Living wage

ESG Parameter

19

8

63

The "Living Wage" parameter goes beyond the minimum wage requirement, assessing whether suppliers pay wages that are sufficient for workers to afford a decent standard of living in their specific location. A living wage covers not only the basic needs (like food, clothing, and housing) but also allows for discretionary spending and savings. This concept is essential for ensuring that work provides a sufficient income to maintain a decent quality of life, which is a key aspect of social sustainability.