Vision Super calls on Amazon to enter dialogue on human rights

July 11 |  2 min read

Industry super fund, Vision Super, has joined a coalition of investors worth US$4.53 trillion calling on Amazon to enter into a dialogue on the implementation of labour rights in Amazon’s operations and supply chain.

Chief Investment Officer Michael Wyrsch said the fund has a strong focus on ESG.

“Vision Super is a values-based fund,” Michael said.

“All three factors of ESG are built into our investment beliefs, which inform our investment decisions – we believe that environmental, social and governance issues and sustainability considerations are important within the context of optimising net risk-adjusted returns.

“A lot of organisations have an ESG approach that’s really centred on the environment factor and ignores the rest. At Vision Super, we think all three are important.

The ‘S’ factor – social considerations – is an important factor that drives companies’ long-term performance. We want to understand Amazon’s approach to human and labour rights, and how it might affect their trajectory, and our members’ investment.

“There has been previous negative media coverage about how Amazon treats workers – including reports that Amazon has retaliated against workers who attempt to organise or strike.

“A positive approach to labour rights, such as the right to join a union of your choice, is really important for reducing risk and driving productivity in an organisation – and in the end, that means better returns for our members.

“That’s why we joined the Investor Alliance for Human Rights in calling on Amazon to explain their new supplier code of conduct, how this reflects the standard laid out in the International Labour Organisation’s Declaration on Fundamental Principles and Rights at Work, and how they’re implementing the code.

“The new supplier code of conduct is a step in the right direction. We’re asking Amazon to enter into a dialogue about it to help us learn more as investors.”

Vision Super was one of only three Australian superannuation funds to sign the letter, along with fellow industry fund Statewide Super and retail fund Australian Ethical.

July 11 |  2 min read

Must Reads

Feature, Fund news, Investments, must read  |  8 min read

US Inflation

It has been over a year since COVID-19 ended one of the longest equity bull markets in US history. Governments and central banks responded quickly and, as a result, global equity markets have not only recovered but some have hit record highs.

Feature, Fund news, Investments, must read  |  2 min read

Investment update March 2021

Auction clearance rates have recently reached elevated levels and this has coincided with very strong growth in house prices across Australian capital cities.

Feature, Fund news, Investments, must read  |  2 min read

Investment update October 2020

The global pandemic has created heightened levels of concern around asset valuations, especially for infrastructure and property assets.

Feature, Fund news, Investments, must read  |  3 min read

Investment update Sept 2020

September saw positive returns as investors continue to adjust to the ‘new normal’ of the Covid-19 affected world.

Build a better future for you and your family

Invest in your future self

Sustainable products, quality advice, education and of course, low fees.

You have options when it comes to saving in your super and drawing from it on retirement. Find out which of our retirement products is most suited to you.

The Latest

General  |  

Vision Super welcomes Lisa Darmanin as new Chair

Vision Super media release - Industry super fund Vision Super welcomed a new Chair, Lisa Darmanin, at the start of the new financial year.

Feature, General, Investments  |  4 min

Investment update June – US inflation

The Australian labour market has been significantly affected by COVID-19 and the subsequent policies that have been used to help businesses and households.

Feature, General, Investments  |  4 min

Investment update April – Labour market recovery

The Australian labour market has been significantly affected by COVID-19 and the subsequent policies that have been used to help businesses and households.

Already a Vision Super member?

The great news is you can now open your pension account online through the secure site.

Not a Vision Super member?

You’ll just need to open a Vision Personal account first and then you can transfer across to a Vision Super pension.