What is the purpose of the Platform Living Wage Financials?

The Platform Living Wage Financials serves as an initiative that specifically aims to mobilize investors to advocate for and promote the payment of living wages within supply chains. This initiative recognizes that living wages are a crucial aspect of sustainable development and corporate responsibility. By focusing on investors, the platform encourages them to use their influence and financial power to promote fair wage practices throughout the businesses and suppliers they invest in.

In doing so, it aims to raise awareness within the investment community regarding the importance of addressing wage discrepancies and ensures that workers receive compensation that covers their basic needs for a reasonable standard of living. This approach not only benefits employees but can also enhance the sustainability and ethical profile of the companies involved, creating a more responsible investment landscape overall. The emphasis is on collaborative efforts between investors and companies to foster an environment where living wages are recognized as a measurable standard within sustainability criteria.