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Closing the Living Wage Gap

April 11, 2022 EcoVadis EN

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 EN

EcoVadis is a purpose-driven company dedicated to embedding sustainability intelligence into every business decision worldwide. We offer a full range of solutions including IQ-Plus Risk & Compliance Management, EcoVadis Ratings, and Carbon Action Module for Scope 3 Decarbonization. Key features like 360/Live News Monitoring, Academy E-learning and Corrective action plans help companies comply with ESG regulations, reduce GHG emissions, and improve the sustainability performance of their business and value chain across 220 industries in 180 countries.

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