New York Joins ESG Battle Against Tyson After Virus Outbreak
- State’s pension fund wants end to dual-class share structure
- ESG investors are pressuring Tyson after workers caught Covid
Photographer: Daniel Acker/Bloomberg
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New York state has joined investors managing trillions of dollars in pressuring Tyson Foods Inc. to improve its practices after slaughterhouses became coronavirus hot spots last year.
The state’s pension fund wants America’s top meat producer to end a dual-class share structure that has effectively insulated the company from having to answer its shareholders over the coronavirus crisis, according to a proposal filed by New York State Common Retirement Fund that will be discussed next month at Tyson’s annual general meeting..