Stay current on changes and developments in corporate law with a wide variety of resources and tools.
A global group of institutional investors with nearly $8 trillion in combined assets is asking Apple Inc., Wal-Mart Stores Inc. and 73 other large public companies for more disclosure on the people who work for them.
The investors are backing a survey sent July 3 to the companies, most of which are listed in the U.K., asking about topics such as the gender pay gap, staff turnover and training, and employee morale.
So-called human capital and other social issues have gotten a lot less investor attention compared to environmental or corporate governance topics, often because of a lack of comprehensive and comparable data. “Social issues have been described as Cinderella in the ESG [environmental, social and governance] family,” Lisa Nathan, who manages the workforce disclosure initiative organized by U.K. charity ShareAction, told Bloomberg BNA.
The survey is meant to help fill the gap in data on how companies manage their workforces at home and in their supply chains and how they compare with peers. Participation is voluntary, but ShareAction hopes companies will be compelled by the endorsement of 79 institutional investors, including European asset managers Schroders and Amundi as well as U.S.-based Rockefeller Asset Management and Pax World Management.
Another survey supporter, Legal & General Investment Management, called it “an extremely useful format” for integrating workforce data into its assessment of company performance. “As a large and long-term investor, information on a company’s culture and employee engagement is important to understand the sustainability of business practices and long-term prospects,” Jeannette Andrews, LGIM’s corporate governance manager, said in a statement.
To contact the reporter on this story: Andrea Vittorio in Washington at email@example.com
To contact the editor responsible for this story: Yin Wilczek at firstname.lastname@example.org
The list of companies receiving the survey is available at http://src.bna.com/quS
Copyright © 2017 The Bureau of National Affairs, Inc. All Rights Reserved.
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to email@example.com.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to firstname.lastname@example.org.
Put me on standing order
Notify me when new releases are available (no standing order will be created)