US union, non-profit request PRI delist private equity firm PAI Partners
A US trade union and a non-profit organisation called the Private Equity Stakeholder Project (PESP) have written to the Principles for Responsible Investment (PRI) requesting the delisting of private equity firm PAI Partners in connection with one of its portfolio companies.
In a letter to PRI chief executive officer David Atkin, representatives of the United Electrical, Radio and Machine Workers of America (UE), a trade union, and the PESP alleged that PAI Partners’ portfolio company Refresco, a beverage bottler, was engaged in practices that endanger the environment and the health and safety of its workforce.