Pillar 2 - Enhance Social Protection and Flexibility

Companies should strive to provide flexibility and protection to all workers and employment types, including contractual workers and freelancers. Flexibility pertains to workers' autonomy and their ability to achieve an improved work-life balance. Protection involves ensuring workers' security in the face of vulnerabilities and unforeseen contingencies.

Aspired Milestone

Provide social protection and flexible working options for all workers across different employment types

13%

higher productivity for remote work (vs. in-office)

1.5x

relative importance of flexibility compared to pay (for Gen Y/Z)

78%

reduction in reported stress levels with hybrid work

200 million

independent workers across to globe


Enablers & Trackers

Primary areas of focus and action, with measurements for assessment and progress tracking

Enabler 1: Social Protection

Trackers: 

- Percentages of workers protected by either of Government or Corporate Programs

- Expanded benefits, safeguarding against employment interruption. 

Enabler 2: Flexibility & Autonomy

Trackers: 

- Flexibility in roles (full, part, shared ...), time (hours, start, schedule ...), location (remote, hybrid, office ...), and types of leaves 

Enabler 3: Inclusive Coverage

Trackers: 

- Access to flexibility and social protection across contract type, job type (white collar, blue collar), and DEI elements

Allianz: Solving the Complexities of Cross-Border Working

Euroclear: Realizing the Promise of Global Digital Jobs

Zurich Insurance: Pioneering Sustainable Retirement Solutions

“In the same way that setting global standards for climate reporting can inspire progress toward the Paris Agreement goals, global standards for new working models will drive more inclusive employment and societal outcomes”.


Renate Wagner

Allianz SE: Member of the Board of Management

"Hybrid work is part of New Ways of Working – our philosophy on the future of work for individuals and teams. New Ways of Working assumes flexibility as a given and is based on trust, empowerment, and a culture that focuses on behaviors and results."


Charise Le

Schneider Electric: Chief Human Resources Officer