| Wal-Mart has
done the right thing by amending its non-discrimination policy to
strengthen protections for gay and lesbian employees. In this day
and age, companies must ensure that all employees are treated equally.
I want to congratulate the Equality Project and all of those who
so passionately lobbied Wal-Mart to bar discrimination against gays
and lesbians. I am hopeful that Wal-Mart’s decision will be
a catalyst, and lead other Fortune 500 businesses to do the same.
My office, on behalf of New York City’s pension funds, has
sponsored resolutions calling for Fortune 500 companies to amend
their policies to include non-discrimination based on sexual orientation.
I am heartened that a number, including Cracker Barrel, Fed-Ex,
and J.C. Penney, have since changed their policies. However, I am
disappointed that ExxonMobil is the sole holdout among the top 10
companies within the Fortune 500.
Later this year, I will again seek approval from the trustees of
New York City’s pension funds to call on ExxonMobil to adopt
a policy that specifically bars discrimination based on sexual orientation.
Support has been growing to back this measure: In May, 27.1 percent
of ExxonMobil shares were voted in support of such a resolution
sponsored by the New York City Employees Retirement System (NYCERS).
That represented a 15 percent increase over the previous year.
This is an important human rights issue. We will continue to pursue
this for as long as it takes.
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