Labour rights

The problem
Each employee has the right to good working conditions, such as a safe and healthy work environment. The conditions of employment, such as wages and working hours have to be adequate as well. Employees should have the right to organize or join a labour union that negotiates with employers on their behalf. Unfortunately, this is not always the case.

The solution
Every company should be able to prove that their employees have acceptable working conditions, and are not discriminated or maltreated. The employees should be able to mix freely with colleagues, join labour unions and interest organisations, and be paid fair wages. Banks should only lend money to companies that have an open and fair employee policy.

The ideal bank policy
The ideal bank:

Treats its own employees according to the national and international rules on labour rights
Requires all its clients to follow the international rules and declarations on labour rights
Requires all its clients to regularly verify that their suppliers follow the international rules and declarations on labour rights.

Score explanation:
Rabobank excludes certain practices and activities. It reviews them according to the four fundamental labour rights of the International Labour Organisation (ILO).

Score explanation:
Triodos assesses clients according to the four fundamental labour rights of the International Labour Organisation (ILO).
It also stipulates Fair Trade and other certificates of international trade.

Score explanation:
Aegon excludes companies that systematically violate the International Labour Organisation’s standards. If other violations are reported, Aegon will discuss these with the client concerned.

Deze Eerlijke Bankwijzer is een initiatief van: