Investing in Responsibility: The Business Case for Living Wage Action
Session 2 of the Living Wage Deep Dive Series
Zeit & Ort
10. Dez. 2024, 11:00 – 12:30
Zoom
Über die Veranstaltung
Living Wage Deep Dive Series
A living wage is an essential component of decent work and a cornerstone of sustainable development, contributing directly to several of the Sustainable Development Goals (SDGs). It is an integral part of a people-centered sustainability approach. Yet, over a billion working people worldwide - roughly a third of all workers - are estimated to earn less than they need to afford a decent standard of living.
With this in mind and against the backdrop of the inclusion of a living wage in the Corporate Sustainability Due Diligence Directive (CSDDD), as well as a new tripartite agreement by the International Labour Organization, companies are increasingly taking action to ensure a living wage.
Paying a living wage is not only an important component of corporate social responsibility, but also offers businesses significant opportunities. Committing to being a living wage employer supports a happier, healthier, and more productive workforce, reduces turnover costs and addresses the concerns of consumer, investor, and shareholder regarding respect for workers' rights. Additionally, it enhances supply chain resilience and strengthens relationships.
Over the course of three Deep Dive Sessions, the Living Wage Series offers companies and non-business stakeholders an introduction to key components of a living wage.
Session 2 | Investing in Responsibility: The Business Case for Living Wage Action
This session will outline the combined business and societal value of paying living wages as well as examine challenges businesses face in paying living wages in their own operations and supply chains, whilst providing actions to overcome them. The session will enable participants to understand the positive impacts of a living wage, engage internal and external actors, handle pushback, and employ useful tools and resources along their living wage journey.
Learn more and register for the other two sessions here.