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H&M leads Fashion Transparency Index 2020



Swedish retailer H&M was ranked number one in the Fashion Transparency Index 2020 with a score of 73 out of 100 possible.
H&M Group

In 2019, H&M managed to score only 61% and was ranked 4th. Over the past year, its management has done an excellent job. The top five most transparent brands in 2020 also include C&A, Adidas & Reebok, Esprit, and M&S. Even in the top ten are such companies as Patagonia, VF Corporation (owns such well-known brands as The North Face, Timberland, Vans, and Wrangler), Puma, Asos, and Nike/Jordan/Converse.

Bally, Jessica Simpson (owned by a pop star), Max Mara, Mexx, Pepe Jeans, Tom Ford, and Youngor are also at the bottom of the ranking. All of them were extremely sparing to provide any data on their activities.

The index has been compiled for five years by the Fashion Revolution agency. The report assesses the amount of information that companies disclose about their social and environmental policies, business processes and internal activities, and supply chains. At the same time, the report includes only those producers whose annual turnover exceeds 400 million dollars.

The total number of criteria to be measured is two hundred, ranging from human rights to the use of plastics. However, the authors of the rating themselves emphasize that their research assesses transparency rather than ethical or environmental components. 

The Fashion Revolution believes that transparency is the key to creating a cleaner fashion industry. Because of complex multinational supply chains, it can be difficult for consumers to see the big picture and make ethical choices, and for stakeholders to hold brands accountable when something goes wrong. The idea to compile the Transparency Index came after the Rana Plaza disaster in 2013, when a large textile mill collapsed in Dhaka District, Bangladesh, killing 1,344 people and injuring 2,500 others.

The rankings were made before the Coronavirus pandemic. And according to Kerry Somers, co-founder of Fashion Revolution, the crisis further exacerbated transparency issues as millions of workers at garment factories in Bangladesh were left unemployed as Western brands canceled orders. The crisis started to reveal some critical problems in the industry and showed how fragile the system is.


More about shopping malls in Sweden

YESTERDAY, USA:
Adidas and AllBird have announced a partnership aimed at creating new environmentally friendly technologies.
DAY BEFORE YESTERDAY, France:
French chain of department stores Galeries Lafayette has announced a new service for customers during the closing of stores.
DAY BEFORE YESTERDAY, USA:
The chain of coffee shops adapts to the realities of the post-quarantine world and focuses on drive-thrus, self-service, and delivery.
May 26, 2020, Italy:
Due to the sharp decline in interest in fashion in the midst of the pandemic, the company is abandoning the traditional calendar of shows and moving to an off-season schedule.
May 26, 2020, Germany:
The masks to protect against coronavirus are called Face Covers and are made from recycled materials.
May 25, 2020, United Kingdom:
Due to the coronavirus pandemic, more and more customers are adopting the habits of the younger generation and do not want to constantly change their wardrobe.
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