Know the Chain – Apparel & Footwear – Investor Briefing

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The “KnowTheChain 2023 Apparel & Footwear Benchmark” report provides an in-depth analysis of the apparel and footwear industry’s exposure to forced labour risks. It highlights the industry’s average performance, noting that many companies are reactive rather than proactive in addressing human rights violations. The report emphasises the significant disparities in company practices, with a focus on key areas like risk assessment, worker voice, purchasing practices, and remedy. Top performers like Lululemon, Puma, and Adidas are recognised for their stronger human rights due diligence efforts. The report also discusses the implications of poor human rights practices for investors and offers recommendations for promoting better corporate performance in addressing these issues.