Workforce Disclosure Initiative: Promoting transparency in global supply chains

79 investors, with $8 trillion AUM, backed the first year of the Workforce Disclosure Initiative. These investors are calling for transparency from companies on how they manage workers. The 2017 Workforce Disclosure Initiative survey was sent to 75 global companies. Responses are coming in and are being analysed. The ultimate goal is to improve the quality of jobs in the operations and supply chains of multinational companies.

Frequently Asked Questions

Why this is important and what we’re doing about it

There are too many poor quality and precarious jobs around the world. The United Nations recognised this in the 2015 Sustainable Development Goals. Goal 8 calls for ‘decent work for all’. Multinational companies have a key role to play in meeting this goal. Through their operations and supply chains, they are responsible for the living and wellbeing of millions of workers. Importantly, it’s been shown that both companies and workers can benefit from creating better quality jobs.

As shareholders of these companies, institutional investors are well placed to make a difference. The Workforce Disclosure Initiative (WDI) mobilises these investors to push for better jobs. The first step is to make sure companies disclose comparable workforce information. Investors can then use this data to engage with companies and drive a race to the top.

The WDI brings investors together to request comparable data from companies via an annual survey. Its ultimate goal is to improve the quality of jobs in multinational companies’ operations and supply chains. The WDI is funded by the Department for International Development (DFID) and run in partnership with Oxfam. A wide range of other stakeholders are helping to shape the WDI. These include Canada’s Shareholder Association for Research and Education (SHARE), consultants Lake Advisory, and other private sector and civil society organisations. The initiative is also endorsed by the Pensions and Lifetime Savings Association (PLSA).

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Clare Richards Programme Manager - Good Work

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Colette St-OngeWorkforce Disclosure Initiative