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Bipartisan lawmakers urge SEC to review Unilever documents over Ben & Jerry's boycott in Israel

29 November 2021
2459
2 min.
10
Bipartisan lawmakers urge SEC to review Unilever documents over Ben & Jerry's boycott in Israel

Ben & Jerry's in Israel

A group of bipartisan lawmakers from the House of Representatives is urging Securities Exchange Commission (SEC) to investigate Ben & Jerry the parent company's regulatory reports to shareholders must be set to reflect the potential risks of boycotting an Israeli company to investigate if there is a call.

A group led by New York State Representative Ritchie Torres sent a letter Friday from SEC Chairman Gary Gensler asking ice cream maker parent Unilever to take comprehensive steps to ensure compliance with SEC rules.

"We think that it's in interest of shareholders and consumers and the organisation, SEC need to take actions that are broken to take to ensure that the operation of Unilever fully with the appropriate U.S. rules and regulations. "Unilever, a state-owned company with the capital market at the moment bill $135 billion, threatening, institutions, pension funds and trusts that hold the shares belongto the authorized people," said the New York Post.

"We believe these actions will require the Securities and Exchange Commission (SEC) to amend Unilever's risk disclosure regulatory documents."

Torres is joined by Andrew Garbarino of New York, Josh Gottheimer of Pennsylvania and Brian Fitzpatrick of Pennsylvania.

In July, Ben & Jerry's announced it would stop selling its products in conflict zones, including the West Bank, which the company called "Palestinian Occupied Territories". In a statement, Ben Jerry's said: "The decision was about resolving the conflict between Israeli-Gaza. Products sold in these areas are not "compatible" with Ben & Jerry's values."

Unilever cites a year-old trade agreement that "recognizes the right of brands and their independent governments to determine their social functions."

More than 30 states have banned public pension funds or the issuers of public contracts to companies boycotting Israel, some responding to Ben & Jerry's' boycott of Israel by withdrawing pension funds from Unilever.

Persons5 and Companies5 in the news

Member of the United States House of Representatives
1 place
Member of the United States House of Representatives
2 place
Member of the United States House of Representatives
3 place
Member of United States House of Representatives
4 place
Chairman of Unined States Securities and Exchange Commission
5 place
Ben & Jerry’s
1 place
Unilever
2 place
New York Post
4 place
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