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11 October 2021
United Kingdom: leading firms pledge to offer menopause support
Since the start of the month various leading UK businesses – including supermarket giant Tesco, professional services firm PwC, health insurance company Bupa, publisher HarperCollins and bank Santander – have signed a public pledge to provide to support to staff going through the menopause. Under the...
28 September 2021
Germany: Boston Consulting Group sets LGBTQ+ employee quota
Boston Consulting Group (BCG) has set a new diversity goal. The management consulting firm intends that by 2025, 5% of its workforce in Germany and Austria will be members of LGBTQ+ community (lesbian, gay, bisexual, transgender, queer, non-binary…), as compared with 2% currently. According to BCG, by setting out this objective the company aims to send a signal inside and outside the company, and above all to encourage diversity (a key success element) in the company.
27 September 2021
United Kingdom: Uber launches pension scheme for drivers with retroactive payments
Uber, the US ride hailing company, announced on 24 September that it will set up a pension fund with auto-enrolment for its 70,000 drivers in the UK. This unprecedented move comes after the country’s Supreme Court ruling in February of this year, which said Uber drivers should be classed as workers as opposed to self-employed and should therefore enjoy certain rights (see article n°12369). However, the US tech giant seems keen to go beyond what the ruling requires and redefine its corporate policy more broadly...
22 September 2021
Great Britain: ASOS will link its executives’ salaries to the achievement of environmental objectives
On 16 September, the online ready-to-wear retailer Asos announced that starting in 2022 its executive team’s salaries will be dependent on the company’s success in reducing its waste and carbon footprint to zero by 2030. “We are all responsible for creating a sustainable future and companies must lead by example,” Asos CEO Nick Beighton said in introducing the new CSR goals. In addition to ‘green’ commitments, Asos has promised to improve working conditions in subcontracting...
21 September 2021
France:  Le Groupe La Poste commits to combatting unemployment
French postal giant Le Groupe La Poste has been partnering with Lab2e (Fonds de Dotation Laboratoire des Entreprises Engagées – Committed Companies Lab Endowment Fund) since the association Solidarités Nouvelles Face au Chômage association (New Unemployment Solidarity association) first established the fund in 2020. Lab2e gathers a range of stakeholders together (associations, companies, HR heads) to promote initiatives that can tackle unemployment. Lab2e published a report in July 2021 promoting good...
20 September 2021
United Kingdom: PwC reports its socio-economic background pay gap
As part of its annual report, published on 15 September, the professional services group PwC for the first time revealed the “socio-economic background” pay gap for its UK employees. The move comes just a week after industry competitor KPMG published its own socio-economic background pay gap and decided to set a minimum threshold for working class employees in senior positions (see article n°12670). PwC, which employs 22,000 people in the UK, also reported its disability pay gap for the first time.
10 September 2021
Great Britain: KPMG sets a minimum threshold for working class employees in senior positions
On 09 September the Anglo-Dutch consulting giant announced its ambition that by 2030, 29% of its partners and managers will be from working class backgrounds. This unprecedented decision is part of its ‘Our Impact’ ESG plan, and comes after an internal survey of the group found that people from working class backgrounds earn on average 8.6% less within the company.
6 September 2021
Deloitte to provide climate change training to global workforce
Last month the UK-headquartered professional services group Deloitte announced the launch of a digital learning programme for its 330,000 employees on the topic of climate change. The aim of this unprecedented initiative, which is worldwide in scope and will be rolled out over the next six months, is to provide staff with training on climate change to enable them to make responsible choices both at home and at work, such as when advising Deloitte clients. The professional services giant believes that its...
1 September 2021
Axa enhances environmental criteria in its executive bonus calculations
For nearly 5,000 employees of the French insurance group, social and climate targets will make up 30% of the total bonus amounts they can earn. To receive these bonus elements, employees will have to meet the group’s objectives of reducing the operations’ carbon emissions and the carbon footprint of the group’s assets. These criteria will complement the insurer’s Dow Jones Sustainability Index score (assesses environmental, social and governance performance elements), which saw Axa rank No. 2 among...
22 July 2021
Spain: El Corte Inglés department store and the trade unions commit to ensuring compliance with international labor standards throughout the value chain
On 14 July, Spain’s leading department store chain, El Corte Inglés signed an agreement with the CCOO and UGT trade unions, which establishes the framework for their collaboration in the application of international labor standards and the compliance of their suppliers in third party countries. The agreement guarantees information exchange and joint effort in the field, in order...
Global Framework Agreements
24 June 2021
LVMH launches a global emergency and support fund for employees affected by life accidents
In June, LVMH launched its Heart Fund for its 150,000 employees worldwide. The luxury giant has announced that it will endow the fund with €30 million to provide a telephone based psychological support service, available wherever the company is located, and to provide financial support for employees facing serious difficulties. Françoise Schoenberger, LVMH Global Director Social Development, answered Planet Labor’s questions about the fund’s contours and the motivation for this initiative, which is...