5.17 Share Economic Benefits
The organization shares the economic benefits of its digital products, services, policies, and programs.
Criteria
- Living Wage: The organization is publicly committed to paying employees, contractors, and other stakeholders a living wage.
- Incentivisation: The organization has policies and practices in place to incentivize stakeholders, such as workers and contractors, to meet its impact goals.
- Employee Benefits: The organization provides benefits to employees in accordance with its resources, including, where relevant, healthcare, retirement planning, flex time, profit sharing, and so on.
- Legislation Advocation: The organization advocates for responsible legislation that supports employment rights, transparency, and accountability related to sharing economic benefits.
Impact
High
Effort
Medium
Benefits
- Social Equity:
Organizations that pay a living wage and offer good benefits often have higher employee retention rates. - Economic:
Organizations that collaborate with stakeholders to coordinate mutually beneficial economic incentives benefit from stronger relationships.
GRI
- materials: High
- energy: High
- water: High
- emissions: High
Example
- This article contains 50 different employee perks a business could offer to cultivate a better working environment.
Resources
- 5 Business Management Strategies We Learned as a B Corp
- 7 Strategies to Motivate Lasting Sustainability Practices
- Bridging Digital and Environmental Goals (PDF)
- Employee Benefits In 2023: The Ultimate Guide
- [GR491] 2-8019 – Employee Salary Conditions
- How effective is sustainability advocacy?
- How to Ensure a Living Wage for All Employees, Globally and Regionally
- How to Make Employee Benefits More Sustainable
- How to Motivate People Toward Sustainability
- Living Wage Network
- Sustainability innovations and firm competitiveness
- 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)
- What is an Accessibility Advocate?
- What’s the best way to incentivize supplier sustainability?