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Investors Commend Top Apparel & Footwear Companies in 2018 KnowtheChain Benchmarking Report on Efforts to Eradicate Forced Labor in Supply Chains
Author: Julie Wokaty, Interfaith Center on Corporate Responsibility, Published on: 4 February 2019
28 Janurary, 2019
The Interfaith Center on Corporate Responsibility, The Church Investors Group, Ecumenical Council for Corporate Responsibility, and Shareholder Association for Research and Education (SHARE), commend Adidas AG, Lululemon Athletica Inc., Gap Inc., Primark Limited (Associated British Foods Group), Industria de Diseño Textil S.A. and PVH Corp. for their leadership in protecting workers in the apparel and footwear supply chain from forced labor and human trafficking. [The] organizations collectively represent institutional investors with over $450 billion in assets under management.
…KnowTheChain has been publishing benchmarking reports since 2016 across various sectors, assessing companies’ actions to eradicate forced labor from their supply chains based on corporate disclosures.
...As we celebrate US National Slavery and Human Trafficking Prevention Month, [the organisations] recognize these leading companies for receiving the highest scores in the 2018 KnowTheChain Apparel & Footwear Benchmark Findings Report and for their efforts to eradicate forced labor in their supply chains...Letters of commendation were sent by [the investors] to these top scoring companies for exhibiting best practices…[The investors] will be writing to the companies that scored poorly in this Report urging them to adopt these practices.