More About Living Wage

We believe that the Living Wage is important because a fair day’s work deserves a fair day’s pay. Ending poverty pay is good for business and good for society.

At ShareAction, we think that Britain’s biggest companies should take the lead on fair pay, and that starts with the FTSE100. We bring this issue to the fore with the bosses of these companies by mobilising savers and investors to get these companies to commit to ensuring all their staff earn enough to get by.

The Living Wage rates of £10.20 (London) and £8.75 (rest of UK) are independently calculated to meet basic needs for an individual and their family. 31 of the FTSE 100 and 2900 companies UK-wide have signed up to the accreditation standard of the Living Wage Foundation, agreeing to pay at least these rates for all their staff, including those employed through contractors on their UK sites. In practice, this means the Living Wage has an impact upon more than 68,000 families across the UK – and counting!

With more than half of pension savers saying they want their pension to engage with investee companies about the Living Wage according to a YouGov survey, we’re helping savers take their concern to their pension funds. Hearing from savers gives pension funds, as big investors, a strong impetus to raise the issue with the biggest UK companies.

To make sure these supportive investors have the maximum voice, we mobilise them together in an Investor Collaborative for the Living Wage which calls upon the FTSE100 to adopt the UK Living Wage standard.

Meanwhile, we help keep the public eye on the companies that aren’t stepping up to make sure their workers earn enough to make ends meet.

And it’s been making huge strides! Check out the successes page to see how putting the pressure on the FTSE 100 through investors is making an impact.

ARM Holdings

Following two years of AGM questions from AGM Army member Ian Hunter and investor letters to the company, the software and electronics company has now accredited as a Living Wage employer!

Aviva

The insurance company Aviva was an early adopter of the Living Wage following AGM questions from the AGM Army. They now use their power as an investor to promote it as well.

Barclays

Another early adopter of the Living Wage, Barclays became fully accredited after an AGM question. They are a vocal supporter of the business benefits of the Living Wage.

BG Group

Following letters from a group of institutional investors to the CEO of BG Group, they have now become an accredited Living Wage employer.

BHP Billiton

Letters from institutional investors sparked BHP Billiton to join the ranks of accredited Living Wage employers.

Burberry

After an AGM question, Burberry began working towards the Living Wage and became fully accredited in 2015.

Centrica

Following AGM questions, correspondence and investor letters, Centrica is now Living Wage accredited.

Experian

After investor letters, Experian has become fully Living Wage accredited.

GSK

GSK is Living Wage accredited, following a series of AGM questions, investor letters and investor meetings.

HSBC

HSBC faced one of the first Living Wage AGM questions by cleaner Abdul Durrant back in 2003. After following questions about their full implementation, they are now fully accredited.

ITV

AGM Army member Barbara Wilson attended the AGM of ITV to ask them to adopt the Living Wage. They subsequently undertook a review and made sure they were Living Wage compliant and accredited shortly before their AGM in 2014. We went along to say thank you!

Legal and General

Following several AGM questions, Legal and General are now fully Living Wage accredited!

Lloyds Banking Group

Lloyds Banking Group are now accredited after several years of AGM questions and concentrated conversations with investors.

National Grid

National Grid became an accredited Living Wage employer following AGM questions, including from ShareAction’s member organisation Unison, and investor letters and discussions with the company.

Pearson

Following AGM questions by AGM Army member and former Pearson employee Mike Duggan, Pearson became an accredited Living Wage employer.

RELX

RELX is Living Wage accredited after an AGM question and investor letters.

Royal Bank of Scotland

RBS has become Living Wage accredited following investor engagement and AGM questions.

RSA Insurance Group

RSA are now an accredited Living Wage employer, following a question at their 2016 AGM.

Sage

Following a series of AGM questions by steadfast AGM Army member Barry Stead, Sage have become fully Living Wage accredited.

SSE

SSE also accredited after AGM questions, and now is one of the most vocal supporters of the Living Wage. They also encourage investors to look at other important matters relating to how a company treats its workers.

Schroders

After discussions at their AGM and letters from investors, Schroders is an accredited Living Wage employer. They also engage with companies in their portfolio about the Living Wage.

Smith and Nephew

After an AGM question by Cllr Andy Hull representing the London Borough of Islington Pension Fund, Smith and Nephew have become an accredited Living Wage employer.

Saint James’s Place Wealth Management

After receiving letters from investors, Saint James’s Place Wealth Management became an accredited Living Wage employer.

Standard Chartered

Following an investor letter and subsequent dialogue, Standard Chartered is an accredited Living Wage employer.

Unilever

Unilever is Living Wage accredited, following a series of AGM questions.

Colette St-OngeMore About Living Wage