A group of major investors is calling on Sainsbury's to commit to paying all its workers the Real Living Wage to tackle the rising cost of living.
The Real Living Wage aims to ensure wages cover everyday needs and is voluntarily paid by around 9,500 firms.
It is higher than the compulsory national minimum wage.
Sainsbury's said it had recently increased its basic hourly rate by 5.3% in recognition of the "extraordinary work" of its staff.
The investor coalition, brought together by responsible investment charity ShareAction, includes the UK's largest asset manager, Legal and General Investment Management, and the largest workplace pension scheme, Nest.
It also includes 108 individual shareholders, including Labour MPs Siobhain McDonagh and Helen Hayes.
The group has filed a shareholder resolution calling for Sainsbury's to become an accredited Living Wage employer. Shareholders will get to vote on the proposal at the supermarket's annual general meeting in July.
The group will also write to all UK supermarkets next week urging them to take the same step.
Half of the companies listed on the FTSE 100 share index are among the more than 9,500 accredited Living Wage employers. Retailers such as Ikea have also committed to paying the Real Living Wage but no major supermarkets are accredited.
The Real Living Wage is currently 11.05 in London and 9.90 for the rest of the UK.
In January, Sainsbury's announced it was increasing its basic rate of pay from 9.50 to 10 an hour for...
In response to false reports of an attack on the Bishop’s residence, cathedral, and pastoral center, the Diocese of Sokoto issues an official disclaimer denying the claims. Vatican News The Dioces...