Costco Wholesale Corporation
NYSE : COST
2022 Food & Beverage
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Company Ranking
14 out of60 Companies
Company Score
SUMMARY
Costco Wholesale Corp. (Costco), an American multi-national food and sundries retailer among the top ten largest retailers globally, ranks 14 out of 60. Compared to 2020, the company improved its performance by disclosing details on its human rights risk assessment process, aspects of its purchasing practices, responsible recruitment efforts and remedy outcomes for workers. The company demonstrated stronger performance on the theme of Responsible Recruitment, providing details of how it supports responsible recruitment in its supply chains. However, it does not disclose a recruitment fee policy which incorporates the Employer Pays Principle, nor how the policy is implemented. The company demonstrated weaker practices on supply chain tracing, as it does not disclose a first or second tier supplier list. It also performs poorly on the theme of Worker Voice, where it did not disclose engaging with unions to support freedom of association within its supply chain, and Remedy: the company did not disclose remedy outcomes for workers.
The company is encouraged to improve its performance and disclosure on the themes of Traceability & Risk Assessment, Worker Voice, and Remedy
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SCORE HISTORY
THEME & indicator score
The benchmark methodology has seven themes, selected to capture the key areas where companies need to take action to eradicate forced labour from their supply chains. The themes are comprised of a total of 12 key indicators. For each indicator, a company can score a total of 100 points.
Commitment and Governance
Supplier Code of Conduct and Capacity Building | 84 / 100 |
Management and Accountability | 50 / 100 |
Traceability and Risk Assessment
Traceability and Supply Chain Transparency | 17/100 |
Risk Assessment | 38 / 100 |
Data on Supply Chain Risks | 0 / 100 |
Purchasing Practices
Purchasing Practices | 17 / 100 |
Recruitment
Recruitment Fees | 10 / 100 |
Monitoring and Responsible Recruitment | 75 / 100 |
Worker Voice
Freedom of Association | 0 / 100 |
Grievance Mechanism | 15 / 100 |
Monitoring
Monitoring Process | 10 / 100 |
Remedy
Remedy Programs | 10 / 100 |