Reported about 1 month ago
As Nike faces increasing scrutiny over labor conditions in its supply chain, Norway's sovereign wealth fund is backing a resolution for the company to improve working conditions in garment factories ahead of its annual shareholder meeting. The resolution reflects investor concerns about Nike's treatment of garment workers, particularly following reports of wage theft and insufficient health and safety measures. Despite prior engagements from investors, Nike's silence on these serious issues has raised alarms among stakeholders who are advocating for binding agreements with workers in regions notorious for exploitation.
Source: YAHOO