VF Corp.
NYSE : VFC
2016 Apparel & Footwear
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Company Ranking
14 out of20 Companies
Company Score
SUMMARY
VF Corp. (VF) ranks 13th in the benchmark. Its score of 43 out of 100 is driven by its disclosure on the themes of purchasing practices, monitoring, and remedy. Notably, VF cascades its expectations down its supply chain: In addition to auditing all of its first-tier suppliers, it audits around 70% of its second-tier suppliers and discloses that its grievance mechanism is available to workers in the second and third tiers of its supply chain. VF can improve by strengthening its supplier code of conduct, engaging stakeholders on forced labor, tracing and disclosing information on its supply chain, assessing and disclosing forced labor risks, and developing and disclosing an approach to avoid exploitation of supply chain workers through recruitment agencies.
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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
The company's top-level commitments on forced labor, supply chain standards, management processes, training programs and stakeholder engagement.
| Awareness and Commitment | 50 / 100 |
| Supply Chain Standards | 20 / 100 |
| Management and Accountability | 50 / 100 |
| Training | 50 / 100 |
| Stakeholder Engagement | 0 / 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 |
| Transparency | / 100 |
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.
| Purchasing Practices | 0 / 100 |
| Supplier Selection | 100 / 100 |
| Integration into Supplier Contracts | 100 / 100 |
| Cascading Standards Through the Supply Chain | 100 / 100 |
Recruitment
| Recruitment Approach | 0 / 100 |
| Recruitment Fees | 0 / 100 |
| Recruitment Audits | 0 / 100 |
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.
| Communication of Policies | 50 / 100 |
| Worker Voice | 0 / 100 |
| Worker Empowerment | 0 / 100 |
| Grievance Mechanism | 60 / 100 |
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.
| Auditing Process | 75 / 100 |
| Auditing Disclosure | 80 / 100 |
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.
| Corrective Action Plans | 100 / 100 |
| Remedy Programs | 25 / 100 |