An Abbott Laboratories shareholder proposal to label genetically modified organisms (GMOs) in its Similac infant formula range received about 5 percent of the vote, and has been rejected by the company. The resolution was filed by As You Sow, a non-profit organization that promotes corporate responsibility through shareholder advocacy.
“GMO labeling in the U.S. has begun, and its continuation is inevitable,” said Austin Wilson, As You Sow’s environmental health program manager. “By labeling its products now, Abbott will demonstrate its leadership and commitment to transparency, and increase shareholder value. With more disclosure, consumers will be able to make more informed decisions that help protect their family’s health.”
As You Sow claims the dialogue it prompted, and a highly focused grassroots social media campaign, led to General Mills removing GMOs from original Cheerios. The food giant recently announced that this has not boosted sales, with others noting that the nutritional profile of the cereal decreased with many vitamins removed from the formulation.
Read the full, original article: Abbott rejects shareholder call for GMO labeling on its products
