3 There are various methodologies to measure local and regional living wage. Among them are ISEAL Alliance — A Shared Approach to Estimating Living Wages (the Anker methodology), MIT’s Living Wage Calculator, Centre for Policy Dialogue Bangladesh and Berenschot.
4 As of December 19, 2019.
5 The Platform Living Wage Financials is an alliance of investors that encourages and monitors investee companies to address the non-payment of living wage in global supply chains. The Platform’s rating methodology is aligned with the UN Guiding Principles on Business and Human Rights and has eight overarching categories covering various aspects of best practice. We used this methodology to score companies, using publicly available information, i.e. the company’s annual and sustainability reports as well as their websites. Scores cover own operations and supply chains, and have been weighted and rounded to one decimal place.
6 The Workforce Disclosure Initiative (WDI) is a project run by UK-based NGO ShareAction that aims at improving data from listed companies on how they manage workers in their direct operations and supply chains. The survey covers themes including human rights, diversity, pay ratios to overall wage levels, turnover rates, training, occupational health and safety, freedom of association, whistleblowing, structure of the company’s supply chain as well as sourcing procedures. An ESG Insight on our WDI-related engagement from November 2019 can be found here: https://www.bmogam.com/us-en/advisors/news-and-insights/the-workforce-data-quest-why-we-need-it-and-why-it-helps-companies-as-well/
7 Award submissions are marked against a range of criteria including; clear identification of sustainable objectives including environmental, ethical and ESG investment objectives, performance, experience in sector, communication to investors, transparency, reputation and compliance, levels of ongoing service and support, overall quality of submission. The awards may also include an element of online voting. Along with submissions, the first round of judging is based on a mixture of quantitative and qualitative analysis using resources from third party providers. The second round of judging consists of a panel debate to determine finalists in each category. From the finalists, the judging panel will decide on the winning and highly commended entries.
Views and opinions have been arrived at by BMO Global Asset Management and should not be considered to be a recommendation or solicitation to buy or sell any companies that may be mentioned.
Past performance should not be seen as an indication of future performance. The value of investments and income derived from them can go down as well as up as a result of market or currency movements and investors may not get back the original amount invested.
The information, opinions, estimates or forecasts contained in this document were obtained from sources reasonably believed to be reliable and are subject to change at any time. Foreign investing involves special risks due to factors such as increased volatility, currency fluctuation and political uncertainties. Investing in emerging markets can be riskier than investing in well established foreign markets.
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