Session recorded on May 14, 2024 Living Wage
Human RightsThis webinar will explore paying the living wage to workers across value chains, in the context of navigating ESRS & human right imperativesThe recent wave of inflation has dramatically impacted vulnerable workers at risk to work and stay in poverty. The CSRD requires that eligible companies disclose whether direct workforce as well as workforce in the value chain are operating above living wage. Growing human rights regulations are also calling for due diligence and action plans wherever appropriate. This requires clarity on definition and concrete thresholds to define what living wage can be. This also requires digital tools enabling informing workers and collecting data to ensure companies and their suppliers can conduct due diligence despite the sensitiveness of the topic.

In reality, there are several problems at hand. First, defining living wage remains controversial. Secondly, most data providers in the space are unable to generate reliable, up-to-date, granular data to reflect the actual cost of living across geographies. Thirdly, including workforce in the value chain remains complex.

In the context of these challenges, this webinar will engage in a discussion addressing the following concrete aspects of solutions:

1. Building approaches on one clear, credible, and consensual definition of living wage
2. Exploring a key example provided by the MIT Living Wage Institute generating quality and open source data that can serve as a great basis for due diligence where deployed
3. Exploring the tools developed by Ksapa working with clients to engage workforce across companies and targeted workforce in supply chains to conduct due diligence and generate reporting aligned with CSRD and ESRS requirements. Documents Download presentation Download Audio Podcast Session recording

The blog post Webinar: Paying the Living Wage Across Value Chains: Navigating ESRS & Human Rights first appeared on Ksapa - en.