Two proposals at firearms companies are pending from faith-based investors. The Episcopal Church wants to see a report from Olin, a new recipient, “on the company’s activities related to gun and ammunition safety measures and the mitigation of harm associated with gun products.” The company makes ammunition and licenses the Winchester brand to a gunmaker.
Catholic Health Initiatives has returned to Sturm, Ruger, where a resolution about gun safety earned 68.8 percent in 2018 but missed a filing deadline last year after the company switched its annual meeting date. The proposal this year seeks a report “with the results of a Human Rights Impact Assessment...examining the actual and potential human rights impacts of Sturm Ruger firearms sold to civilians.” The company is arguing at the SEC that it concerns ordinary business.
Finally, SumOfUs has withdrawn a resolution to Visa about facilitating gun sales through its payment network, because the proposal arrived past the submission deadline. It asked for a report on the risks to Visa from mounting public scrutiny of the role played by credit card issuers and payment networks in enabling purchases of firearms, ammunition, and accessories used to commit crimes, including mass shootings, and the steps Visa is taking to mitigate those risks.”