By Courtney Degen
Source: Pensions & Investments

Biden administration officials met with leaders of five pension funds, representing more than $1 trillion in assets, that are requiring strong labor standards from their private equity investments, suggesting other pension funds should do the same.

Such labor standards include “guaranteeing the free and fair choice to join a union, freedom of association and the recognition of the rights to collectively bargain, equal opportunity, a safe and healthy workplace, and the elimination of forced and compulsory labor, including child labor,” according to a White House news release April 23.

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