Living wage in the retail sector
Insights

Living wage in the retail sector

2021 kicked off another year of uncertainty, we saw the proliferation of lockdowns and further restrictions on our ability to travel, as well as no end of supply chain disruption, be it caused by the pandemic or broader economic factors. That said, the overarching sentiment was a return to business as usual, if only from the perspective of a new normal. This thinking translated into our engagement on a living wage. At the start of the pandemic, we felt sympathy for retailers dealing with the devastating consequences of Covid-19 with furlough, redundancies and employee safety concerns being top of mind. However, in 2021, we took the view that there was no longer any excuse for inertia on this topic.

As highlighted in our 2020 update, the importance of improved employee pay and benefits increased. This is backed up by data disclosed in the World Economic Forum, The Global Risks Report 2022, where the ‘livelihood crises’ was flagged as the second most immediate threat to the world according to respondents. Here, the report notes that the “structural deterioration of work prospects and/or standards for the working-age population: unemployment, underemployment, lower wages, fragile contracts, erosion of worker rights etc” could cause significant negative impacts for many industries and countries over the next 10 years.

Through our engagement on a living wage, whilst we note some progress in terms of increased pay and benefits to the direct employees of retail companies, improvements for workers in the supply chain have been more limited. Through our work with collaborative investor initiatives and as highlighted in the Platform Living Wage Financials (PLWF) 2021 annual report, we note enhanced supply chain due diligence on the part of investee companies, for example, in the form of on the ground wage data collection. However, tangible improvements to worker pay is taking longer to come to fruition.

13 Mai 2022
Nina Roth
Nina Roth
Director, Responsible Investment
Tenisha Elliott
Tenisha Elliott
Senior Associate, Analyst, Responsible Investment
Tim Bonds
Tim Bonds
Associate, Analyst, Responsible Investment
Share article
Share on twitter
Share on linkedin
Share on email
Hauptthemen
Verwandte Themen
Listen on Stitcher badge
Share article
Share on twitter
Share on linkedin
Share on email
Hauptthemen
Verwandte Themen

PDF

Living wage in the retail sector

Risk Disclaimer

Views and opinions have been arrived at by Columbia Threadneedle Investments and should not be considered to be a recommendation or solicitation to buy or sell any companies that may be mentioned.

The information, opinions, estimates or forecasts contained in this document were obtained from sources reasonably believed to be reliable and are subject to change at any time.

true
true

Risk Disclaimer

Views and opinions have been arrived at by Columbia Threadneedle Investments and should not be considered to be a recommendation or solicitation to buy or sell any companies that may be mentioned.

The information, opinions, estimates or forecasts contained in this document were obtained from sources reasonably believed to be reliable and are subject to change at any time.

Verwandte Beiträge

5 Dezember 2022

Steven Bell

Director, Multi Strategy Investments

Are we heading for a Santa Claus rally?

Our Chief Economist, Steven Bell, explains why consumers are raiding their covid piggy banks but warns of a January ‘spending’ hangover.
Watch time - 4 min
2 Dezember 2022

Vicki Bakhshi

Director, Responsible Investment

Viewpoint ESG-Anlagen: Fünf Herausforderungen für Net Zero Investing

Wir gehen auf fünf zentrale Herausforderungen ein, auf die wir bislang in unserem eigenen Umsetzungsprozess gestoßen sind.
Read time - 8 min
30 November 2022

Rosa Fenwick

Director, LDI Portfolio Manager

LDI Survey, 3. Quartal 2022

In der vierteljährlichen Studie Columbia Threadneedle Investments LDI Survey befragen wir die Handelsabteilungen von Investmentbanken zu Ihren vierteljährlichen Absicherungstransaktionen.
Read time - 6 min

Das könnte Ihnen auch gefallen

Investmentansatz

Teamwork bildet eine wichtige Grundlage unseres Anlageprozesses, der so strukturiert ist, dass er die Ausarbeitung, Bewertung und Umsetzung fundierter und vielversprechender Anlageideen für unsere Portfolios erleichtert.

Fonds

Columbia Threadneedle Investments bietet eine umfangreiche Palette von Investmentfonds an, die eine Vielzahl von Anlagezielen abdeckt.

Anlagekapazitäten

Wir bieten eine breite Palette aktiv verwalteter Anlagestrategien und -lösungen für globale, regionale und inländische Märkte und Anlageklassen.

Bitte bestätigen Sie einige Angaben zu Ihrer Person, um Ihr Präferenzzentrum zu besuchen

*Pflichtfelder

Etwas ist schief gelaufen. Bitte versuche es erneut

Vielen Dank. Sie können jetzt Ihr Präferenzzentrum besuchen, um auszuwählen, welche Einblicke Sie per E-Mail erhalten möchten.

Um zu sehen und zu aktualisieren, welche Erkenntnisse Sie von uns per E-Mail erhalten, besuchen Sie bitte Ihr Preference Center.