An insightful new working paper from Oxfam America, The Predistribution Initiative and Omidyar Network, including a Foreword from TPF Executive Director Fran Seegull. An excellent read on how U.S. investors can share more wealth and influence with workers and communities, including an overview of the specific tools available to institutional investors that are concerned about the financial implications of social and environmental risks.
*New paper!* Despite soaring corporate profits and strong market performance, wealth and income inequality are increasing, leading to public disenfranchisement and market imbalances which can eventually jeopardize crucial business functions and diversified investors’ portfolios. Institutional investors are increasingly concerned with the financial implications of social and environmental risks and calling for tools to identify and mitigate them. The Predistribution Initiative (PDI) is pleased to have partnered with Oxfam America and Omidyar Network on this discussion paper which is designed to support U.S. investors in understanding how sharing more wealth and influence with workers and communities can correct imbalances and support early identification and mitigation of emerging risks. Specific tools and opportunities are highlighted which can foster more sustainable and responsible value creation and ultimately a more inclusive and thriving economy. Examples include grievance mechanisms, freedom of association and collective bargaining, human rights due diligence and FPIC, shared ownership models, and workers on boards. Sincere thanks to Fran Seegull of the U.S. Impact Investing Alliance and Tipping Point Fund on Impact Investing for her excellent foreword, as well Claire Mattingly and Madison Banker; Irit Tamir and Sharmeen Contractor of Oxfam; Elena Botella and Chris Jurgens at Omidyar Network, and to those who contributed to the paper, including those listed below. Kindra Mohr, Esq., David Wood, Thomas Croft, Nisson, Debbie, Josh Zinner, Mary Hiebert, Nadira Narine, Thomas A. Kochan, Perry Teicher, Christopher Mackin, Tom Powdrill, Alison Lingane, Taylor Sekhon, Jon Shell, Janet Williamson, Aaron Brenner, Nabil Ahmed, Caroline Brodeur, Nick Galasso, Uwe Gneiting, Emily Greenspan, Hana Ivanhoe, Diana Kearney, Daniel Mule, Kauwel Qazi, Helen Ripmeester, Stephanie Burgos, Tim Hirschell-Burns, Scott Sellwood, Robert Silverman We look forward to continuing the dialogue to workshop and implement these solutions together. https://lnkd.in/gSSdPj6P
