Boohoo Group PLC (LON:BOO) has vowed to address its corporate governance responsibilities after an independent review confirmed poor working conditions and low rates of pay in its supply chain. The report found that Its senior directors “knew for a fact that there were very serious issues about the treatment of factory workers in Leicester and…
Category: supply chain risk
Why did so many ESG funds back Boohoo?
Just weeks before Boohoo was hit with fresh allegations about poor working practices in factories that make its clothes, MSCI gave the UK fast-fashion retailer a clean bill of health. The rating and index provider reiterated Boohoo’s double A rating — its second-highest ranking — while highlighting how it scored far above the industry average on…
Xinjiang Supply Chain Business Advisory – United States Department of State
The U.S. Department of State, along with the U.S. Department of the Treasury, the U.S. Department of Commerce, and the U.S. Department of Homeland Security issued a business advisory to caution businesses about the risks of supply chain links to entities that engage in human rights abuses, including forced labor, in the Xinjiang Uyghur Autonomous…
Good Business: The Year Ahead in Sustainable Finance – Bloomberg
Sustainable investment in 2020: Energy stocks just haven’t kept up with the broader market, which could push investors to look more closely at whether fossil fuels are really a worthwhile investments. Peak emissions aren’t here yet, but they may be close. “Decarbonization is certainly dominating the conversation,” says Bloomberg Intelligence analyst Eric Kane. A Stanford University study says phasing out…
Supply Chain Risks in 2017 Include Immigration Policy
Maplecroft Human Rights Outlook has identified the immigration policies of the Trump administration as a critical supply chain risk for 2017. Hardening immigration policy in the US, which is increasing the risk of modern slavery and labor abuses against undocumented workers, has emerged as one of the top drivers of human rights risks for business…
ValueEdge Advisors 