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Investors push companies for greater workforce disclosures

Reuters - UK Focus

LONDON, July 3 (Reuters) - A group of 79 global investors managing a combined $7.9 trillion have joined forces to encourage companies to provide more information about how they manage their global workforces to help identify best-performing businesses.

The group, which includes Schroders (Frankfurt: 929969 - news) , Amundi (Berlin: 350155.BE - news) and Legal & General (LSE: LGEN.L - news) , has requested information from 50 of the biggest British companies, plus 25 other large global businesses.

"As a large and long-term investor, information on a company’s culture and employee engagement is important to understand the sustainability of business practices and long-term prospects," said Jeannette Andrews, corporate governance manager at Legal & General Investment Management.

Among other investors to join the initiative, led by campaign group ShareAction, are HSBC Asset Management, AXA Investment Management, Nordea, Natixis (LSE: 0IHK.L - news) and pension schemes including APG (Shenzhen: 002284.SZ - news) and AustralianSuper. (Reporting by Simon Jessop; Editing by David Goodman)