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Incorporating Labor and Human Rights Risk Into Investment Decisions

By Aaron Bernstein Harvard Trade Union Program
Published in:
Pensions Occasional Papers,
Labor and Worklife Program

Mainstream investors for the first time are beginning to assess labor and human rights factors as a way of increasing returns and lowering risk as part of a broader movement in the investment world to include corporate environmental, social, and governance (ESG) behavior into portfolio and lending decisions. However, the paper also describes why investment analysis of labor and human rights poses some of the most difficult challenges in the emerging ESG field.

[Downlad the paper]

*New* Capital Matters, July 2008

Vol. 1, No. 4 | July 2008

Capital Matters, Stock Market, Private Equity, Retirement
•Experiments in Public Sector Pension Fund Design
•Accounting for Pension Fund Risk and Reward
• A Code of Conduct for Pension Trustees
• CEO Pay as a Proxy for Good Corporate Governance
• DB and DC Investment Returns Compared
• Labor, Human Rights and Investment Risk

[Capital Matters | July 2008]
[Subscribe to Capital Matters]

Big Pharma's R&D Booster Shot

By Ben Rissing and Peter Engardio Harvard Trade Union Program
Published in:

In their quest to develop new drugs, Western pharmaceutical companies are increasingly teaming up with companies in China and India

 [Full article in BusinessWeek ]

Universities set the pace in labor relations

By Richard Freeman
LWP Faculty Co-Director and Professor of Economics, Harvard University

Harvard Trade Union Program Most Americans think of auto, steel and other blue-collar workers negotiating with giant manufacturers when they think of labor relations. These industries set the pace in U.S. collective bargaining from the 1940's to the 1970's.

[Read the full article.]

America Works: Critical Thoughts on the Exceptional US Labor Market

By Richard B. Freeman America Works by Richard Freeman
"...Readable, reasoned, compassionate and enjoyable". - Lawrence Mishel, President, Economic Policy Institute

Economist Richard Freeman, Labor & Worklife Program Faculty Co-Chair and Herbert Ascherman Chair in Economics at Harvard University paints a picture with broad brushstrokes of the dynamic American labor market and fares compared to European and industrialized nations.

[Buy the book]
[Read the introduction]

Upcoming Events

Harvard Trade Union Program *Now Accepting Applications*
Harvard Trade Union Program

January 12th - February 20th

 [Apply for the 2009 session]

Labor and Employment News
Wurf Fellow
Teresa Ghilarducci, Professor of Economics, University of Notre Dame,
When I'm Sixty Four: The Plot against Pensions and the Plan to Save Them
[Papers by Teresa Ghilarducci]
[More about Teresa Ghilarducci]

Labor Stats
Percent of Workforce in Unions Since 1948

Click on image to increase size

In an effort to understand public sector unions and labor markets, The Labor and Worklife Program, with the help of Unionstats and The Labor Research Association , have compiled a massive amount of data relating to public sector unionization and general labor market trends.

Click Here to get the graphs and statistics.

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