Triggering a snowball effect
If we are to reach the 1 in 5 workers who still live below the poverty line, we must move forward together and aim for the highest standards, together. Cascading the approach throughout worldwide value chains requires dialogue, collaboration and the establishment of shared frameworks with supply chain partners, other business, civil society, governments and more.
This is what we are have been trying to achieve by working alongside a number of other committed companies. We have joined IDH (sustainable trade initiative)’s call to action “Better Business through Better Wages” and are calling on other companies to join us in the roadmap on living wages, developing and scaling up solutions for our employees and workers in global supply chains with the ultimate goal of a living wage.
L'Oréal is also a member of Business for Inclusive Growth (B4IG), through which we have been collaborating with the OECD and other companies to push the living wage on the sustainability agenda, as well as the UN Global Compact Decent Work in Global Supply Chains action platform, where L’Oréal is collaborating with other companies and sharing best practices and challenges on the living wage journey.
Only by working closer together than ever before will we be able to remove barriers, trigger a snowball effect and help raise living standards for as many people as possible.