Living wage

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Article
30 May 2019

Ethiopia: Proposed law to improve wages and promote safe working environment in industrial parks

Author: Birhanu Fikade, The Reporter (Ethiopia)

"MoLSA to push for livable wages in ind. parks"...

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Article
4 March 2019

Bangladesh: Banks fail to hold H&M accountable to living wage promises, says Fair Action report

Author: Fair Action (Sweden), Fair Finance Guide International, The Future in Our Hands (Norway)

"Shareholders of H&M fail to take responsibility for garment workers’ wages", 31 January 2019...

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Story
4 March 2019

Bangladesh: Fair Action reports that Nordic banks fail to hold H&M and other brands accountable to living wage promises

  In February 2019, Fair Action released a report exploring, among other things, the role of Nordic banks (as shareholders) in holding H&M accountable to its promise to ensure living wages for garment workers in its supply chain by 2018, particula...

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Company response
3 March 2019

DNB’s response to the Fair Action report “Broke in Bangladesh”

Author: Laura Natumi McTavish, Responsible Investment Analyst, DNB, Norwary

We have had extensive dialogue with Framtiden i Våre Hender to explain our position and how it would be presented in the report.  Unfortunately, we believe that the report’s conclusion does not accurately reflect DNB’s position and work with H&M. ...

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Company response
3 March 2019

Handelsbanken's response to the Fair Action report “Broke in Bangladesh”

Author: Karin Askelöf, Head of Responsible Investments, Handelsbanken, Sweden

Our comment ...

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Article
3 March 2019

KLP’s response to the Fair Action report “Broke in Bangladesh”

Author: Jeanett Bergan, Head of responsible investments, KLP, Norway

On a general note KLP's guidelines for responsible investments describes how KLP works with engagement, voting and exclusions. Serious or systematic violations of human rights and other gross or systematic breaches of labor rights are part of KLP's...

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Company response
3 March 2019

Länsförsäkringar response to the Fair Action report “Broke in Bangladesh”

Author: Sofia Aulin, Sweden

At Länsförsäkringar Fondförvaltning we do a sustainability analysis of the Swedish companies held within our actively managed portfolios, including H&M. We believe that H&M has strong ESG practice but at the same time we are aware of the fact...

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Company response
3 March 2019

Response from ODIN Fund Management to the Fair Action report “Broke in Bangladesh”

Author: Hans Tronstad, Director of Communications Sparebank 1 SMN, Norway

Responsibility and sustainability are integral parts in our way of investing. We spend both time and resources (externally and internally) to gather information to ensure that we have a solid basis to properly evaluate companies. ESG-factors are thus...

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Company response
3 March 2019

SEB Group's response to the Fair Action report “Broke in Bangladesh”

Author: Eva Siling, Group Sustainability, SEB Group, France

Thank you for your email and for giving us the opportunity to respond. We welcome being scrutinized and recognize the importance of fair living wages. We have been in dialogue with H&M on the issue since 2015 (directly and through our engagement...

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Company response
3 March 2019

Skandia's response to the Fair Action report “Broke in Bangladesh”

Author: Aurora Samuelsson, Investment Analyst, ESG, Skandia, Sweden

In short Skandia would like to high light that Skandia have both policies and processes in place to manage sustainability risks and opportunities when analyzing companies in its investment universe. Skandia does also have several “position papers”...

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