abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthC4067174-3DD9-4B9E-AD64-284FDAAE6338@1xinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapeline, chart, up, arrow, graphLinkedInlocationmap-pinminusnewsorganisationotheroverviewpluspreviewArtboard 185profilerefreshIconnewssearchsecurityPathStock downStock steadyStock uptagticktooltiptwitteruniversalityweb

Esta página não está disponível em Português e está sendo exibida em English

Artigo

14 Jul 2020

Author:
The Guardian

Boohoo: Aberdeen Standard Investment sells majority of shares in fast fashion retailer following allegations of labour abuse in supply chains

Inadequate in scope, timeliness and gravity.” The verdict from Aberdeen Standard Investment on Boohoo’s response to allegations of supply chain abuses was damning … the investment house … sold the majority of its shares.

… Boohoo hasn’t taken the obvious step of committing to an independent chair – a normal measure of boardroom accountability. Instead, Mahmud Kamani, founder and 12% shareholder, is still in the chairmanship…

…  Lesley Duncan, deputy head of equities, said the fund manager had lobbied Boohoo “over the years” to improve “supply chain transparency…” … “In the last few weeks our concerns have grown.”

… Supply chain issues are an obvious business risk for a fast-fashion business that sources around 40% of its garments from Leicester, a city where reports of labour exploitation … have been rife for years … but Boohoo’s job was to monitor its dozens of suppliers in the city with extreme prudence at all times.

Boohoo … [said] that its early investigation had not found evidence of suppliers paying workers £3.50 an hour, and that some of the claims made appeared to be inaccurate or misleading…

… Aberdeen Standard says it chivvied Boohoo to be more transparent, but until last week it wasn’t vocal with its concerns. This is a longstanding problem with fund managers who prefer behind-closed-doors “engagement” with boards on ethical issues…

The main finger, though, should point at public authorities. Whatever the Boohoo inquiry yields, most of the UK’s retail industry has shunned Leicester’s textile factories for years.

“Standards are higher in Bangladesh than Leicester, and so is the auditing,” said one retailer privately.

Linha do tempo

Privacy information

Este site usa cookies e outras tecnologias de armazenamento na web. Você pode definir suas opções de privacidade abaixo. As alterações entrarão em vigor imediatamente.

Para obter mais informações sobre nosso uso de armazenamento na web, consulte nossa Política de Uso de Dados e de Cookies

Strictly necessary storage

ON
OFF

Necessary storage enables core site functionality. This site cannot function without it, so it can only be disabled by changing settings in your browser.

Cookies analíticos

ON
OFF

Quando você acessa nosso site, usamos o Google Analytics para coletar informações sobre sua visita. A aceitação deste cookie nos permitirá entender mais detalhes sobre sua viagem, e melhorar a forma como nós colocamos as informações na superfície. Todas as informações analíticas são anônimas e não as utilizamos para identificá-lo. O Google fornece uma opção de não inclusão no Google Analytics para todos os navegadores populares.

Cookies promocionais

ON
OFF

Compartilhamos notícias e atualizações sobre empresas e direitos humanos através de plataformas de terceiros, incluindo mídias sociais e mecanismos de busca. Estes cookies nos ajudam a entender o desempenho destas promoções.

Suas escolhas de privacidade para este site

Este site usa cookies e outras tecnologias de armazenamento da web para aprimorar sua experiência além da funcionalidade básica necessária.