Principles from the Global Unions’ Committee on Workers’ Capital on Asset Manager Responses to the Coronavirus Pandemic

The Principles lay out the investment stewardship principles that the CWC expects the asset management community to adopt as the world recovers, reinvests and rebuilds from the global pandemic over the coming months and years.

The letter was sent to the following 10 global asset managers (click on the asset manager names to see the letter):

The letter urges asset managers to embed the following principles in their investment due diligence and investment stewardship principles and activities:

  • Principle 1: Recognizing that companies have an immediate responsibility to protect the health and safety of their workforce, supply chain workers, and independent contractors
  • Principle 2: Promoting investment stewardship approaches that recognize the value that workers bring to companies
  • Principle 3: Elevating freedom of association and collective bargaining, one of the ILO Fundamental Principles and Rights at Work, as an investment stewardship priority
  • Principle 4: Supporting and seizing opportunities to support a sustainable economic recovery

The CWC will work with the pension fund board members who participate in our network and oversee the retirement savings of millions of workers to incorporate these principles into their expectations of asset managers.

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