Company Ranking15 out of
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.
HOW DO THEY COMPARE?
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THEME & 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 accross the seven themes. For each themes, 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.
|Awareness and Commitment||100 / 100|
|Supply Chain Standards||60 / 100|
|Management and Accountability||50 / 100|
|Training||50 / 100|
|Stakeholder Engagement||75 / 100|
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.
|Traceability and Supply Chain Transparency||/ 100|
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.
|Purchasing Practices||50 / 100|
|Supplier Selection||50 / 100|
|Integration into Supplier Contracts||50 / 100|
|Cascading Standards Through the Supply Chain||100 / 100|
|Recruitment Approach||0 / 100|
|Recruitment Fees||0 / 100|
|Recruitment Audits||0 / 100|
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.
|Communication of Policies||50 / 100|
|Worker Voice||25 / 100|
|Worker Empowerment||0 / 100|
|Grievance Mechanism||0 / 100|
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.
|Auditing Process||75 / 100|
|Auditing Disclosure||40 / 100|
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.
|Corrective Action Plans||100 / 100|
|Remedy Programs||0 / 100|