The investor letter describes two cases of labour violations, where garment workers employed by Nike’s largest international supplier, the Ramatex Group and the Hong Seng Knitting Group (that has a joint venture with the Ramatex Group) were not paid legally owed wages and benefits in full in 2020, amounting to a collective $2.2 million owed to more than 4,500 garment workers in Cambodia and Thailand respectively.

The joint investor letter has been sent to Nike which has been aware of these two rights issues for the past three years, and Nike will be sent an update of signatories on a regular basis. The investor letter emphasises the need for remedy in the form of payment of unpaid wages and benefits. It was drafted by a coalition of investors after consultation with NGOs and unions. Investors are invited to sign the letter.

Investors are invited to sign the letter. 

• Becoming signatory of the joint investor letter: ICCR is hosting a webpage with the joint investor letter, the names of all signatories, and some other information (signatory will be updated regularly throughout the next few weeks). To become a signatory, please send the following details to Chavi Keeney Nana (cnana@iccr.org) at ICCR:
  • Your organisation’s name;
  • Your logo;
  • Your AuM (if possible – only an aggregate amount will be shown).
  • The initial response deadline is September 15th, 2023. No worries if it takes longer, but it would be great to start off with a good number of signatories.