At the IDH Living Wage and Living Income Summit in Rotterdam on June 30, Arthur van Mansvelt (Achmea IM) and Fransje Puts (MN), on behalf of the Platform Living Wage Financials, announced an investor letter on living wages and living incomes. The letter is already backed by 53 signatories, representing more than EUR 8 trillion in assets under management. It will be sent to a broad group of investee companies of the undersigned investors, with a specific focus on companies that are not yet part of the PLWF engagement programme. This approach aims to send a clear signal to a wider group of companies on the importance of taking action.
Recent research by the World Benchmarking Alliance shows that fewer than 5 percent of the world’s 2,000 most influential companies disclose a commitment to a living wage for their direct workforce, while only 3 percent report taking action to support living wages and living incomes within their supply chains. With 2030, the deadline to achieve the Sustainable Development Goals, approaching, PLWF and supporting investors call on global corporates to take concrete steps on this topic.
We welcome the growing coalition of investors supporting this call and thank the UN Global Compact, WBCSD and IDH for endorsing the letter.
Investors can sign on until July 9th through this link or contact plwf@vbdo.nl for more information.