Created in partnership with the Helpdesk on Business & Human Rights
Schneider Electric
Partnering with Independent Advisors to Implement a Living Wage Commitment- Related Issues:
- Living Wage
- Due Diligence Stages:
- 2. Impact Assessment,
- 3. Taking Action
- Countries:
- France,
- Multiple countries
- Business Sectors:
- Energy
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contact@maplecroft.com
In line with its Human Rights Policy and Principles of Responsibility, Schneider Electric believes earning a decent wage is a basic human right. Schneider is committed to paying employees in the lower salary ranges at or above a living wage to meet their family’s basic needs. By basic needs, the Group considers food, housing, sanitation, education, healthcare plus discretionary income for a given local standard of living.
In 2018, Schneider started working with an independent advisor — Business for Social Responsibility (BSR) — to implement a living wage commitment. Schneider Electric has initiated a global process to analyze wage levels and employment practices against local living wage standards set by BSR. To date the analysis has covered 63 countries, reaching 99% of the Schneider footprint. This partnership and process will continue and will progressively extend its scope to the Schneider supplier network.
Related
Cellnex Telecom
Cellnex Telecom
COFIDES
Gender Inclusion in the Financial Industry
Related Issues:
Due Diligence Stages:
Countries:
Business Sectors: