Aviva (AV.)

Sector:

Insurance

Index:

FTSE 100

440.90p
   
  • Change Today:
      1.30p
  • 52 Week High: 441.30
  • 52 Week Low: 335.20
  • Currency: UK Pounds
  • Shares Issued: 3,764.57m
  • Volume: 2,302,791
  • Market Cap: £16,598m
  • RiskGrade: 140
  • Beta: 0.01

UK retailers want human rights law to protect supply chain workers

By Frank Prenesti

Date: Friday 22 Oct 2021

LONDON (ShareCast) - (Sharecast News) - More than 35 retailers, manufacturers and investors including Tesco, John Lewis, Primark, Asos and Unilever have called on the UK government to introduce a legal requirement for companies to carry out human rights and environmental checks on their global supply chains.
In a letter to ministers, the firms said the Covid-19 crisis demonstrated the "fragility of global supply chains, and the vulnerabilities this creates and exacerbates for workers, communities, indigenous peoples and businesses around the world", and warned there was "a real risk that recent progress will be reversed".

A legal review by Blackstone Chambers commissioned by the Business & Human Rights Resource Centre (BHRRC) found that fashion brand Boohoo could have been held liable for rights abuses in its Leicester supply chain, under proposed legislation.

Boohoo came under strong investor pressure to review its supply-chain practices after reports emerged of poor conditions for workers and sub-standard wages.

The fast-fashion retailer commissioned a report by lawyer Alison Levitt which found that that Boohoo's monitoring of the factories was "inadequate" because of "weak corporate governance".

Timothy Otty QC, commissioned by the BHRRC, said Levitt's findings indicated that historically Boohoo did not have in place reasonable procedures to prevent poor working conditions and low pay in its suppliers' factories and so potentially would have been liable under the proposed "failure to prevent" law.

BHRRC head of labour rights Thulsi Narayanasamy said voluntary commitments to ensure human rights are respected by businesses "have failed".

"It speaks volumes that leading businesses and investors themselves are uniting to call for a level playing field and a clear regulatory environment to ensure that the rights of the most vulnerable are respected," she said.

"We want to see this requirement backed up by strong liability provisions that will hold companies legally accountable if they fail to prevent abuses. As workers face unprecedented rights abuses with no recourse, the UK simply can't afford to waste more time, it's time to bridge the regulatory gap."

The letter was signed by 36 organisations including the Cadbury owner Mondelez, Mars, Twinings, Unilever and Microsoft and the investors Aviva, Jupiter and the Local Authority Pension Fund Forum.

European countries are adopting new HREDD laws, such as the corporate duty of vigilance law in France and legislation under development elsewhere on the continent.

The European Union is set to table a new initiative later this year that will apply to all UK firms operating in the single market.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Aviva Market Data

Currency UK Pounds
Share Price 440.90p
Change Today 1.30p
% Change 0.30 %
52 Week High 441.30
52 Week Low 335.20
Volume 2,302,791
Shares Issued 3,764.57m
Market Cap £16,598m
Beta 0.01
RiskGrade 140

Aviva Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
98.84% above the market average98.84% above the market average98.84% above the market average98.84% above the market average98.84% above the market average
14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average
Price Trend
62.06% above the market average62.06% above the market average62.06% above the market average62.06% above the market average62.06% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Income
93.88% above the market average93.88% above the market average93.88% above the market average93.88% above the market average93.88% above the market average
14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average
Growth
39.37% above the market average39.37% above the market average39.37% above the market average39.37% above the market average39.37% above the market average
14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average

What The Brokers Say

Strong Buy 10
Buy 3
Neutral 4
Sell 0
Strong Sell 1
Total 18
buy
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Aviva Dividends

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  Interim Final
Ex-Div 26-Aug-21 08-Apr-21
Paid 07-Oct-21 14-May-21
Amount 7.35p 14.00p

Trades for 18-Jan-2022

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