Committee on Workers' Capital’s Post

📢 The CWC is pleased to share its latest report, Labour Rights Stewardship: How Asset Managers Measured Up in 2024. Recognizing the significant influence that global asset managers wield on ESG practices at investee companies, this report analyzes how ten of the world's largest asset managers undertook investment stewardship on labour rights in 2024. The report finds that the largest global asset managers, all US-headquartered, showed low support for 2024 shareholder resolutions promoting freedom of association and collective bargaining compared to their non-US headquartered peers. On the engagement front, only half of the asset managers analyzed disclosed company engagements and topics. The report also analyzes the newer trend of split stewardship, where a given asset manager may engage with the same companies according to a different set of values, and finds that this heightens the risks of sending mixed signals to portfolio companies and may decrease the clout of “impact” relative to “financial” materiality-focused ESG from key managers. The report is a practical tool for asset owners seeking to understand how their asset managers vote and engage on labour rights issues. https://lnkd.in/ezfStPjW

  • No alternative text description for this image

To view or add a comment, sign in

Explore topics