Resources

Invitation to the 5th PLWF conference

The Platform Living Wage Financials is preparing for its 5th annual conference:  Date: October 13th, 2022 Time: 13:30 – 18:00 PM CET   Dear Sir or Madam, You are invited for the annual event of the Platform Living Wage Financials that takes place on the 13th of October at the headquarters of ING Investment Management in Amsterdam. Awareness on living wage and income has increased in the last couple of years. The PLWF members see companies’ action on implementing living wage and income maturing. However, long...
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Good practices from the Garment & Footwear sector: a company guidance

Providing guidance to investee companies in order to drive sector-wide changes is an integral part of the PLWF’s meaningful engagement approach. By education ourselves on the topic of living wage and living income and conducting our annual company reviews, the members are geared with the right tools to do so. In addition, engaging multiple companies from three focus sectors allows us to stimulate intra-sectoral and intersectoral learning by sharing good practices. The PLWF is proud to share an updated version of its Good Practice Guidance for...
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Labouring for a living wage

The 1st of May has been recognised and celebrated as the International Workers’ Day since 1889. Yet, while progress has certainly been made on respecting and institutionalising workers’ rights, a lot of work remains to be done, especially with regard to living wages for all. The concept of living wages is well embedded in the international human rights discussion. The United Nations’ Universal Declaration of Human Rights (1948) reads (article 23): “Everyone who works has the right to just and favourable remuneration ensuring for himself and...
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The Human Right to Living Wages

Join us in this webinar hosted by the Platform Living Wage Financials, taking place on Friday 25th February 2022, 1-2pm CET. The Platform Living Wage Financials is a coalition of investors working to engage our investee companies, in the Garment & Footwear, but also the Food Retail and Agricultural sectors, on their implementation of living wages. We assess companies on our methodology covering 8 key pillars: policy, engagement with multi-stakeholder initiatives, engagement with trade unions, assessing impacts, integrating findings, tracking performance, remedy and transparency. We encourage...
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PLWF Conference 2021: Opening speech by PRI’s CEO Fiona Reynolds

On October 28th, PLWF hosted its fourth annual conference. Our members, together with industry experts and brands, discussed the PLWF’s 2021 assessment outcomes, shed light on recent developments and looked ahead to what is needed to further accelerate the living wage and living income agenda in the garment, agri-food, and food retail sectors. We were honored to have an opening speech by Fiona Reynolds, CEO of the Principles for Responsible Investment. However, technical issues prevented us from showing it during the conference. We therefore invite you...
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PLWF’s 2021 Report: The importance of long-term investor engagement on living wage

In its first Annual Report, ‘The importance of long-term investor engagement on living wage’, investor coalition PLWF presents the outcomes of the 54 living wage and living income assessments that it has conducted for investee companies. The members of the PLWF identify a number of key outcomes for the garment, footwear, food, agriculture and retail sectors, and share industry best practices. Together with Friends of the Platform, the coalition reflects on recent developments and looks ahead at what is needed to further accelerate living wages and living...
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PLWF sharing good practices on living wage

Interview with Andrea van der Kemp, Project & Supplier management at L. ten Cate  Dutch SME ten Cate has recently published a living wage gap analysis. This is a result of their first steps toward paying a living wage in production supply chains of their garments. Although it is not a publicly listed company, the PLWF chose to showcase the ten Cate example as a best practice, as the company is among the very few publicly reporting on the ‘living wage gap’ that they identified.   Transparency...
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Invitation to the PLWF Annual Conference 2021

Date: 28th October 2021 (both in person and online) Time:  14:30 – 19:00 PM CET Place: De Reehorst, Triodos IM Offices, Driebergen-Rijsenburg   Dear PLWF supporter, You are invited for the annual event of the Platform Living Wage Financials that takes place on 28th of October at De Reehorst, the office of Triodos Investment Management in Driebergen-Rijsenburg, The Netherlands. Our programme will be available for live attendance at the Triodos IM’s premises. Please note that registration for the live event will be on a first come...
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The PLWF: three years of growing impact

Today marks the 3-year anniversary of the Platform Living Wage Financials. On this date in 2018, eight Dutch financial institutions celebrated the formal launch at founding partner MN in The Hague, of their joint initiative to promote living wages in global supply chains. By starting to engage with investee companies on this systemic issue, the founding members aimed to advance living conditions for workers worldwide, as well as to reduce related risks, such as child labor and excessive overtime.  Expanding collective leverage Over the last years,...
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In memory of Professor John G. Ruggie

The PLWF is saddened by the news of Professor John Ruggie’s passing away. Mr Ruggie was the founder of the UN Guiding Principles on Business and Human Rights on which our methodology is so heavily built. The ‘Ruggie Principles’ are the foundation of our platform. We want to express our deepest respect and gratitude for the man who has so profoundly affected our work and that of many others all over the world. John Ruggie has been a true inspiration for the business and human rights...
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PLWF reflects on the impacts of Covid-19 during OECD Forum

On the 2nd of February, the Platform Living Wage Financials hosted a webinar on the Garment and Footwear sector and the effect of Covid-19 on living wage. The webinar was part of the OECD Forum on Due Diligence in the Garment and Footwear Sector and focused on the investor’s perspective: How Covid-19 exacerbated the need to ensure workers’ livelihoods and accelerate the payment of living wages. During the webinar, four of the platform members – Amundi, ASN Bank, Robeco, and Triodos Investment Management – shined their light on the...
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Due Diligence in the Garment and Footwear Sector

Join us in this webinar hosted by the Platform Living Wage Financials during the OECD Forum on Due Diligence in the Garment and Footwear Sector, taking place on February 2nd – 13-14h CET. We’ll share our engagement work with the fashion industry and discuss how COVID-19 exacerbated the need to ensure workers’ livelihoods and accelerate the payment of living wages. Dial into the meeting by following this link, or call in (audio only): +31 20 399 0213, 118440988#   Netherlands, Amsterdam Phone Conference ID: 118 440 988# Find a local number | Reset PIN

The impact of Covid-19: the PLWF’s observations from the garment and footwear sector

The Covid-19 pandemic has had immense impacts on the garment and footwear sector, including in global supply chains. For the PLWF, Covid has reinforced the need to accelerate the payment of living wages but has also necessitated the broadening of our assessment scope to account for the impacts of Covid-19 on garment workers globally. To do so, the PLWF created a supplementary methodology to evaluate how investee companies under PLWF engagement were responding to Covid-19 in their global supply chains while taking into account the business...
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PLWF statement calling for improved transparency in the luxury fashion sector

Members of the Platform Living Wage Financials have prepared a joint letter addressed to the luxury goods sector: PLWF statement calling for improved transparency in the luxury fashion sector Why the PLWF has decided to launch a joint letter focusing at luxury goods companies The purpose of the letter is to call for increased transparency around the identification and management of material ESG issues in the sector, including efforts on living wage, and call for an improved dialogue on these issues. The PLWF acknowledges that the luxury...
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PLWF at the OECD Forum on Due Diligence in the Garment and Footwear sector

The Platform Living Wage Financials (PLWF) remains a relatively young investor coalition. However, engaging and assessing companies in the garment and footwear sector for close to two years already offers interesting insights into the progress these companies have achieved, which areas of the assessment methodology have seen the most improvement and which the least, and how these experiences shape our priority engagement areas in 2020. We have presented some of these insights during the 2020 OECD Forum on Due Diligence in the Garment and Footwear sector in...
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Platform Living Wage wins PRI Active Ownership Project of the Year Award

Paris, 10 September 2019. Platform Living Wage Financials (PLWF) has won the international PRI award for best initiative in the field of socially responsible investment and active ownership. The “PRI Awards” is an award initiative, designed to present best practices in the field of responsible investment. The projects nominated were assessed on the basis of their success in contributing to the mission of the PRI to realize a sustainable financial system. As part of this, the scale and ambition of the objectives of the project and...
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ABN Amro, Amundi and ING join the PLWF

Collective leverage increases to €2,3 trillion in Assets Under Management As of 31 January 2019, the Platform Living Wage Financials (PLWF) has expanded from eight to eleven members.The addition of two major Dutch banks ABN AMRO and ING and Europe’s largest asset manager Amundi implies not only a significant expansion of collective leverage, but it also enables the PLWF to expand its overall reach to more sectors, companies, suppliers, and ultimately workers. This should, in turn, enable the investor coalition to be more effective in advancing sectoral...
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September 27th 2018: the Platform Living Wage Financials is launched! 

On September 27th 2018, the Platform was formally launched with a festive event at MN in The Hague. Members of the Platform at that time were: ASN Bank, MN, Achmea Investment Management, Triodos Investment Management, Kempen, Robeco, NN Investment Partners, a.s.r.

Click here for a photo impression of the event or check the video.