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The new annual report of the Platform Living Wage Financials (PLWF) has been published – Turning Commitments into Action: Defining the Future for a Living Wage. The report describes the status of the theme within the clothing and footwear industry and the food agriculture sector and how financial institutions work together to promote living wages in global chains. PLWF shows that engagement and active dialogue with companies lead to significant changes on the work floor.
Key insights from the PLWF report:
- Growth in sectors: More and more sectors are open to the concept of a living wage.
- Concrete results: Thanks to more intensive engagement, various companies are adapting their wage policies.
- Increasing collaboration: New partners are joining the platform, further increasing the impact.
The role of VBDO at PLWF
VBDO is one of the driving forces within PLWF. We are committed to making investors and companies aware of their responsibility for fair wages. Through knowledge exchange, benchmarks and targeted dialogue, we keep the pressure on and drive continuous improvement.
PLWF Annual Report 2024
Curious about the insights and challenges? Read the full report here and discover where your organization can contribute to a fair wage for all.
