Committee on Workers' Capital

Asset manager perspectives on materiality: how are they reflected in the IFRS sustainability reporting plans?

Hugues Letourneau — 2021-04-14T15:37:56Z

See the CWC Secretariat's article published in Responsible-investor.com (open access) on April 9th 2021.
https://www.responsible-investor.com/articles/asset-manager-perspectives-on-materiality-how-are-they-reflected-in-the-ifrs-sustainability-reporting-plans

- News / Asset Manager Accountability, Regulation and Policy, Asset Manager Accountability, Opinions, News

Investor Brief on the Digitalisation of the Economy: Why it matters for long-term investors and what to look for

Tamara Herman — 2019-06-21T17:50:59Z

Digital transformation is changing the world of work, raising profound challenges in areas such as labour protection, employment transitions, training, and tax policies. The transformation has implications for investors, from the portfolio to systemic levels.

Produced by the Trade Union Advisory Committee to the OECD (TUAC) in conjunction with the CWC, this brief describes how digitalisation is transforming the world of work overall and the challenges that workers are now facing. It looks specifically at highly digitalised companies, such as online platforms, the challenges they raise in terms of fair competition, corporate governance and tax. It outlines issues that long-term investors look for and how they may respond to the digital transformation.

Read the full brief here:

2019-tuac-cwc_brief-06-21.pdf

Caspar Camille Rubin

CWC November 2017 Newsletter

Tamara Herman — 2017-11-27T08:00:00Z

In this edition of the CWC's newsletter:

The CWC Conference
Portrait d'administrateur/Trustee Profile: Philippe Soubirous
Woolworths shareholder resolutions (Australia)
CWC in the news: Fees in the investment chain
News and notes from CWC participants: Updates on capital stewardship in Australia, France, and the US
Key consultations: European Commission Public consultation on institutional investors and asset managers' duties regarding sustainability
Important reads: SHARE's Trustee Guidance on Decent Work, Benchmark Responsible Investment by Funds in the Netherlands

SHARE and the CWC have moved to a new office. Please note that our new address is Unit 510 – 1155 Robson Street, Vancouver, BC V6E 1B5

Read the full newsletter here

cwc_november_2017_news_bulletin.pdf

Roadmap on Responsible Tax Practices by Pension Funds

Hugues Letourneau — 2015-11-09T07:34:00Z

The Global Unions Committee on Workers' Capital (CWC) has released a roadmap on how tax evasion and corporate tax planning risks can be integrated in responsible investment practices. The CWC roadmap follows on a Global Union Call for Responsible Tax Practices signed by 45 trade union bodies from 19 countries a year ago.

Sharan Burrow, General Secretary of the International Trade Union Confederation (ITUC), which created the CWC in 1999, said “The G20, meeting in Antalya last week, made a firm commitment to implement the Action Plan by the OECD on Base Erosion and Profit Shifting (BEPS). The emerging international consensus to curb aggressive tax planning by global corporations is welcome. But to be effective, it needs to be supported in the financial markets and by shareholders in particular, including the USD23tr worth pension fund industry where unions and their trustees have a voice in fund governance. This is where the CWC roadmap comes in”.

The investor brief outlines key aspects of the tax evasion and aggressive tax planning policy debate and why they matter for investors – including the outcome of the G20/OECD action Plan on Base Erosion and Profit Shifting. The roadmap identifies a selection of corporate governance indicators to look for when engaging with the management of invested companies or when preparing the annual general meeting of shareholders.

The roadmap is part of a series of thematic investor briefs to help union pension trustees address key elements of responsible investment practices in the boardroom discussion of pension funds.

2015-11-cwc_investor_brief-tax_evasion_avoidance.pdf

CWC Investor Brief: Climate Change Risks and Opportunities for Investors

Tamara Herman — 2013-12-20T08:06:00Z

This 2013 CWC brief outlines risks and opportunities for pension funds in climate-related investments, trustee action items and resources.

cwc_climate_change_2013.pdf

CWC Investor Brief: The OECD Guidelines for Multinational Enterprises

Tamara Herman — 2013-12-20T07:45:00Z

The CWC Investor Brief on the OECD Guidelines for Multinational Enterprises was published in 2013.

This Investor Brief provides basic information about the Guidelines, key expectations and responsibilities of institutional investors, information for trade unions and their pension funds and key resources.

cwc_oecd_guidelines.pdf

OECD public consultation on draft High-Level Principles on Long-Term Investment Financing by Institutional Investors

Tamara Herman — 2013-05-20T06:56:00Z

The Global Unions Committee on Workers Capital (CWC) encouraged all CWC members and beyond to take part in the on-going public consultation on draft High-Level Principles on LongTerm Investment Financing by Institutional Investors, conducted by the OECD.

cwc-oecd_consultation_on_high-level_principles_2.pdf

Trade Union Guide for the updated 2011 OECD Guidelines (TUAC)

Tamara Herman — 2011-11-20T07:50:00Z

The Trade Union Guide for the updated 2011 OECD Guidelines was produced by TUAC.

The TUAC guide can be accessed hereor downloaded in PDF.

tradeunionguide_oecd_mne.pdf