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15 Nov 2016

Karen Maas & Marjelle Oosterling-Vermeulen, Impact Centre Erasmus, and Hansje van der Zwaan-Plagman & Charlotte Scheltus, ASN Bank

ASN Bank methodology for monitoring wages of garment industry workers showcases meaningful social impact assessment

"Garment companies and living wage: Sustainable investment and social impact measurement: The case study of ASN Bank," 14 Nov 2016

At the end of 2016, ASN Bank got in touch with the Impact Centre Erasmus to ask whether the Centre could help formulate a measurable goal in the area of living wage. This request sprang from ASN Bank’s search for a goal it could pursue to make a positive contribution to human rights…We decided to perform a baseline measurement to define the current state of affairs. In our measurement, we focused on the investment universe of the ASN Investment Funds and gradually developed a methodology. The results of these two activities have been included in this publication.

Social impact measurement is still in its infancy. Both ASN Bank and the Impact Centre Erasmus are convinced that it is therefore imperative to inform other parties not only of the results but also of the road travelled to get there. In this way, we help build the collective knowledge on living wages as well as the knowledge on social impact measurement…

[Also refers to Adidas, Amer Sports, ASICS, Asos, Esprit, Gap, Gildan Activewear, H&M, Inditex, KappAhl, Lojas Renner, Marks & Spencer, Nike and Puma.]