Company Directory - Hanes Brands
CCI Score
CCI Score: Hanes Brands
3.54
Latest Event
Ensures Severance Payment to Haitian Factory Workers
Hanes Brands intervened to secure the payment of severance funds for Haitian factory workers by requesting detailed severance information from the factory owner and providing necessary funds to avert the plant’s closure and potential worker hardship.
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OBJECTOR
Hanes Brands is currently rated as an Objector.
Latest Events
- APR012025
Hanes Brands intervened to secure the payment of severance funds for Haitian factory workers by requesting detailed severance information from the factory owner and providing necessary funds to avert the plant’s closure and potential worker hardship.
+80
Labor Relations and Human Rights Practices
April 1
Hanes Brands took proactive steps to safeguard worker rights in a vulnerable context by ensuring that severance payments were met, preventing potential exploitation and financial instability for Haitian factory workers. This responsible action aligns with strong labor relations and human rights practices.
Hanesbrands Ensures Severance Paid to Haitian Factory Workers
- FEB062025
OpenSecrets data reveals that HanesBrands Inc contributed $297,307 in the current election cycle and spent $120,000 on lobbying, with a notable revolving door phenomenon where 2 out of 3 lobbyists in 2023 and all lobbyists in 2024 had previous government roles. This raises concerns about undue corporate influence and potential regulatory capture.
-50
Political Contributions and Lobbying Efforts
April 1
HanesBrands' spending on political contributions and lobbying, along with data indicating that a significant proportion of their lobbyists are former government officials, suggests an environment ripe for conflicts of interest and regulatory capture, undermining democratic accountability.
-50
Executive Political Engagement
April 1
The revolving door situation, where nearly all of HanesBrands' lobbyists have held previous government positions, points to problematic executive political engagement that can compromise impartial governance and favor corporate interests over public welfare.
- JAN132025
An investigation by the Workers Rights Council revealed that Hanesbrands (HBI) illegally blacklisted union leader employees after the closure of its Jasper factory in Honduras. The company allegedly denied rehiring opportunities to these worker leaders while offering positions to other former workers, highlighting discriminatory labor practices.
-70
Labor Relations and Human Rights Practices
April 1
HBI's decision to blacklist union leaders and deny them rehiring opportunities, while rehiring non-union workers, reflects a discriminatory labor practice that undermines workers' rights and union representation. This action reinforces authoritarian labor practices and is strongly detrimental from an anti-fascist, pro-worker standpoint.
Blacklisting of Workers from Former Hanesbrands Collegiate Factory (Honduras)
- NOV202023
Hanesbrands has entered into a cooperation agreement with activist investor Barington Capital Group LP, agreeing to support board-nominated directors and appointing three new industry veterans. The move comes amid financial challenges and follows previous investor calls for changes in leadership, suggesting a shift toward enhanced corporate governance and accountability.
+30
Business Practices and Ethical Responsibility
April 1
The agreement and subsequent board appointments indicate a proactive effort to improve corporate governance. Enhanced oversight and accountability can help ensure that the company remains responsive to shareholder concerns and operates with greater ethical responsibility, which aligns with progressive, anti-authoritarian business practices.
Hanesbrands, activist investor James Mitarotonda reach cooperation agreement
+20
Economic and Structural Influence
April 1
The board restructuring and the inclusion of an activist investor’s input represent a structural shift that can disperse traditional power concentrations within the company. This change may lead to improved checks and balances, fostering a more democratic governance model and reducing potential tendencies toward corporate authoritarianism.
Hanesbrands, activist investor James Mitarotonda reach cooperation agreement
- NOV152023
Hanes Brands concluded a three-and-a-half-month activist standoff by agreeing to add three new board members and entering a cooperation agreement with activist hedge fund Barington Capital. The changes are intended to address concerns over board composition and corporate governance, potentially leading to improved oversight and accountability.
+20
Business Practices and Ethical Responsibility
April 1
The board changes, prompted by activist pressure, introduce new leadership with diverse and significant operational experience. This action can be interpreted as a move toward improved corporate governance and accountability, aligning with ethical business practices that indirectly resist the centralization of power often associated with authoritarian models.
- AUG082023
Activist investor Barington Capital Group pressured Hanesbrands to reduce costs, cut $300 million in annual expenses, and restructure its debt profile by advocating for board refreshment and even considering a new CEO. Hanesbrands, while affirming its current growth strategy, resisted changes to its board.
-30
Business Practices and Ethical Responsibility
April 1
Hanesbrands' reluctance to adopt the activist investor's recommendations—particularly regarding board refreshment and aggressive cost cutting—suggests an adherence to entrenched corporate practices that may prioritize short-term financial metrics over the long-term interests of workers and broader stakeholder accountability.
Hanesbrands faces activist pressure from Barington Capital Group
-20
Economic and Structural Influence
April 1
The call for significant debt reduction and operational restructuring underscores a push towards financial engineering that may ultimately lead to decisions harmful to long-term employment stability and community interests. The company's resistance to these externally imposed changes reflects a structural rigidity that resists reform.
Hanesbrands faces activist pressure from Barington Capital Group
- JAN012023
Hanesbrands Inc reportedly spent $560,000 on federal lobbying activities in 2023, as documented by OpenSecrets. This spending is seen as an effort to influence policy in ways that may prioritize corporate interests over democratic accountability.
-40
Political Contributions and Lobbying Efforts
April 1
The reported $560,000 spent on lobbying in 2023 by Hanesbrands Inc raises concerns about corporate influence in political processes. From an anti-authoritarian perspective, using significant funds to shape policy may undermine democratic transparency and accountability, favoring corporate interests over the public good.
- AUG312022
In August 2022, following the closure of its supplier factory GO Haiti, HanesBrands intervened to provide $330,000 in severance payments to over 800 garment workers, ensuring they received nearly three months of pay and upholding labor rights within its supply chain.
+80
Labor Relations and Human Rights Practices
April 1
HanesBrands proactively ensured that 827 of 835 garment workers received their legally due severance payments following the closure of the GO Haiti factory. This action not only protected vulnerable worker rights but also countered widespread industry practices of severance theft, demonstrating a positive commitment to labor relations and ethical responsibility.
- JAN012012
HanesBrands issued a comprehensive compliance statement under the California Transparency Act detailing its efforts to evaluate and address risks of forced labor, human trafficking, and slavery. The company describes rigorous internal and third‑party audits, supplier certifications, and continuous training for employees on supply chain management, reflecting robust measures to protect labor rights and maintain ethical sourcing standards.
+80
Labor Relations and Human Rights Practices
April 1
HanesBrands demonstrates strong commitments to labor rights by instituting comprehensive audits and internal accountability measures to mitigate risks of forced labor, human trafficking, and slavery. These practices reflect proactive efforts to protect worker rights and ensure safe, fair labor conditions.
+85
Supply Chain Ethics
April 1
The company’s proactive verification of its supply chain through independent, unannounced audits, supplier certifications, and detailed internal procedures exemplifies a strong commitment to ethical sourcing practices and transparency, reducing the risk of human rights abuses.
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Corporate Financials
- Revenue
- 2022
- $6.30B
- Total Assets
- 2022
- $4.50B
- Operating Income
- 2022
- $350.00M
- Total Equity
- 2022
- $2.20B
Industries
- 448190
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- 315240
- Women’s Clothing Manufacturing
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- Men's and Boys' Cut and Sew Apparel Manufacturing