Work within Society is fundamental and working to ensure that it can keep pace withtechnological and social evolution is equally so.
Digital and technological evolution has transformed work into something new, with the inclusion of smart working, artificial intelligence and the automation and robotics industry. Work may therefore have become more 'flexible', and therefore less standardised, but it is also more precarious and unstable and perhaps even less protected.
For this reason, it is crucial not only to adapt to technological progress, but also not to forget workers' rights so that work can have a strong positive impact on Society, so that safety, working conditions and human rights are guaranteed.

The objectives that mutual funds can pursue to promote sustainable work can be linked to investment inautomation and industry-related issues, or even through voluntary membership of bodies that make engagement, good governance and networking their main purpose. However, for all funds wishing to invest in labour issues, it is essential to respect the core labour principles (ILO).

Sustainable investors use different management strategies:
- The Exclusion Appro ach: Many funds approach the topic by excluding Society that do not comply with international labour and safety at work (ILO) standards.
- The Regulatory Approach: Many funds take great account of core labour standards (ILO) in addition to child labour standards and OECD corporate governance principles.
- Best practice: Some funds encourage employee engagement, inclusion and labour preservation plans.
- Engagement: Many funds act through engagement (exercising voting rights at shareholders' meetings, working with management) and through membership with organisations focused on good governance and networking.

We use 75 criteria to calculate the importance of labor in the activity of mutual funds in our universe.
We find a fairly even distribution for mutual funds that decide to use an approach aimed at Screening their holdings by excluding those that do not repect labor principles (ILO principles). From the point of view of ESG Risk management, an important participation of Society also stands out with regard to engagement activities in the meetings and the evaluation of the remuneration policies of the holdings in which they invest.

Given the critical issues related to working conditions and the number of injuries and deaths, the European Union has pointed to a number of negative labor impact indicators that they recommend sustainable mutual funds monitor.

Unfortunately, these are optional indicators, which are not among the primary indicators required of all sustainable funds, and therefore have less scope, despite the seriousness of the issues addressed:

• Investment in companies without occupational injury prevention policies:
  The Share of Investments in Society investees without a policy of work accident prevention.
• Accident rate:
  The Accident Rate in the Society participated expressed as a weighted average.
• Number of days lost due to injury, accident, death or illness:
  The Number of working days lost due to injuries, accidents, deaths or illnesses of Society participated expressed as a weighted average.
• Lack of a supplier code of conduct.:
  The Share of Investment in Society investees whose suppliers lack a code of conduct.
• Lack of a mechanism for handling grievances/complaints related to employee issues:
  The Share of Investment in Society participated without any mechanism for handling complaints/complaints related to employee issues.
• Insufficient protection of whistleblowers:
  The Share of Investment in Entities without Whistleblower Protection Policies.
• Operations and suppliers at significant risk of using child labor:
  The Share of Investments in Society investees exposed to operations and suppliers that have a significant risk of incidents of minors being exposed to hazardous labor in terms of geographic area or type of operation.
• Operations and suppliers at significant risk of using forced or compulsory labor:
  The Share of Investments in Society investees exposed to operations and suppliers at significant risk of incidents of forced or compulsory labor.