Daily Newsletter

20 May 2024

Daily Newsletter

SLCP sees increased uptake as users target audit fatigue elimination

Multi-stakeholder initiative Social & Labor Convergence Program (SLCP) has shared its third annual Impact Report, revealing that 74 brands, retailers and standard holders have now agreed to use its data instead of other audit tools.

Rachel Lawler May 20 2024

The SLCP says that by publicly committing to using its data, these organisations allow for one large social and labour dataset, reducing audit fatigue.

More than 80% of the brands and manufacturers committing to using SLCP data said they were able to replace proprietary tools with its Converged Assessment Framework (CAF).

In its 2023 Sustainability Disclosure 2023, H&M Group commented: “We are working with SLCP and other brands to pilot the SLCP tool in small facilities and upstream facilities, by creating a shorter survey for facilities who don’t have the expertise and resources to fulfil the exhaustive SLCP questionnaire.”

The SLCP’s 2023 Impact Report also revealed that a total of 9,230 facilities completed an SLCP assessment in 2023, which it estimates unlocked potential savings of up to $26m, which could be invested in improved working conditions.

A total of 6.6 million workers were represented in facilities who completed CAF assessments in 2023, up from 5.9 million workers in 2022. SLCP said 75% of facilities that completed one of its assessments in 2022 chose to do so again in 2023.

Last year also saw a 25% increase in the number of Tier 2 facilities conducting SLCP assessments compared to 2022.

The CAF was completed in facilities from 52 countries and regions in 2023, up from 48 countries in 2022. New countries in 2023 included Japan, Czechia, Lithuania and South Africa.

Overall, SLCP reported a 5% increase in the number of legal non-compliances found through its assessments between 2022 and 2023.

2023 marked the final year of SLCP’s first five-year strategic plan and its fifth year of implementation of its CAF,

Janet Mensink, CEO at SLCP said: “SLCP is just one piece of the puzzle in creating positive change. This report showcases some of the key partnerships we have fostered in 2023. We aim to work closely with partners who can leverage our data and our collaborative approach to drive improvements at scale.”

In 2022, SLCP launched a toolkit to mitigate human right risks in supply chains

Future of Physical Retail

GlobalData's latest report outlines the future of physical retail in the retail and apparel sectors, consumer attitude towards offline and online retail, and a range of innovations that will shape the future of physical retail. Physical retail is forecast to maintain a somewhat steady market share of the total retail market, making it consistently important and relevant to retailers.

Future of Physical Retail

GlobalData's latest report outlines the future of physical retail in the retail and apparel sectors, consumer attitude towards offline and online retail, and a range of innovations that will shape the future of physical retail. Physical retail is forecast to maintain a somewhat steady market share of the total retail market, making it consistently important and relevant to retailers.

Future of Physical Retail

GlobalData's latest report outlines the future of physical retail in the retail and apparel sectors, consumer attitude towards offline and online retail, and a range of innovations that will shape the future of physical retail. Physical retail is forecast to maintain a somewhat steady market share of the total retail market, making it consistently important and relevant to retailers.

Future of Physical Retail

GlobalData's latest report outlines the future of physical retail in the retail and apparel sectors, consumer attitude towards offline and online retail, and a range of innovations that will shape the future of physical retail. Physical retail is forecast to maintain a somewhat steady market share of the total retail market, making it consistently important and relevant to retailers.

Future of Physical Retail

GlobalData's latest report outlines the future of physical retail in the retail and apparel sectors, consumer attitude towards offline and online retail, and a range of innovations that will shape the future of physical retail. Physical retail is forecast to maintain a somewhat steady market share of the total retail market, making it consistently important and relevant to retailers.

Future of Physical Retail

GlobalData's latest report outlines the future of physical retail in the retail and apparel sectors, consumer attitude towards offline and online retail, and a range of innovations that will shape the future of physical retail. Physical retail is forecast to maintain a somewhat steady market share of the total retail market, making it consistently important and relevant to retailers.

Future of Physical Retail

GlobalData's latest report outlines the future of physical retail in the retail and apparel sectors, consumer attitude towards offline and online retail, and a range of innovations that will shape the future of physical retail. Physical retail is forecast to maintain a somewhat steady market share of the total retail market, making it consistently important and relevant to retailers.

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