A local government pensions body has backed calls for a review into the working practices at Sports Direct.
The Local Authority Pension Fund Forum (LAPFF) has backed a shareholder resolution to review the company’s labour practices following serious concerns over the way staff are treated.
The company has faced allegations of severe health and safety violations, the sexual abuse of staff at its Shirebrook facility in Derbyshire, and the use of zero hour contracts.
Chairman of LAPFF, cllr Kieran Quinn said: ‘LAPFF’s view is that responsible business practices by companies lead to sustainable returns for investors over the long-term. We are worried that this view is not shared by Sports Direct.’
He added: ‘LAPFF’s hope is that an independent human capital strategy review will rectify any workplace practices deemed inappropriate and will help Sports Direct to move forward from the reputational and financial damage it has suffered.’