This is part of the reason why Norway's sovereign wealth fund (largest in the world at $1 trillion, 1.3% of listed companies worldwide and 2.3% of listed companies in Europe) no longer invests in Walmart.
Edit: More background info on why Walmart is excluded (Norges Bank is the Norwegian central bank):
"According to the Council on Ethics’ recommendation of 15 November 2005 “An extensive body of material indicates that Wal-Mart consistently and systematically employs minors in contravention of international rules, that working conditions at many of its suppliers are dangerous or health-hazardous, that workers are pressured into working overtime without compensation, that the company systematically discriminates against women in pay, that all attempts to unionise by the company’s employees are stopped, that employees are in a number of cases unreasonably punished and locked in, along with a number of other circumstances…”
“What makes this case special is the sum total of ethical norm violations, both in the company’s own business operations and in the supplier chain. It appears to be a systematic and planned practice on the part of the company to hover at, or cross, the bounds of what are accepted norms for the work environment. Many of the violations are serious, most appear to be systematic, and altogether they form a picture of a company whose overall activity displays a lack of willingness to countervail violations of norms in its business operations.”
The Council, through Norges Bank, wrote to Wal-Mart on 14 September 2005 inviting them to comment on the allegations of complicity in violations of human rights and labour rights. Wal-Mart did not respond to this letter.
Back when I worked at Best Buy we had to take an "e-learning" (kinda like an online quiz) about the dangers of unions which ultimately ended in us having to agree with a statement that unions were bad for business and we would never try to form one.
Hyrule_Knight on September 24th, 2017 at 13:14 UTC »
Half of their training is then yelling at you to not form a union
norway_is_awesome on September 24th, 2017 at 13:36 UTC »
This is part of the reason why Norway's sovereign wealth fund (largest in the world at $1 trillion, 1.3% of listed companies worldwide and 2.3% of listed companies in Europe) no longer invests in Walmart.
Edit: More background info on why Walmart is excluded (Norges Bank is the Norwegian central bank):
Drawtaru on September 24th, 2017 at 14:07 UTC »
Back when I worked at Best Buy we had to take an "e-learning" (kinda like an online quiz) about the dangers of unions which ultimately ended in us having to agree with a statement that unions were bad for business and we would never try to form one.