt a workplace human rights policy based on the 1998 ILO Declaration.