Trade union investors meeting in Berlin today served notice on US-based logistics provider XPO that it must reform its labour practices.

The message was sounded by ITF (International Transport Workers' Federation) president Paddy Crumlin, speaking to a meeting of the Committee on Workers’ Capital (CWC) that included trustees of major pension funds whose assets are managed by Orbis Investment Management, XPO’s largest shareholder.

He told the Berlin meeting: “I’m proud to say that the CWC is playing a critical role on bringing workers’ rights issues to the forefront. We talk so much about shareholder value; we as the stewards of workers’ capital must stake our claim to what we value.

“Active trustees are the bedrock of effective corporate engagement. They’re the workers’ voice in the capital markets. We need trustees to convey to corporate boards, and to our pension funds’ investment advisors and managers the issues we feel are important and let them know we are watching how well they perform in meeting our funds’ needs and values.”
https://teamster.org/news/2017/09/un...rve-notice-xpo