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◂ Business Strategy And Product Management guidelines

5.17 Share economic benefits

Business Strategy And Product Management

Share benefits associated with being sustainably resilient with workers, incentivizing efforts, and advocating for those involved to meet sustainability goals.

Criteria

  • Living wage: Machine-testable
    Publicly commit to paying employees, contractors, and other affected parties a living wage.
    • GR491 – 2-8019 – Employee Salary Conditions
    • Living Wage Network
    • Living Wage (Wiki)
    • The Real Living Wage Is A Core Part Of Any ESG Agenda
    • United Nations SDGS – Goal 1 – Poverty
    • United Nations SDGS – Goal 3 – Health & Well-being
    • United Nations SDGS – Goal 5 – Gender Equality
    • United Nations SDGS – Goal 8 – Economics & Work
    • United Nations SDGS – Goal 10 – Inequality
    • United Nations SDGS – Goal 16 – Sustainable Society
  • Incentivisation: Human-testable
    Have policies and practices to incentivize affected parties, such as workers and contractors, to meet impact goals.
    • 7 Strategies to Motivate Lasting Sustainability Practices
    • Bridging Digital and Environmental Goals (PDF)
    • Essential Guide to Incentivizing Action Along the Value Chain (PDF)
    • Sustainability innovations and firm competitiveness
    • United Nations SDGS – Goal 8 – Economics & Work
    • United Nations SDGS – Goal 16 – Sustainable Society
    • What’s the best way to incentivize supplier sustainability?
  • Employee benefits: Machine-testable
    Provide benefits to employees in accordance with resources, including, where relevant, healthcare, retirement planning, flex time, profit sharing, and more.
    • 50 employee benefits and perks to increase staff retention
    • 100 Unique Employee Benefits Ideas
    • Employee Benefit Trends in The UK in 2024
    • 165 Employee Benefits Statistics
    • Employee Benefits: The Ultimate Guide
    • How to Make Employee Benefits More Sustainable
    • United Nations SDGS – Goal 3 – Health & Well-being
    • United Nations SDGS – Goal 8 – Economics & Work
    • United Nations SDGS – Goal 16 – Sustainable Society
  • Legislation advocacy: Human-testable
    Advocate for responsible legislation that supports employment rights, transparency, and accountability related to sharing economic benefits.
    • Fair Labor
    • How to Prioritize Digital Accessibility and Sustainability
    • Inclusivity in the Digital Age: The Importance of Accessibility Advocacy
    • United Nations SDGS – Goal 1 – Poverty
    • United Nations SDGS – Goal 3 – Health & Well-being
    • United Nations SDGS – Goal 5 – Gender Equality
    • United Nations SDGS – Goal 8 – Economics & Work
    • United Nations SDGS – Goal 10 – Inequality
    • United Nations SDGS – Goal 16 – Sustainable Society
    • Web Accessibility Laws & Policies
    • What is an Accessibility Advocate?
    • Why Ethan Marcotte Thinks Tech Workers Deserve a Union

Benefits

  • Economic
    Collaborating with affected parties to coordinate mutually beneficial economic incentives builds stronger relationships.
  • Social Equity
    Paying a living wage and offering good benefits often leads to higher employee retention rates.

GRI

  • Materials: High
  • Energy: High
  • Water: High
  • Emissions: High

View the Guideline

Tags

Social EquityGovernance

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More business strategy and product management guidelines

5.1 Have an ethical and sustainable product strategy

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5.2 Assign a sustainability advocate

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5.3 Inform, raise awareness, and train for sustainability

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