Calvert, one of the largest "socially responsible" mutual fund managers in the U.S. has divested from from Weyerhaeuser citing concerns over Weyerhaeuser's violations of the human rights of Indigenous people in Grassy Narrows. Calvert manages over $13 billion dollars in funds. June 15, 2009.
Calvert had engaged with Weyerhaeuser over this issue for a number of years, submitting shareholder resolutions, and meeting with the company. In the end, Weyerhaeuser failed to meet Calvert's standard of respecting the right of Indigenous communities to free, prior, and informed consent over landuse decisions.
We will now reach out to other investors to encourage them to follow Calvert's lead and STOP INVESTING IN WEYERHAEUSER.
Read Calvert's statement
Read the article in the Kenora Daily Miner