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October 5, 2021, New York, New York – Fifteen members of the Interfaith Center on Corporate Responsibility (ICCR) drew support from 43.9% of the shareholders of Smith & Wesson for a proposal that the gun manufacturer adopt a comprehensive human rights policy in light of rising gun violence in the United States.
The Adrian Dominican Sisters, represented by Sister Judy Byron, OP, were the primary filers of the proposal. Fourteen faith-based organizations from ICCR co-filed.
In a press release, ICCR noted that this amount of support from shareholders – compared to 39% support for a similar proposal in 2019 – “demonstrates shareholders’ mounting concern with the company’s lack of attention to the growing risks of gun violence.” The proposal calls on Smith & Wesson to include in the policy “a description of the processes the company will use to identify, assess, prevent, and mitigate adverse human rights impacts.”
“Undisputedly, something must be done about the misuse of guns in our country,” Sister Judy said in her September 27, 2021, Shareholder Statement. “As a leading firearms manufacturer we genuinely believe Smith & Wesson has the knowledge and the expertise to engineer the solutions we need to reduce gun violence and save lives.”
A consultant to the Adrian Dominican Sisters’ Portfolio Advisory Board, Sister Judy went on to note that the intention of the proposal is not to put Smith & Wesson out of business or to abolish the Second Amendment. “We seek to make the business, the products, and the consumers who buy them, safer,” she said. “We seek – as everyone here must surely do – to save lives.”
May 4, 2018, Prescott, Arizona – Sister Judy Byron, OP, and other faith-based investors, have struggled for years to end the mass shootings and other forms of gun violence brought on by easy access to guns. Now, Sister Judy – Director of the Northwest Coalition for Responsible Investment and consultant for the Adrian Dominican Sisters’ Portfolio Advisory Board – will continue that struggle at the May 9 annual meeting of Sturm Ruger & Company. Stockholders will vote on a resolution written by faith-based investors to request that the weapons company be upfront about its efforts to lessen gun violence.
Read more about the efforts of Sister Judy and other faith-based investors in this article by Claudia Koerner on BuzzFeed News.
By Sister Judy Byron, OP
Director of the Northwest Coalition for Responsible Investment
Miriam Webster defines a tipping point as “the critical point in a situation, process, or system beyond which a significant and often unstoppable effect or change takes place.” Are we at a tipping point on the issue of guns in the United States? With each passing day, the evidence would seem to be a resounding “Yes!”
On March 29, faith based investors released an Investor Statement on Gun Violence, endorsed by more than 140 investors representing $634 billion in assets, calling on gun manufacturers, retailers, and distributors, as well as companies with financial ties to these industries, to “review their operations, supply chains and policies and take meaningful action on this public safety concern.”
The members of the Interfaith Center on Corporate Responsibility (ICCR) and the Adrian Dominican Sisters have a long history of promoting peace through shareholder advocacy. We began in 1971 by addressing apartheid in South Africa, and continued by working with weapons’ manufacturers to use ethical criteria for sales to foreign governments and by leading an investor campaign against graphic violence in video games.
Responding to the increasing number of incidents of gun-related violence year after year, I convened my colleagues at ICCR in 2016 to address gun manufacturers and retailers on their role in the gun violence epidemic. As shareholders in American Outdoor Brands, Sturm Ruger and Dick’s Sporting Goods, we quietly worked on letters and resolutions, and then the tragedy at Marjory Stoneman Douglas High School occurred on February 14. Four days later, ICCR shareholders were swept up into the activist movement that has become known as #NeverAgain. Our children are leading us to end gun violence in our country, to ensure safety in their schools, neighborhoods, homes, and churches.
Adam Kanzer, of Domini Impact Investments, had the last word in the ICCR Press Release announcing our Investor Statement on Gun Violence, “The bravery and eloquence of the Parkland students has brought us to a tipping point on this issue. Today, we are asking investors and corporations large and small to take a hard look at their connections to gun violence and do what they can to restore peace and safety to our communities. We hope that our recommendations will serve as a blueprint for these actions.”
It is our hope that you are finding yourself asking, “What can I do as an individual to end gun violence in our country?” We leave you with a few suggestions:
Portfolio Advisory Board, Adrian Dominican Sisters | 1257 E. Siena Heights Drive | Adrian, Michigan 49221
Phone: (517) 266-3523 | Email: