The Brunel Pension Partnership is one of ten major institutional investors that have co-filed a resolution calling for the introduction of the Living Wage at Sainsbury’s.
Brunel joins investors, including Legal & General Investment Management, Nest (National Employment Savings Trust) and Fidelity International, in bringing the resolution. In total, the investors have £2.2trn in assets under management.
“This was already an urgent issue – and current global events mean that urgency is increasing by the week,” said Laura Chappell, CEO of Brunel Pension Partnership, one of the eight Local Government Pension Scheme pools.
“Food prices and energy bills are increasingly unsustainable for many of the lowest-paid employees, but companies like Sainsbury’s have the wherewithal to appropriately compensate a large number of key workers – providing an example for others to follow.”
The resolution calls on Sainsbury’s to accredit as a Living Wage employer by July 2023. The resolution will be voted on at the company’s annual general meeting, expected on 7 July 2022.
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