(Photo by Edward Berthelot/Getty Images)Many of the world's major fashion brands are failing to address forced labor in their supply chains, according to a report, with French luxury giant LVMH among the worst performers.
The research from KnowTheChain, an organization focused on forced labor in supply chains, analyzed 65 companies for exposure to forced labor risk.
Guiding Principles on Business and Human Rights, KnowTheChain said companies scored on average 21/100.
"They remain largely reactive to human rights violations, rather than evidencing robust, embedded human rights and environmental due diligence practices designed to prevent them," it added.
"As such, it demonstrates that a corporate strategy which embeds human rights due diligence does not have to come at the cost of long-term sustainable growth or investor returns."
Persons:
Louis, Yayoi, Louis Vuitton, Edward Berthelot, KnowTheChain, Veronique Rochet
Organizations:
Louis Vuitton's, Human, Puma, Adidas, P Retail, CNBC, PUMA, Fair Labor Association, Fair Labor
Locations:
Paris, France