The Platform Living Wage Financials (PLWF) is an unprecedented coalition of 15 financial institutions that encourages and monitors investee companies to address the non-payment of living wage in global supply chains.
As an investor coalition with over €3.2 trillion of Assets Under Management and advice, we use our influence and leverage to engage with our investee companies. We measure their performance on living wage, we discuss the assessment results and we support innovative pilots. Lastly, we make sustainable investment decisions based on (the lack of) progress subject to individual choices and policy preferences of each Platform member.
The PLWF consists of the following members: ABN AMRO, Achmea Investment Management, Actiam, Aegon, Amundi, ASN Bank, a.s.r., BMO Global Asset Management, ING, Kempen Capital Management, MN, NN Investment Partners, PGGM, Robeco and Triodos Investment Management, who collectively represent over €3.2 trillion AUM.
Benefits of living wage
By guiding and assessing the companies and building a ‘benchmark’ to determine which companies have been leading on the issue and which need to do more, we aim to motivate the ‘laggards’ to follow their better-performing peers.
Adherence to international guidelines and contribution to the 2030 Agenda