Pressure on retailers to act ethically

Investors are calling for greater transparency from public companies over the sourcing of clothing, footwear and textiles from Asia, warning that chasing cheaper labour to screw down costs can backfire and ultimately damage fashion brands.
Mans Carlsson-Sweeny, senior environmental, social and governance research analyst at AMP Capital, said budget-conscious consumers had led retailers to heighten their focus on supply chain efficiencies, which means typically sourcing from countries with low pay rates, but that carried its own risks.  Sydney Morning Herald – Read more…