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TWO RELIGIOUS groups that own a large number of shares in Kimberly-Clark Corporation are asking the manufacturer of health, hygiene, and hospital products to get out of the tobacco business.
The groups, the Congregation of the Sisters of Charity of the Incarnate Word, in Houston, Tex, and the Redemptorists of St Louis, Mo, are sponsors of a shareholder resolution calling on the company's management to "spin-off all tobacco business."
Tobacco Program Project
In addition to the 70000 company shares owned by the two groups, hundreds of thousands of additional shares are owned by other religious organizations that are members of the Interfaith Center on Corporate Responsibility (ICCR), New York, NY. As part of its Tobacco Program Project, the center has been conducting a "Kleen Out Tobacco From Kimberly-Clark" campaign to persuade the corporation to retire from the tobacco business, says ICCR's executive director Timothy Smith.Well known for its popular
Skolnick AA. Religious Investors Ask Health/Hygiene Products Giant to 'Kleen' Out of the Tobacco Business. JAMA. 1995;273(12):907-908. doi:10.1001/jama.1995.03520360019007