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 a purpose-driven company whose mission is to provide the world's most trusted business sustainability ratings. Businesses of all sizes rely on EcoVadis’ expert intelligence and evidence-based ratings to manage risk and compliance, drive decarbonization, and improve the sustainability performance of their business and value chain. Its AI-powered risk mapping, actionable scorecards, benchmarks, carbon action tools, and insights guide a resilience and improvement journey for environmental, social and ethical practices across 200 industry categories and 175 countries.

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