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Article

26 Mar 2020

Author:
Domini Impact Investments, Interfaith Center on Corporate Responsibility, New York City Comptroller Scott M. Stringer

Investors Call on Companies to do Their Part to Support Workers and Markets During the Coronavirus Crisis

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Global institutional investors comprising public pensions, asset management firms and faith-based funds issued a Statement on Coronavirus Response calling on the business community to step up as corporate citizens, and recommending measures corporations can take to protect their workforces, their communities, their businesses and our markets as a whole while we all confront the Coronavirus crisis...

As the social and economic ramifications of the pandemic are quickly becoming manifest, [...] the well-being of millions of workers hangs in the balance...

With so much uncertainty and volatility in the markets, companies can ill afford to lose the human capital they have built or the value chains they rely on to deliver their products and services...

The recommendations laid out include: providing paid leave, putting additional health and safety measures in place, maintaining employment, maintaining supplier and customer relationships, and exercising fiscal prudence... The statement goes on to suggest possible additional measures like child care assistance and hazard pay. The bottom line, however, is that we all have a role to play. 

Investors -- signatories and otherwise -- are encouraged to use the statement to engage with portfolio companies and find ways we can work together to get through the Covid-19 pandemic.

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