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Article

10 Apr 2024

Author:
Amnesty International

India: Ahead of shareholder meeting, Amnesty urges Dow shareholders to withdraw investment if rights responsibilities for Bhopal disaster victims continue to be ignored

"Dow shareholders must help ensure justice for victims of Bhopal disaster", 10 April 2024

Amnesty International is urging shareholders in the US-based Dow to consider withdrawing their investment from the chemicals company if it fails to rapidly meet its human rights responsibilities towards the more than 500,000 people still suffering from the Bhopal disaster, one of the world’s worst industrial incidents.

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Ahead of the company’s annual general meeting tomorrow 11 April, Amnesty International has written to Dow’s largest investors, sharing its recent report Bhopal: 40 Years of Injustice, and asking them to help address Dow’s failure to adhere to international business and human rights standards since it purchased Union Carbide Corporation in 2001. Union Carbide Corporation was the ultimate owner of the pesticide plant in the Indian city of Bhopal at the time of the disastrous gas leak in 1984.

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Investors in Dow which Amnesty International have written to include the US-based investment groups or financial institutions Vanguard Group, Blackrock, and State Street.

The letter asks investors to ensure that Dow reports on its responsibilities regarding Bhopal based on the UN Guiding Principles, and publicly discloses its findings without delay.

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