UNISON pension fund helps boost living wage campaign

UNISON’s staff pension fund has joined together with the chief executive of Hermes Fund Managers, church groups and a range of organisations to boost the campaign for a living wage by calling on publically-listed UK companies to pay it.

In a letter to the Financial Times, the signatories say that they wish to “be invested in companies that focus on the longevity and productivity of their business operations”, and call for “social sustainability” to be embeded in businesses by paying “employees and contracted staff” the living wage.

The letter points out that there is “considerable evidence” that paying the living wage improves productivity.

The signatories also include the Joseph Rowntree Charitable Trust, the Pensions Trust, the Strathclyde Pension Fund and the TUC Superannuation Society.

A living wage