By Dieter Holger

 

Unilever PLC pledged to ensure all its suppliers and service providers pay their workers a living wage by 2030 and earmarked 10 billion euros ($12.2 billion) over five years to support diversity in its supply chain.

The London-based household-goods giant said Thursday that it would meet the living wage ambition through purchasing practices and by working with businesses, governments and nonprofits.

By 2025, the company also said it would spend EUR2 billion a year with diverse suppliers from small and medium-sized businesses owned and managed by women, underrepresented racial and ethnic groups, people with disabilities and the LGBT community.

More advertisements will feature people from these diverse groups, both on-screen and behind the camera, Unilever said.

"We believe the actions we are committing to will make Unilever a better, stronger business; ready for the huge societal changes we are experiencing today--changes that will only accelerate," Chief Executive Alan Jope said in prepared remarks.

 

Write to Dieter Holger at dieter.holger@wsj.com; @dieterholger

 

(END) Dow Jones Newswires

January 21, 2021 09:09 ET (14:09 GMT)

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