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BSR Insight Article: Indigenous People and Business: Meeting Expectations
Chris Nolan, Associate Director, Advisory Services
With 370 million indigenous people worldwide, international standards defining the basic rights of these people—including the ILO 169, the UN Declaration on the Rights of Indigenous Peoples, and the International Finance Corporation's Performance Standard 7—are increasingly relevant for industries such as extractives, consumer products, pharmaceuticals, and agriculture. Read more
Case Study: Novartis Pays Social Dividends with Wages
Novartis needed help meeting its commitment to pay competitive and fair wages—which clearly exceed what is needed to cover basic living needs—and to provide employees with time for family, social activities and leisure. To achieve this standard established in its Corporate Citizenship policy, Novartis must pay wages that cover the market price of a basket of goods and services representing the necessities for an average worker in the countries where Novartis operates. This basket should include reasonable housing, transportation, health care, clothing, nutrition, and education for dependent children in accordance with local standards. Learn more
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