Submit your solution before 27 May!
Search in all the website
Reforming capitalism through the impact economy

Workforce Disclosure Initiative

  • ShareAction
  • International
  • 2021
  • Scale-up project

Project overview

The Workforce Disclosure Initiative (WDI) improves the quality of jobs in multinational companies’ operations and supply chains by enhancing corporate transparency and accountability, supporting SDG 8: decent work for all. Founded in 2016 by NGO ShareAction and supported by an international investor coalition, WDI promotes disclosure of impactful metrics related to working conditions and engages with companies to improve governance and practices across topics including pay, worker voice, human rights and diversity and inclusion. WDI sets the bar for worker-centric corporate disclosure. In 2020, 141 companies with 12 million directly employed workers reported to the initiative.



Presentation of the organization

ShareAction's vision is a global investment system that uses its power to create green, fair, and healthy societies and takes responsibility for its impacts on people and the planet. ShareAction advocates for change to policies and governance to drive better investor behaviors and mobilizes investors to challenge unsustainable corporate practices. It does this to unleash the positive potential of the investment system and spearhead systemic change.

How it works

Disclosure standards and corporate sustainability reporting is a crowded playing field. There is pressure for convergence, to simplify the “alphabet soup” that is a barrier to progress for companies, investors and regulators. However, the debate remains dominated by environmental issues, climate in particular. Efforts to address social issues, in particular workforce standards, remain inadequate.

WDI pushes at the boundaries of corporate disclosure and standard setting on workforce issues. It acts as an influencer of standard setters, reporting frameworks and benchmarking organisations. The breadth of the WDI survey (across issues, sectors) and the depth of information gathered is critical and unique. It relies on input from a truly diverse stakeholder group: investors, unions, business and human rights experts, companies. Other frameworks set the bar too low.

Accomplishments

From 35 participating companies in 2017, to 140 companies in 2020.

2022 Outlook

In the year to come, WDI aims to continue increasing the number of participating companies. Ultimately, the aim is to become financially viable, generating income through subscription basis paid by companies.

Projects which might interest you

Reforming capitalism through the impact economy
The Elevar Method of Investing
Elevar Equity is a venture capital firm and an impact investing pioneer seeking to direct global…
Elevar Equity
International
Argentina, India, Mexico
More about the project
Reforming capitalism through the impact economy
B-TECH PROJECT
The B-Tech Project is a flagship initiative designed by UN Human Rights, aiming to advance the…
UN Human Rights B-Tech
International
More about the project
Scale-up project
Reforming capitalism through the impact economy
Workforce Disclosure Initiative
ShareAction
International
More about the project