#93 Petter Forslund: Living Wages – Where Are We Now?

Is the world on track to achieving living wages?

In this episode of the Frankly Speaking podcast, Richard Howitt was joined by Petter Forslund, Engagement Manager at AP2, Sweden’s second national pension fund, and Steering Committee Member of the Platform Living Wage Financials, an investor coalition that supports companies in providing living wages in global supply chains.

Together they assessed to what extent there has been global improvement in firms paying a living wage, as well as why investors should help to drive social standards in companies and their supply chains. You’ll also hear more about:

• The Platform Living Wage Financials' Benchmark on company performance on living wages, including its main findings  

• How the Platform prioritises dialogue when engaging with companies, only using divestment as the final option  

• The reasons behind the ongoing need for changes in methodology around the living wage

• The weaknesses in the social auditing process, and how the Platform is working to improve it

• The issue of adequate wages in the revised European Sustainability Reporting Standards (ESRS), and how it discriminates against non-EU workers

• The Swedish perspective on the debate on sustainability and fiduciary duty  

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