- Germany
- March 15, 2021
Palm Oil - There is more to it than meets the eye
Would banning palm oil improve global sustainability? The answer is “no”, neither from an …
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The Globalance Footprint® shows you the impacts of these assets around the world - individually and at a glance. Our framework is simple and objective. Using nine themes, we assess your contribution to sustainable foundations for economic prosperity, the future viability of society and the preservation of our natural resources.
49
Labor Market
32%
of this invested capital features an adverse footprint in Labor Market.
38%
of this invested capital features a balanced footprint in Labor Market.
30%
of this invested capital features a positive footprint in Labor Market.
Properly functioning, flexible labour markets as well as the enforcement of modern-day human-rights and labour laws contribute to the competitiveness of markets – a key prerequisite for economic prosperity. Preserving and creating jobs at fair conditions is one of the greatest political challenges of our time. The vision here is to ensure equal treatment of religions, genders and generations. Upholding minimum standards for on-the-job safety, health, co-determination and equal opportunity is a must for employers.
Portfolio Footprint Score
Data source: Globalance
The graph shows you the score for each asset. The shape of each asset is its stylized Footprint-Profile.
Asset Name | Labor Market | Economy | Total Footprint | % of portfolio | |
---|---|---|---|---|---|
Zimmer Biomet Holdings, Inc. | 100 | 79 | 63 | 0.1% | |
Texas Instruments Incorporated | 100 | 97 | 79 | 0.4% | |
Lam Research Corporation | 100 | 96 | 60 | 0.2% | |
Edwards Lifesciences Corporation | 100 | 91 | 62 | 0.1% | |
Baxter International Inc. | 100 | 55 | 58 | 0.1% |
The departure or lack of qualified employees
A dearth of new perspectives for the future
Growing social inequality
Unemployment and disrupted social accord
Low productivity and high economic costs
The violation of human-rights and labour laws
Exploitation and modern-day slavery
Labour conflicts (strikes)
Accidents and illnesses
The labour market viability of employees through training and continuing education
The qualifications and know-how of workers
Equal opportunity for women
Compliance with human-rights and labour laws
The enforcement of fair working conditions
Social accord between employers and employees
Job security, health
Job creation and living wages are fundamental drivers of economic development. Companies’ impacts can be positive or negative, depending on business practices. Beyond generating profits and shareholder value, successful companies also develop human capital. Internal training programs and employee freedom to develop new ideas contribute to a firm‘s ability to persist in an environment of constant competition. Motivated people are more productive and create more value. But education and internship programs aren‘t all that matters. Companies who actively fight poor labour conditions and pay fair living wages are less likely to face reputational damages and legal issues. Apart from moral considerations there is therefore also an economic rationale to consider such factors as an investor.
Globalance assesses and comments: With our Insights, we show you what the developments in the world mean for your assets. The focus is on future-oriented answers to major challenges.