Danish pension funds team up to press Amazon on labor rights

By ESG
May 18, 2023

A dozen Danish pension funds with a collective 5 trillion Danish kroner ($739.1 billion) in assets are collaborating to turn up the pressure on Amazon.com about labor rights.

The 12 pension funds are Sampension, PenSam, PKA, AP Pension, AkademikerPension, Danica Pension, Danske Bank Asset Management, Nordea Investment Management, PBU, PensionDanmark, PFA and Velliv.

In 2022, Sampension, PenSam and PKA began asking Amazon to document that it respects its employees’ right to organize in trade unions and negotiate wages and working conditions collectively. That effort has now expanded to include the nine other Danish institutional investors, said Jens Munch Holst, CEO of AkademikerPension, Gentofte, Denmark, with 115 billion Danish kroner in assets, in a statement.

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