Asset owners collaborating to influence labour rights in investee companies have another string to their bow with the release of the Committee on Workers' Capital report examining large fund manager voting performance.
Asset owners collaborating to influence labour rights in investee companies have another string to their bow with the release of the Committee on Workers' Capital report examining large fund manager voting performance.
Sick leave and paid parental leave, credible efforts to document pay equity, violations of collective bargaining laws, and employee mobility are some of the metrics asset owners can use to assess the labour practices of companies in which they invest, says labour lawyer Sharon Block.
Sharan Burrow, general secretary of the ITUC and Paddy Crumlin, president of the International Transport Workers’ Federation outline the recently released baseline expectations for asset managers on fundamental labour rights and why pension funds should be holding their managers to account.
Asset owners think in years rather than months, but investors expect a handful of key areas will define the year ahead. A clearer view on inflation; poor bond performance and a resurgence in labour rights to name a few.
Two of the world’s largest asset owners are putting pressure on Amazon to reveal exactly how it is protecting its workers from COVID-19. It’s a move indicative of the investor mood to focus attention on human and labour rights among investee companies, with a particular spotlight on the tech sector.
The €9 billion ($10 billion) Dutch fund for disabled workers, PWRI, has introduced a proprietary index that tilts towards companies that prioritise workers’ rights and health and safety issues. It’s a revolutionary approach to reflect the fund’s distinctive ESG priorities and a guide for other investors wanting to prioritise the “s” in ESG.
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