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Closing the Living Wage Gap

April 11, 2022 EcoVadis ‏‏‎

Living wage programs are a continuous process that requires ongoing stakeholder engagement, partnerships and benchmarking. 

Global living wage programs - across diverse operations and supply chains - require global data collection and management, as different geographies have different living wage requirements. 

Collaborative efforts: Buyers play a role through improving procurement practices, and suppliers through employment practices and social dialogue.

A joint discussion between IDH, Schneider Electric and L'Oréal on benchmarking methods to help define and achieve wage gap reduction targets.

 

About the Author

EcoVadis ‏‏‎

EcoVadis is the world’s most trusted provider of business sustainability ratings, intelligence and collaborative performance improvement tools for global supply chains. Backed by a powerful technology platform and a global team of domain experts, EcoVadis’ easy-to-use and actionable sustainability scorecards provide detailed insight into environmental, social and ethical risks across 200+ purchasing categories and 175+ countries.

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