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Pharma giant GlaxoSmithKline and British fashion house Burberry have signed up to the LIving Wage pledge, bringing the number of FTSE 100 companies who have applied for accreditation with the LIving Wage Foundation to 23.
ShareAction, the responsible Investment charity, has been mobilising institutional investors in an Investor Collaborative for the Living Wage, from asset managers to pension funds to faith and charitable investors, to encourage the FTSE 100 to adopt the UK Living Wage standard since 2011 based upon the understanding of its long-term benefits to businesses.
ShareAction chief executive Catherine Howarth says: “We’re thrilled to see these major British companies adopt the UK Living Wage and proud of the role we played in co-ordinating shareholders to press for this result. We hope to see more FTSE 100 firms adopting the UK Living Wage and will continue to work with major shareholders to make that happen.”
Picture credit: © Peterguess | Dreamstime.com - Wallet Photo
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