Living Wage Accreditation Achieved
The Living Wage Foundation has accredited Lightsource bp.
Lightsource Renewable Energy Holdings, Europe’s largest solar energy generator, has today achieved accreditation from the Living Wage Foundation.
This commitment will see everyone working at Lightsource, regardless of whether they are permanent employees or third-party contractors, receive a minimum hourly wage of £9.40 in London and £8.25 outside of the capital – significantly higher than the national minimum wage of £6.70 and the new minimum wage premium for over 25s of £7.20 per hour introduced this April.
Living Wage Foundation Director, Katherine Chapman said: “We are delighted to welcome Lightsource Renewable Energy Holdings to the Living Wage movement as an accredited employer.
“The best employers are voluntarily signing up to pay the Living Wage now. The Living Wage is a robust calculation that reflects the real cost of living, rewarding a hard day’s work with a fair day’s pay.”
This accreditation is yet another way for Lightsource to demonstrate their commitment to their reputation as a conscientious corporate entity.
CEO Nick Boyle stated: “We’re proud to be part of a growing network of responsible employers.
Joining the Living Wage Foundation is another example of Lightsource taking social responsibility seriously, as part of our ongoing attempts to be the best employer we can be. We want our staff to know we are dedicated to securing their future, year in, year out.”
The Living Wage is recalculated every year, and in order for businesses and organisations to retain their Living Wage accreditation, they must adjust the wages they pay their staff accordingl
About the Living Wage Foundation
The Living Wage is an hourly rate set independently and updated annually. The Living Wage is calculated according to the basic cost of living in the UK. Employers choose to pay the Living Wage on a voluntary basis. The Living Wage enjoys cross party support, with public backing from the Prime Minister and the Leader of the Opposition.
The London Living Wage is currently £9.40 per hour. This figure is set annually by the Greater London Authority and covers all boroughs in Greater London. The UK Living Wage for outside of London is currently £8.25 per hour. This figure is set annually by the Centre for Research in Social Policy at Loughborough University.
The Living Wage Foundation recognises and celebrates the leadership shown by Living Wage employers across the UK. There are currently over 2,600 accredited employers. We are an initiative of Citizens UK. We believe that work should be the surest way out of poverty.
We receive guidance and advice from the Living Wage Advisory Council. The Foundation is supported by ten principal partners: Aviva; Joseph Rowntree Foundation; KPMG; Linklaters; Nationwide; Nestle; Resolution Foundation; Save the Children; Trust for London; and Queen Mary University of London.
Related news
07 Dec, 2023
Lightsource bp and REA host energy transition roundtable at COP28
Lightsource bp and the UK’s Renewable Energy Association (REA) have hosted a high-level roundtable discussion at COP28.
06 Dec, 2023
Unlocking value: showcasing our Asset Services
Lightsource bp is delighted to announce our participation in ‘Unlocking Value’, a new ITN Business programme developed in collaboration with The Institute of Asset Management.
05 Dec, 2023
Lightsource bp is championing solar at COP28
Lightsource bp is in attendance at COP28 to advocate for a crucial role for solar power in the energy transition.
30 Nov, 2023
bp agrees to take full ownership of Lightsource bp
bp has agreed to acquire the 50.03% interest it does not already own in Lightsource bp, enabling Lightsource bp’s continuing growth and high performance.
29 Nov, 2023
Solar and nature in perfect harmony
SolarPower Europe have released this year’s entries for their 2023 photo competition, Lightsource bp has submitted three entries, showcasing our projects in the UK, Greece and
27 Nov, 2023
Team onboarding: Lightsource bp site visits in 2023
This year, Lightsource bp hosted eight onboarding solar site visits. A total of 285 team members, including 25 interns, were actively engaged in these informative sessions.
24 Nov, 2023
Lightsource bp celebrates two years in France
With a 700 MW solar project pipeline, our team in France is committed to actively contributing to a sustainable future powered by solar energy.
24 Nov, 2023
Lightsource bp announced as finalists at UK Business Awards
We are incredibly proud to announce that Lightsource bp has been announced as finalists in two categories in the UK Business Awards (UKBA) 2023.
23 Nov, 2023
Lightsource bp enables smaller businesses to access the benefits of solar
Inviting participants to join a collective, European multi-buyer corporate power purchase agreement (PPA) for a portfolio of solar assets.
16 Nov, 2023
Here’s what the electrical grid of the future looks like
Today’s grids were built for a different age. A grid powered by renewables looks very different – with energy storage playing a key role in balancing supply and demand.