CWC Investor Brief Condemns Grupo México, ASARCO
The AFL-CIO and Committee on Workers’ Capital (CWC) this week released an investor brief that outlines many of the major problems confronting ASARCO and its corporate parent, Grupo México.
The document brings to light Grupo México’s past and present corporate governance issues, workers’ rights violations and track record of pollution and health and safety violations.
The investor brief will reach the trustees of major pension funds around the world and encourage them to voice their concerns to Grupo México management.
The CWC further calls for investors to urge ASARCO and Grupo management to engage in good faith collective bargaining as required under the OECD Guidelines for Multinational Enterprises and UN Guiding Principles on Business and Human Rights.
As a joint initiative of the International Trade Union Confederation (ITUC), the Global Unions Federations (GUFs) and the Trade Union Advisory Committee to the OECD (TUAC), the CWC connects labor union activists and board members from around the world to promote information sharing and joint action in the field of workers’ capital.
The CWC is an international labor union network of over 700 participants from 25 different countries that focuses on responsible investment.
The brief is available to read and download freely at: https://www.workerscapital.org/investor-brief-grupo-mexico
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