Investor pressure on Nike builds over garment workers' rights

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The story "Investor pressure on Nike builds over garment workers&#039; rights" was covered 13 hours ago by Channel News Asia, a news publisher based in Singapore.

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Investor pressure on Nike builds over garment workers' rights - Channel News Asia

Quick Summary:

LONDON/NEW YORK : Investor pressure on Nike is building ahead of Tuesday's annual shareholder meeting, with Norway's sovereign wealth fund pledging to back a resolution demanding the company consider ways it can improve working conditions at garment factories.

The resolution proposed by a group of investors including Domini Impact Equity Fund says current approaches in the industry "often fail to identify and remedy persistent rights abuses such as wage theft, inadequate health and safety or gender-based violence".

"We would like to see concrete efforts to enhance Nike's understanding of gaps in its strategies to mitigate legal, reputational, and human rights risks," said Janina Bartkewitz, ESG expert and analyst at Union Investment.