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SRI Report: General Dynamics. SRI Liabilities: Military is a traditionally SRI screened industry Cost overruns resulting in litigation with US gov in 1990, 1991, 2004 Labor disputes 1983, 1988, 1994, 2000, 2001 Age discrimination cases for retiree health benefits 1996, 2004
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SRI Report: General Dynamics SRI Liabilities: • Military is a traditionally SRI screened industry • Cost overruns resulting in litigation with US gov in 1990, 1991, 2004 • Labor disputes 1983, 1988, 1994, 2000, 2001 • Age discrimination cases for retiree health benefits 1996, 2004 • Fined in 1992, 1998, 2007, 2008 for discharge of pollutants (2007 = $441,500 by US Occupational Health and Safety for “repeat” “willful” violations) SRI Assets: • Better adherence to arms control rules in recent years • 2005 adopted policy prohibiting discrimination based on sexual orientation • Report all GHG emissions across the company • Supports organizations with educational, social, civic or arts focus • Awards: • Governor’s Award for carbon emission reductions • Environmental Excellence Award in Savannah • Waste Reduction Awards Program in California Sources: http://phx.corporate-ir.net/phoenix.zhtml?c=85778&p=irol-corporate_sustainability4_commserv http://www.corpwatch.org/article.php?list=type&type=12 Recommendation: SRI record decreases value of General Dynamics