Support retailer tobacco disclosure - S.E.C. petition

3 members

We are seeking to establish a requirement for retailers to disclose the proportion of revenue they generate from selling tobacco products. This disclosure will help investors assess the tobacco-related risks associated with retailers or avoid investing in retailers with excessive exposure to tobacco revenue.

Type
Engagement or initiative
Status
Ongoing
Deadline
30 November 2023
Contact
Steven Glass
Collaboration details

Pella is seeking support for pettition to the US Securities and Exchange Commission to require all company's operating in the Standard Industrial Classiciation codes listed below to disclosre their revenues from selling products that contain tobacco.

5122 (WHOLESALE-DRUGS, PROPRIETARIES & DRUGGISTS' SUNDRIES), 5141 (WHOLESALE-GROCERIES, GENERAL LINE), 5190 (WHOLESALE-MISCELLANEOUS NONDURABLE GOODS), 5331 (RETAIL-VARIETY STORES), 5399 (RETAIL-MISC GENERAL MERCHANDISE STORES), 5400 (RETAIL-FOOD STORES), 5411 (RETAIL-GROCERY STORES), 5412 (RETAIL-CONVENIENCE STORES), 5500 (RETAIL-AUTO DEALERS & GASOLINE STATIONS) 

Objectives

The SEC publish a CF Disclosure Guidance on the sale of tobacco product, whereby companies operating in relevant SIC codes are required to disclosure their revenue from the sale of products that contain tobacco.

Should the SEC not proceed with the primary object, we woulld be satisfied with a requirement for companies operating in the relevant SIC codes to disclose if they generate more than 10% of their revenue from selling products that contain tobacco.

Engagement focus

Created on
ESG theme
  • Social
ESG sub-theme
  • Public health
Sector
  • Consumer Discretionary
  • Consumer Staples
  • Health Care
Sustainable Development Goal
  • 3 - Good health & well-being
Geography
  • United States
Asset class
All
Asset class subcategory
  • Corporate (non-financial)
  • Environmental & social themed investing
  • Listed equity