UK: National Grid becomes accredited living wage employer

Author: Blue & Green Tomorrow, Published on: 9 September 2015

"ShareAction welcomes National Grid into growing number of FTSE 100 accredited as Living Wage employers", 7 Sep 2015

National Grid’s decision to accredit as a Living Wage employer brings the total number of FTSE 100 companies that have announced or applied for accreditation with the Living Wage Foundation to 24. National Grid employs 12,000 people in the UK, and so this makes it one of the largest employers yet to sign up to the Living Wage. ShareAction, as a responsible investment charity, has been mobilising institutional investors in an Investor Collaborative for the Living Wage, which includes asset managers, pension funds, faith and charitable investors, to encourage the FTSE 100 to adopt the UK Living Wage standard since 2011 based upon the understanding of its long-term benefits to businesses. These major institutional investors have been entering into dialogue with the FTSE 100 to express support for the UK Living Wage through joint letter writing, AGM questions, and direct meetings with the companies.

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Related companies: National Grid