IMF data which showed that about 120 million people have been pushed into extreme poverty as a result of COVID-19. The inflationary pressure currently that is being faced globally, is expected to only amplify the economic disparities within and between countries.
Highlighting one cannot simply stand idly by, Jope added that business cannot thrive in societies that are fractured and broken.
In Jope's view, companies have a role in building a more equitable and inclusive society. Talking about Unilever's efforts in addressing the issue, Jope stated that the actions they are taking are to ensure everyone who provides goods and services to Unilever gets to earn at least a living wage or living income by 2030.
The London-based consumer goods company has already achieved this for all of its direct employees. Now, the focus has shifted towards its extended value chain.