By Jeremy Silva, Intern, International Labor Rights Forum
Dole Food Company Inc. released a $500 million initial public equity offering (IPO) today. By becoming a public company, Dole will be required to make its corporate governance more transparent and accessible to the public by providing institutional investors and individual shareholders with the opportunity to become stakeholders in Dole’s policies and practices worldwide. For concerned investors, Dole’s IPO represents an unprecedented opportunity to review and revise the more questionable policies of the company. This blog is the fourth blog in this series of exposing Dole and its history of labor rights violations. You can read the other blogs
here,
here and
here.
ILRF has taken this opportunity to engage with investors, NGOs, and unions to send a letter to Dole expressing our concerns related to its labor rights violations. The
letter was sent to Dole yesterday and included over 35 organizations including International Labor Rights Forum, CREA: Center for Reflection, Education and Action, Interfaith Center of Corporate Responsibility, Harrington Investments, and Domini Social Investments, Trillium Asset Management, and Green America. You can read the
press release here. An except of the letter is below:
"We would like
to take this opportunity to raise some of our human rights and labor rights
concerns in relation to Dole’s supply chain practices in hopes of contributing
to the future long-term success of Dole
as a responsible corporate actor. In addition to our concern for
those individuals affected by Dole’s activities, we are also concerned that alleged
breaches of workers’ rights throughout Dole’s corporate supply chain may impact
long term shareholder value.
"While Dole claims adherence to high social standards, we are concerned by credible
reports such as “The Sour Taste of Pineapple: How an Expanding Export Industry
Undermines Workers and Their Communities” and “A Valentine’s Day Report: Worker
Justice and Basic Rights on Flower Plantations in Colombia and Ecuador” by the
International Labor Rights Forum claiming that Dole has pursued management practices
that subject many of Dole’s workers throughout its global supply chain to sub-standard
working conditions."