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Article

1 Jul 2010

Author:
Committee on Workers' Capital

[PDF] Investing in Decent Work: The case for investor action on forced labour

...[T]his project focuses on institutional investors, and trade union trustees in particular, as they can influence the companies they invest in to have progressive policies and practices on forced labour. In doing so, the project emphasises that forced labour is as much an issue of investment risk, as it is a matter of social responsibility... First, forced labour is widespread and costly. Second, forced labour practices pose significant risks to shareholder value and third, although investors have taken some action to address forced labour, this action has been limited... Even so, the CWC proposes that institutional investors can leverage their rights as shareholders, build on existing policy frameworks and work with partner organisations to mitigate the observed barriers [to more effective and coordinated investor responses]. [refers to APG, Chevron, Daoud, Hytex, KBR, Nike, Norges Investment Bank, Total, Bombardier, DaimlerChrysler (now Daimler), Deere & Co, Ford, General Motors, Harley Davidson, Honda, JFE Holdings, Magna International, Nippon Steel, Russel Metals, Sumitomo Metal Industries, Suzuki]

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