"The B4IG Coalition pushes forward Living Wage as a Corporate Priority", 21 June 2021

[T]he coalition held its Board meeting on June 21... The meeting culminated with a major decision that confirms B4IG’s leadership on the social dimension of sustainability, the adoption of a statement calling to action on living wage...

Addressing living wage is at the essence of the B4IG Pledge taken by all member companies. Companies can contribute significantly to alleviating poverty in their workplaces and their supply chains, by contributing to creating decent working conditions...

This crisis has reinforced the essential role of businesses in providing a decent standard of living as well as being a driving force in poverty eradication. ..

The right to a decent standard of living is a salient human right and it is the responsibility of businesses to provide living wages to their workers...

The B4IG coalition thus calls on corporations and business organisations to support efforts such as the Call to Action on Living Wage launched by IDH as a step towards a more equitable and more sustainable way to do business.

Full text of the Call to Action by IDH– The Sustainable Trade Initiative:

BETTER BUSINESS THROUGH BETTER WAGES

Take action towards a living wage...

Eradicating poverty wages makes business sense

The old business model looked to low wages as a profitability driver. The new model sees well-paid workers as an integral part of a profitable, sustainable and resilient business. Paying a living wage provides a decent standard of living for workers and their families. It has been shown to reduce worker turnover and improve motivation and morale, creating a virtuous economic growth cycle...

Business plays a key role

Helping workers achieve a living wage is a responsibility shared across the entire supply chain. Yet we, the business community, must be the driving force. That’s why we are committed to taking action and working together to have as a minimum a living wage for everyone in the workplace.

We call on other companies to do the same. Join us in the Roadmap on Living Wages, developing and scaling up solutions for workers in global supply chains with the ultimate goal of a living wage.

With the companies that join, we will form a working group under the umbrella of the Living Wage Roadmap...