Investment & Pensions Europe. Australia.
More than 30 major institutional investors are calling for the introduction of modern slavery legislation in Australia.
The investors – which have over $2trn (€1.8trn) in assets under management between them – have signed a statement to a group of lawmakers in Australia that is conducting an inquiry into establishing a Modern Slavery Act in the country.
“As investors, we believe human rights issues can present potential financial impacts through reputation damage and operational risks to our portfolio companies,” the statement said.
