BEAVERTON – Two ethical investment companies are urging shareholders of sportswear giant Nike to pause the sourcing of cotton and other raw materials from China because of ongoing concerns about the alleged use of forced labour.
New York-based Domini Impact Investments and Vancity Investment Management, based in Vancouver, Canada, will submit the resolution to Nike’s annual meeting which is to be held online on Friday, 9th September.
Domini – which describes itself as a women-led investment adviser that “harnesses the power of finance to help create a better world” – holds at least US$25,000 of Class B stock in the company while Vancity Investment Management holds around US$750,000 worth of Nike shares.
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