Investors Launch Global Network Focused on Workers’ Rights
Investors committed to advocating for workers’ rights have launched the Labour Rights Investor Network (LRIN), a global initiative centered on supporting labor rights as human rights. The LRIN is housed at the Global Unions’ Committee on Workers’ Capital (CWC), a committee of the International Trade Union Confederation, the Global Union Federations, and the Trade Union Advisory Committee to the OECD that advocates for the responsible investment of workers’ capital. ICCR is a signatory to an investor statement issued by LRIN along with 24 investors representing US$2T in assets under management, which calls for the rights to freedom of association and collective bargaining to be recognized as “fundamental pillars of human freedom”, citing guidance from the United Nations (UN) and the Organization for Economic Co-operation and Development (OECD). The investors call on companies to take responsibility for worker rights oversight, ensure respect for freedom of association and collective bargaining, and provide disclosures on workers' rights-related metrics.
LRIN will provide investor members with tools to integrate this advocacy into their engagements with investee companies.
