Labor Values

Support from the Labor Movement.

Message from Labor

“The labor movement’s message is more powerful today than ever and labor’s capital is an important tool in our toolbox. The AFL-CIO branded investment vehicles provide pension plans with powerful opportunities to pool investment dollars and promote good corporate governance.”*

Richard L. Trumka

AFL-CIO PRESIDENT

“The success of the AFL-CIO’s branded investment vehicles shows that the pension plans of union workers have a strong interest in pooling their investment dollars, and demonstrates their belief in low investment management fees and investments that promote good corporate governance.”*

Elizabeth H. Shuler

AFL-CIO SECRETARY-TREASURER

*THIRD PARTY INFO
PNC Bank, National Association (PNC Bank) is the trustee for the BIT. PNC Bank licenses from the AFL-CIO the use of the name “AFL-CIO” in connection with the fund’s name and its activities. Opinions or statements herein by third parties are not representations, warranties, or opinions of PNC Bank. The inclusion or listing of these third parties also should not be considered an endorsement by these third parties. No individuals quoted or mentioned in this material were compensated or received remuneration of any kind.

messagefromlabor

Our Supporters

Read Testimonials from our union supporters.

All

State Fed

Local BCTC

National Building Trades

Maritime Trades

Central Labor Councils

Local

"When labor harnesses the power of its capital to invest in communities, it is incredibly impactful for the retirees our pension funds serve, the workers who work to build the buildings and for the retirees who are provided with a secure retirement."

Monty Anderson Executive Secretary, Seattle Building & Construction Trades Council

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"I am 100 percent behind investments that put union pension dollars back to work creating good jobs and revitalizing our communities."

Gary LaBarbera President, Building and Construction Trades Council of Great New York

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"The AFL-CIO's investment vehicles work to build in communities around our great nation. This is something the whole labor movement should take pride in. Whether the fund is active in your backyard and whether you are a member of a building trades, service or industrial union, an investment in the BIT is a strong choice for pension funds and one which carries forth our collective values every day."

Al Ekblad Executive Secretary, Montana State AFL-CIO

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"The AFL-CIO ITC ensures access to pension investment products that are managed with labor's values in mind. When the AFL-CIO decides to offer labor-sponsored investment vehicles, the ITC works tirelessly to make sure this is carried out in a way that can make the labor movement proud of the results."

Newton B. Jones President, International Brotherhood of Boilermakers

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"Union pension investments must represent a worker-owner view of value that emphasizes management accountability."

Greg Floyd President, IBT, Local 237

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"Stewardship of our members' pension capital is one of our most important responsibilites--ensuring a secure retirement for those who have come before and that the same security is available for our current workforce. When we put some of that capital to work in job-generating investments, our pensions become stronger. The ITC's work with the BIT helps to make this possible."

Kenneth W. Cooper International Secretary-Treasurer, International Brotherhood of Electrical Workers (IBEW)

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"We can’t just talk the talk when it comes to investments. We must walk the walk. It is critical that we support funds that vote 100 percent in line with the AFL-CIO’s Proxy Voting Guidelines."

John Doherty Business Manager/Financial Secretary, IBEW Local 6

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“The ITC helps us ensure that money invested by working families is done so in a way that reflects the highest level of labor standards and attention to our values.”

Steve Tolman President, Massachusetts AFL-CIO

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"The rise in focus on the labor movement’s “capital strategies” is a key element of our bargaining power going forward. When the impact of our pension investments support our organizing efforts, we are creating a strong future for our members."

Francis X. Callahan, Jr. President, Massachusetts Building Trades Council

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"Solidarity is a word that defines the labor movement. When our pensions invest their capital with AFL-CIO-branded investment vehicles, our pension capital works in solidarity with our current workforce and our current economic priorities. The result is powerful."

Pat White President, St. Louis Central Labor Council, AFL-CIO

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"Understanding where our pension capital is invested is a critical tool for our unions. When money managers understand that our members' retirement savings are the source of their investment capital, we have a seat at the table. ITC works every day to broaden the pension community's access to investment products that are invested in alignment with our values."

Lou Antonellis Business Manager, IBEW Local 103

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"The AFL-CIO Investment Trust Corporation is a key partner in NABTU's efforts to expand its Capital Strategies program and ensure we hold our investment managers accountable for how they invest our pension capital."

Terence M. O’Sullivan General President, LiUNA!

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"The AFL-CIO’s investment vehicles share our commitment to ensure the highest possible standards of honest, integrity and professionalism."

Art Pulaski Executive Secretary-Treasurer and Chief Officer, California Labor Federation

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"The AFL-CIO Investment Trust Corporation plays a role in helping to create union jobs while promoting positive labor relations."

Kenneth E. Rigmaiden General President, International Union of Painters and Allied Trades (IUPAT)

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"The New York City Labor Movement is committed to making sure that working people have a voice in their workplace. When our pension dollars work in tandem with our organizing efforts to bring workers' voices to the board room, our voice is magnified."

Vinny Alvarez President, New York City Central Labor Council, AFL-CIO

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"On average CEOs at S&P 500 companies earn 331 times more than the average worker. In other words, these CEOs are making $11.7million a year on average. The AFL-CIO investment programs are a critical way the labor movement can have a large voice to ensure more fairness in executive compensation."

Stephanie Bloomingdale President, Wisconsin State AFL-CIO

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"When we use shareholder activism we can influence companies on issues such as executive pay and corporate political spending disclosure."

Robert G. Reiter, Jr. President, Chicago Federation of Labor

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*THIRD PARTY INFO
PNC Bank, National Association (PNC Bank) is the trustee for the BIT. PNC Bank licenses from the AFL-CIO the use of the name “AFL-CIO” in connection with the fund’s name and its activities. Opinions or statements herein by third parties are not representations, warranties, or opinions of PNC Bank. The inclusion or listing of these third parties also should not be considered an endorsement by these third parties. No individuals quoted or mentioned in this material were compensated or received remuneration of any kind.

ourunionsupporters

Labor at Work

Learn more about the Investment Trust Corporation
and its work in transforming the lives of construction workers.
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Click below to view some of our videos.

WOLF POINT WEST

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FLUX APARTMENTS

see video

ITC AND THE IUPAT

see video

ITCVideos

THE LABOR MOVEMENT

AFL-CIO

The American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) is the largest federation of unions in the United States. It is made up of 55 national and international unions, together representing more than 12 million active and retired workers.

Learn more

NABTU

North America?s Building Trades Unions (NABTU) are a labor federation of 14 North American unions in the building trades and construction. Since 1907, NABTU has been dedicated to the stability of employment and economic security of organized construction workers in North America.

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