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Pensions and Capital Stewardship Project

Conference Presentation Materials

Long-Term Investment Decisions:
Assessing the Sustainability Risks of Labor and Human Rights
and Other Workplace Factors- March 2009

[Agenda | PDF]

[Resource Book - Table of Contents and Selected Readings | PDF]

[Conference Summary | PDF] 

  • BENCHMARKING LHR INVESTMENT RISK - How should investors describe labor and human rights portfolio risk, particularly with respect to global supply chains? What data has been available so far, what are its limitations, and what other potential sources of information might there be? What are the prospects for obtaining independently audited LHR statements, analogous to corporate financial statements?

  • LINKS TO CORPORATE PERFORMANCE - What do we know about the relationship between LHR factors and corporate performance and portfolio returns? To what extent are they linked with reputation risk? Operational risk? In light of the foregoing, which information would be most valuable to gather and which analyses most important to do?

  • HUMAN RESOURCES AND HUMAN CAPITAL - More data is available about issues such as workforce skills, turnover, team production systems, employee ownership, and health and safety. But corporate reporting remains opaque here, too. To what extent have studies demonstrated the materiality of these factors to corporate and portfolio performance? Is there enough evidence to warrant the inclusion in mainstream investment analysis? What other data needs to be collected and what other studies should be done?

  • SHAREHOLDER DECISION-MAKING AND ENGAGEMENT - In what ways have investors already begun to include workplace/LHR issues in portfolio analyses? How have they engaged companies on these subjects, and with what result? How have the data and criteria now available aided or limited such efforts? Do these efforts themselves yield valuable data?




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A blog founded by Benjamin Sachs (LWP Faculty Co-DIrector) and Jack Goldsmith (Harvard Law School), devoted to workers, unions, and their politics.