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Fast Retailing 38/100

(TYO:9983) 15 of 20 (2016)

Fast Retailing Co. Ltd. (Fast Retailing), the retail holding company of brands including Uniqlo, J Brand, and Theory, ranks 15th on the benchmark, with a below-average score of 38 out of 100. The company's score is driven by its disclosure on the themes of commitment and governance, purchasing practices, and monitoring. As the fourth-largest company by market capitalization of the 20 companies benchmarked, Fast Retailing has the opportunity to improve across all areas and in particular on the themes of traceability and risk assessment, recruitment, and worker voice.

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38 /100

2016 Ranking: 15 of 20

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38

Fast Retailing was evaluated both in 2016, when it ranked 15th out of 20 companies, and in 2018, when it ranked 19th out of 43 companies. Since 2016, the company has improved by disclosing more details on its supplier training, developing responsible procurement principles, and monitoring sewing and fabric partners. It improved some practices at Uniqlo and GU, two of its nine brands.

METHODOLOGY

43

The average score for the sector was 37/100 compared to 49/100 in 2016. The number of companies assessed in 2018 increased from 20 to 43. Since 2016, the methodology has been strengthened, making it more difficult for companies to achieve the same score. The 19 companies benchmarked in both 2016 and 2018 saw their average score increase from 49/100 to 56/100, which is significant given the changes to the methodology.

2018 BENCHMARK

2016

38

Fast Retailing was evaluated both in 2016, when it ranked 15th out of 20 companies, and in 2018, when it ranked 19th out of 43 companies. Since 2016, the company has improved by disclosing more details on its supplier training, developing responsible procurement principles, and monitoring sewing and fabric partners. It improved some practices at Uniqlo and GU, two of its nine brands.

METHODOLOGY

2018

43

The average score for the sector was 37/100 compared to 49/100 in 2016. The number of companies assessed in 2018 increased from 20 to 43. Since 2016, the methodology has been strengthened, making it more difficult for companies to achieve the same score. The 19 companies benchmarked in both 2016 and 2018 saw their average score increase from 49/100 to 56/100, which is significant given the changes to the methodology.

2018BENCHMARK

THEME AND INDICATOR SCORE

The benchmark methodology has seven themes, selected to capture the key areas where companies need to take action to eradicate forced labor from their supply chains. There are a total of 22 indicators across the seven themes. For each theme, a company can score a total of 100 points.

Commitment and Governance

The company's top-level commitments on forced labor, supply chain standards, management processes, training programs and stakeholder engagement

OVERALL 67
INDICATORS
Awareness and Commitment
100
Supply Chain Standards
60
Management and Accountability
50
Training
50
Stakeholder Engagement
75

Traceability and Risk Assessment

The extent to which the company traces its supply chain and conducts forced labor risk assessments, and discloses information about these processes.

OVERALL 13
Traceability
0
Risk Assessment
25

Purchasing Practices

The company's awareness and action on purchasing practices that can exacerbate forced labor risks, and its process for selecting suppliers, integrating standards into contracts and cascading them down the supply chain.

OVERALL 63
Purchasing Practices
50
Supplier Selection
50
Integration into Supplier Contracts
50
Cascading Standards through the Supply Chain
100

Recruitment

The company's approach to reducing exploitation by recruitment agencies and eliminating workers' payment of fees for their jobs.

OVERALL 0
Recruitment Approach
0
Recruitment Fees
0
Recruitment Audits
0

Worker Voice

The extent to which the company proactively communicates with workers through the supply chain, enables freedom of association and ensures access to effective and trusted grievance mechanisms.

OVERALL 19
INDICATORS
Communication of Policies
50
Worker Voice
25
Worker Empowerment
0
Grievance Mechanism
0

Monitoring

The company's process for auditing (including whether it includes non-scheduled visits, document review, worker interviews) and disclosure about the audit process and findings.

OVERALL 58
Auditing Process
75
Audit Disclosure
40

Remedy

The extent to which the company has corrective action plans for non-compliant factories, as well as processes for remedying workers who are victims of forced labor, and reports on remedies provided.

OVERALL 50
Corrective Action Plans
100
Remedy Programs
0

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