25th October 2018
Amazon Q3 retail sales “surprisingly weak”
Tesco and Walmart “ignored calls for more information on their labour practices”, said the FT on May 1.
They are among over 40 large companies apparently failing to reply to a Workforce Disclosure Initiative (WDI) pilot survey. The WDI is a coalition of over 100 institutional investors managing over $10 trillion.
In its pilot, the WDI approached 76 companies about their policies. Questions included supply chains, employee contracts and whether board members have oversight of the workforce.
But just 55% of companies replied. The FT claims Tesco and Microsoft were among those not failing to. The WDI did, though, confirm that Sainsbury’s, H&M, Inditex and ABF did.
WDI are now scaling up the survey, sending the questionnaire to 500 companies in 30 countries. It expects replies by October 22.
Companies surveyed are listed here. Clothing and textile companies include ABF, adidas, Burberry, Carrefour, Costco, Gap, H&M, Inditex, Kering, Loblaw, LVMH, M&S, Moncler, Next, Richemont, SAinsbury’s, Target, Ted Baker, Tesco, Walmart and Yoox Net a Porter , Internet companies with some retail business include Ali Baba, Amazon and Ocado