2018 was marked by a successful launch of the Platform Living Wage Financials (Platform) and a rapid expansion of the collaboration. From three founding members in March 2018, the collaboration grew to eleven members in Q1 2019 (a.s.r., ABN Amro, Achmea Investment Management, Amundi, ASN Bank, ING, Kempen, MN, NN Investment Partners, Robeco and Triodos Investment Management).
With respect to the products of the Platform’s work, we have identified two important objectives that should guide our work in 2019: to continue to produce high-quality content and effectively stimulate improved company performance on living wage.
In 2018, the Platform has drawn authority and recognition from the high-quality content we have produced, in particular, the high-standard we have set for assessing our investee companies against a UNGP-aligned living wage assessment methodology. Since we believe this high standard forms the cornerstone behind the Platform’s success, keeping this standard high is an important objective going forward.
At the same time, to more effectively stimulate improved company performance on living wage, we will explore tools and approaches that have the potential to create additional incentives for companies to upgrade their operations in a way that improves living wage (and other human rights). This could be, for example, by developing best practice guidelines, producing high-quality reporting, and continuously integrating the feedback of external stakeholders engaged with the topic of living wage.
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