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Comptroller William C. Thompson, Jr. issued the following statement regarding today’s vote on the New York City Pension Funds’ shareholder resolution addressing anti-union violence in Colombia at Coca-Cola’s annual shareholder meeting in Wilmington, Delaware:

“While an International Labor Organization (ILO) assessment of labor practices in Coca-Cola’s Colombian affiliate plants could be a good first step, it is not the same as an independent investigation of the specific criminal allegations of anti-union violence.  It is in the shareholders’ best interests that these specific allegations must be addressed and the issue resolved as soon as possible. Coca-Cola should ensure that its Colombian bottling affiliate has not been abusing workers’ human rights.  There are still many unanswered questions about the scope of the ILO inquiry, and it is for this reason that we will continue to pursue this issue.”

Comptroller Thompson filed the Coca-Cola resolution in January 2006 on behalf of the New York City Pension Funds.

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