Targets

10.1)   By 2030 progressively achieve and sustain income growth of the bottom 40% of the population at a rate higher than the national average

10.2)   By 2030 empower and promote the social, economic and political inclusion of all irrespective of age, sex, disability, race, ethnicity, origin, religion or economic or other status 

MasterCard works to reduce economic inequality through the “power of identity.” Their mission is to create solutions that address the needs and challenges of partners so that they can extend the reach and scale of their efforts. One such way is through efforts to extend identity to more women around the world. Nearly 2.4 billion people live without any form of official personal identification, and the majority of them are women. Proof of identity allows you to be counted and is therefore a critical, essential first rung on the ladder toward gender equality, independence, and greater economic agency and political voice. Without proof of identity, it’s nearly impossible to receive government benefits. MasterCard is working with governments and NGOs around the world to help change this. Nigeria is a key example, where millions of people are now getting their government benefits on a National ID card that doubles as an electronic payments card. MasterCard has partnered with UN Women to provide half a million Nigerian women with ID cards enabled with electronic payments functionality. We are also working with Mercy Corps to register 18,000 Nigerian girls and women to receive an eID card, giving most access to their first formal identity.

10.3)   Ensure equal opportunity and reduce inequalities of outcome, including through eliminating discriminatory laws, policies and practices and promoting appropriate legislation, policies and actions in this regard

10.4)   Adopt policies especially fiscal, wage, and social protection policies and progressively achieve greater equality

McDonald’s values the contributions of its employees and strives to ensure that their financial and educational needs are met. In the US, McDonald’s is enhancing employee benefits, offering substantial wage increases and paid time-off. Across its company-owned restaurants, 90,000 employees will be eligible to receive these benefits, representing 10 percent of McDonald’s restaurants nationwide. Moreover, McDonald’s education initiative, Archways to Education, will offer free high school completion and college tuition assistance to around 750,000 employees at both company-owned and franchised restaurants. Employees who are not native English speakers also have the opportunity to take free English language classes. 

10.5)   Improve regulation and monitoring of global financial markets and institutions and strengthen the implementation of such regulations

10.6)   Ensure enhanced representation and voice of developing countries in decision making in global international economic and financial institutions in order to deliver more effective, credible, accountable and legitimate institutions

10.7)   Facilitate orderly, safe, regular and responsible migration and mobility of people, including through implementation of planned and well-managed migration policies

Means of Implementation

10.a)   Implement the principle of special and differential treatment for developing countries, in particular least developed countries, in accordance with WTO agreements 

10.b)   Encourage ODA and financial flows, including foreign direct investment, to states where the need is greatest, in particular LDCs, African countries, SIDS, and LLDCs, in accordance with their national plans and programmes

10.c)    By 2030, reduce to less than 3% the transaction costs of migrant remittances and eliminate remittance corridors with costs higher than 5%