UK: Investors demand companies pay workers living wage

Author: Julie Irvine, Economia, Published on: 2 December 2019

"Investors demand FTSE companies pay the Living Wage", 28 November 2019

A group of 21 large institutional investors has written to 15 FTSE 350 company chief executives setting out the business case for paying the real living wage.

The investors – who include Legal & General Investment Management, Hermes EOS, BMO Global Asset Management and Friends Provident, as well as a number of pension funds and charitable trusts – make it clear that they are putting their weight behind the ShareAction campaign to encourage businesses to sign up for Living Wage accreditation.

They argue that paying a fair wage boosts productivity, reduces staff turnover, improves employee relations and reduces the risk of negative reputational or operational damage caused by industrial action...

...The 15 comprise some of the UK’s household names: JD Sports, Just Eat, Hargreaves Lansdown, British Land, Rentokil Initial, Aveva Group, Flutter Entertainment plc, Phoenix Group, Halma, DCC, International Consolidated Airlines Group, United Utilities, Polymetal International, Smurfit Kappa, and Royal Mail...

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Related companies: AVEVA Group British Airways British Land DCC Group Flutter Entertainment Halma Hargreaves Lansdown International Consolidated Airlines Group Jefferson Smurfit (now Smurfit Kappa) Just Eat Phoenix Group Polymetal International Rentokil Initial Royal Mail United Utilities