US - New York City's five pension funds are using their combined influence to urge seven US-owned companies operating subsidiaries in Northern Ireland to implement guidelines that encourage and promote a means for establishing justice and equality in the workplace.
The MacBride Principles were proposed in 1984 by late Irish statesman, Nobel Peace laureate, and founder of Amnesty International, Sean MacBride, and several associates, to serve as guidelines for corporations in Northern Ireland.
New York City comptroller William C. Thompson, Jr, on behalf of the pension funds, said: "Employment discrimination in Northern Ireland has historically been one of the major causes of sectarian divisions, and the New York City pension funds helped create the MacBride Principles to ensure that all workers are treated fairly.
"Our funds are committed to supporting the Northern Ireland peace process in every way possible. One important way of doing that is to continue to ensure that companies in our portfolio uphold the highest standards of equality and diversity in their workforce."
The proposals are sponsored by the New York City Employees' Retirement System (NYCERS), Teachers' Retirement System for the City of New York (TRS), New York City Police Pension Fund, New York City Fire Department Pension Fund and the New York City Board of Education Retirement System (BERS).
The funds submitted proposals to BE Aerospace of Wellington; Borland Software of Austin; Crane Company of Stamford; Domino's Pizza of Ann Arbor; Manpower, Inc. of Milwaukee; TJX Companies of Farmingham and, Yum Brands of Louisville.
Collectively the New York City pension funds hold more than 4.5 million shares in these companies, worth more than US$118m.
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