Pension Funds Pressure Private Equity Over Labor Risks
Monday, 22 July 2024, 11:01
Pension Funds Champion Labor Rights
In a decisive move, Calpers and the New York State Common Retirement Fund are calling on private equity firms to prioritize labor protections in their portfolio companies. This effort is vital for ensuring ethical labor practices, which can have long-term implications for financial performance.
Why Labor Protections Matter
- Mitigating Risks: Poor labor conditions pose significant risks to investment stability.
- Promoting Responsibility: Investors are increasingly aware of the impact of corporate practices on societal welfare.
- Influencing Change: Pension funds hold considerable sway in pushing for reforms within private equity.
As stewardship over investments grows, these funds are setting a precedent for integrating ethical considerations with financial strategies.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.