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Coalition of major investors request more transparency on how companies manage their workforces

"Investors demand more information on labour practices", 2 July 2017

A coalition of 79 influential asset managers with almost $8 trillion under management has written to the world’s largest companies calling for more information on labour practices in order to identify badly managed workforces that are vulnerable to financial shocks. Investors including Schroders, Nordea and Legal and General Investment Management are backing a demand that companies disclose more information on how they manage their workforces... The global pilot survey will be sent to 50 of the UK’s largest listed companies, as well as 25 large companies listed elsewhere. Other supporters include HSBC Asset Management, Axa Investment Management and Amundi... “We believe integrating workforce issues into our investment process will improve long-term value and returns for members,” said Kelly Christodoulou, an investments governance manager at AustralianSuper, Australia’s largest pension fund. “In order to fulfil our role as an active owner in relation to these issues, we need to be able to measure how companies manage their workforces.” [Refers to: Sports Direct, United Colors of Benetton]