City investors urge UK's top firms to pay workers living wage

City investors urge UK's top firms to pay workers living wage:

Letter addresses companies including Royal Mail, British Airways and JD Sports

Influential City investors have written to the chief executives of companies including Royal Mail, British Airways and JD Sports urging them to pay their workers a real living wage.

The letter calls on businesses to seek accreditation from the Living Wage Foundation, which makes sure companies pay employees and contractors an hourly rate higher than the national minimum. Signatories include the UK’s largest asset manager, Legal & General Investment Management, Candriam Investors Group, BMO Global Asset Management and responsible investment group Hermes EOS. The investors together control almost £2tn in assets.

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