Driving Progress: Partnerships and Multi Stakeholder Engagement

Living Wage Deep Dive Series

A living wage is an essential component of decent work and a cornerstone of sustainable development, contributing directly to several of the Sustainable Development Goals (SDGs). It is an integral part of a people-centered sustainability approach. Yet, over a billion working people worldwide - roughly a third of all workers - are estimated to earn less than they need to afford a decent standard of living.

With this in mind and against the backdrop of the inclusion of a living wage in the Corporate Sustainability Due Diligence Directive (CSDDD), as well as a new tripartite agreement by the International Labour Organization, companies are increasingly taking action to ensure a living wage.

Paying a living wage is not only an important component of corporate social responsibility, but also offers businesses significant opportunities. Committing to being a living wage employer supports a happier, healthier, and more productive workforce, reduces turnover costs and addresses the concerns of consumer, investor, and shareholder regarding respect for workers' rights. Additionally, it enhances supply chain resilience and strengthens relationships.

Over the course of three Deep Dive Sessions, the Living Wage Series offers companies and non-business stakeholders an introduction to key components of a living wage.

Session 3 | Driving Progress: Partnerships and Multi Stakeholder Engagement

This session will explore the challenges and opportunities for businesses in working together with other stakeholders — including their peers, governments, employers’ and workers’ organisations, UN agencies, and civil society — to advance the living wage agenda in different contexts and sectors. Through this webinar, participants will learn practical steps to enhance their collaboration with other stakeholders as well as the positive impact of an enabling environment for living wages.

Learn more and register for the other two sessions here.