SDG 10

Inequalities in income and wealth are severe and have been widening globally. The richest 1% of the world’s population now control up to 40% of global assets, while the poorest half owns just one per cent. Income equality between countries is higher than that within a large majority of countries, such that individual incomes are still largely associated with a person’s citizenship and location. Wide and often mutually reinforcing disparities are also evident within countries, including disparity in terms of: rural/urban disparities, household wealth, gender, ethnic minorities and indigenous people, migrant status, and disability.

As a brand, we are an engine for economic growth, having the potential to create jobs, foster economic activity through our value chain, and contribute tax revenues for public services and infrastructure. We further exacerbate inequality, and its structural drivers, including by being complicit in perpetuating biases and discrimination and therefore, having the responsibility to respect human rights.