This group exists as a network for UK-based service provider signatories of the PRI to advance responsible investment by collaborating and sharing insights of good practice with each other and with the PRI.
The Living Wage Foundation and ShareAction have designed this toolkit to help investors in UK markets understand how and why to encourage their portfolio companies to adopt the real Living Wage. The toolkit covers what the real Living Wage is, the business case, industry specific challenges and opportunities and engagement tips for investors.
Paying the Living Wage isn’t just the right thing to do, there is growing evidence of it having business benefits too.
Businesses built on foundations of low-paid and poor quality work create a range of reputational and operational risks. These risks have the potential to negatively impact long-term sustainability of business and investment returns.
In 2017, Cardiff Business School found that 93% of Living Wage Employers reported that they had experienced business benefits from accreditation with the Living Wage Foundation. These included reputational effects, a greater ability to recruit and retain workers, lower absenteeism and higher productivity.