All Social issues articles – Page 18
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PodcastShipbreaking practices
Shipbreaking is one of the world’s most dangerous occupations, with severe impacts on human rights and the environment. Annie Bersagel (KLP) joins the PRI’s Valeria Piani to explain why this is important to investors and encourages them to join their current engagement on responsible ship recycling.
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Case studyCalculating labour standards' impact on revenue and discount rate
Case study by Union Investment
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PodcastSocio-economic inequality
Sudip Hazra (Kepler Cheuvreux) joins the PRI’s Valeria Piani to discuss why inequality matters to global businesses and their shareholders.
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Engagement guideFrom poor working conditions to forced labour - what's hidden in your portfolio?
Recent legislation such as the UK Modern Slavery Act, along with prominent examples of labour breaches in agricultural supply chains - which include child labour in the cocoa industry or forced labour in the seafood industry – are exposing food and beverage companies to heightened operational, regulatory and reputational risks.
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Engagement guide
Why engage on agricultural supply chain labour practices?
Improving supply chain labour standards can help mitigate operational, legal/regulatory and reputational risks, as well as present opportunities to benefit from innovative suppliers, access to more markets and contracts, loyal customers, productive/committed employees and secure supplier relationships.
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Engagement guide
How to engage with agricultural supply chain companies
The following engagement recommendations are based on findings from the engagement, as well as findings from other stakeholders and sources.
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Engagement guide
Expectation 7 for food and beverage companies: target setting and disclosure
In each of the above areas, companies should report regularly and publicly on policies and processes as well as on performance against measureable and time-bound targets. We encourage a combination of quantitative reporting, such as the G4 Sustainability Reporting Guidelines, and qualitative reporting, such as the UN Guiding Principles Reporting ...
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Engagement guideExpectation 6 for food and beverage companies: monitoring and corrective action
Companies should regularly assess the labour performance of at least new and existing direct suppliers, and ensure that their direct suppliers assess and monitor their sub-suppliers. Companies should report on the results of these assessments. They should request corrective action plans from non-conforming direct suppliers and sub-suppliers, and, as a ...
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Engagement guide
Expectation 5 for food and beverage companies: collaboration on systemic issues
To address systemic issues, companies should collaborate with external stakeholders such as trade unions, civil society organisations, human rights experts, governments, and sector peers.
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Engagement guide
Expectation 4 for food and beverage companies: sourcing and supplier relationships
Companies should evaluate suppliers for labour performance, including on minimum labour compliance criteria and on suppliers’ capacity to manage compliance of their own suppliers.
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Engagement guide
Expectation 3 for food and beverage companies: traceability and risk assessment
Companies should map their supply chains, by geography and by product, and assess labourrelated risks in the supply chain, by geography and by product.
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Engagement guide
Expectation 2 for food and beverage companies: governance
Companies should ensure oversight at board level, and that board members are regularly trained. They should establish processes that enable them to identify and respond appropriately to legislation and ensure relevant departments (e.g. human resource and labour/ environmental compliance, senior management, procurement or sourcing, communications and/ or marketing, production) are ...
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Engagement guide
Expectation 1 for food and beverage companies: supplier code of conduct
Companies should have a publicly available supplier code of conduct that reflects international standards such as the ILO core labour standards (covering child labour, forced labour, trade union rights and equal opportunities), covers health and safety and working conditions, and contains at least a longer term target for a living ...
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PodcastLabour standards in the supply chain - a supplier perspective
Charlie Bradshaw (Matrix APA) joins the PRI’s Felicitas Weber to discuss how to address poor labour conditions in global supply chains, looking at the supplier perspective. The PRI are also re-launching their collaborative engagement on labour practices in agricultural supply chains, with an investor expectations statement open for all signatories ...
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PodcastThe UK Modern Slavery Act
Phil Bloomer, Executive Director of the Business and Human Rights Resource Centre, joins the PRI’s Felicitas Weber to discuss the the UK Modern Slavery Act 2015 and it’s implications for companies and investors.
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Engagement guideHow to engage retailers on employee relations
Happy employees are good for business: highly engaged employees tend to stay longer, and are more likely to be productive and provide good customer service.
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Engagement guide
Three recommendations for future engagement with retailers
Although 22 of the 27 companies (81%) engaged improved their reporting, there remains significant scope for further improvement in both reporting and performance.
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Engagement guide
How to engage retailers on employee relations: getting started
To improve the level of reporting and performance on employee relations, suggestions on how investors can engage retailers on the topic are provided below.
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Engagement guide
How to engage retailers on key aspects of employee relations
Employee turnover not only provides an indication of employee retention, but also employee satisfaction as well as recruitment and training costs for new employees.
