Unilever Pledges Living Wage for Suppliers, $12 Billion for Diversity
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.
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(END) Dow Jones Newswires
January 21, 2021 09:09 ET (14:09 GMT)
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