Decent work helps create a strong economic base in low-income communities while building resilient and sustainable economies. Companies that pay living wages, provide secure jobs, encourage training opportunities and support diversity are better investments.
As noted by the International Labour Organization, “Decent work for all women and men ensures social inclusion and dignity as the world of work plays a key role in economic and social progress and political stability everywhere.” Decent Work is not only a social good, but a business imperative. Providing good working conditions, employee safety and wellbeing, and meeting high standards of employee engagement, satisfaction and job security all create opportunities for better productivity, innovation and success. At the same time, poor human resource management can be a serious source of risk for companies.
SHARE’s shareholder engagement efforts promoting decent work focus primarily on occupational health and safety here in Canada, as well as freedom of association, living wages, precarious employment practices, and forced labour in global supply chains.
This guide is a product of the VALUING DECENT WORK INITIATIVE – a joint initiative of SHARE and the Atkinson Foundation. We are increasing the visibility of decent work as an important investment consideration in capital markets and mobilizing investors to advocate for robust decent work policies and practices in investee companies.
Canada’s regulatory framework for human rights due diligence in global supply chains lags that of other jurisdictions, and that’s a concern for Canadian institutional investors. This report reviews supply chain transparency legislation around the world and argues that similar federal legislation here in Canada could be beneficial to investors if properly crafted.
This report reveals that Canadian retail companies lag behind their global peers in their disclosure of decent work metrics. It identifies the important role investors can play in seeking improved corporate disclosure of this information through engagement with retail companies in their portfolios.
This investor brief looks at what Canadian financial sector companies report about the protection and promotion of mental health at work.