Company Directory - Victoria's Secret & Co.
Company Details - Victoria's Secret & Co.
Victoria's Secret & Co.
WebsiteVictoria's Secret is a global lingerie, womenswear, and beauty brand renowned for its fashion-forward designs, iconic runway shows, and innovative marketing strategies. The brand has built a reputation for high-quality intimate apparel and beauty products, and it has been associated with celebrated ambassadors such as supermodel Gisele Bündchen.
CCI Score
CCI Score: Victoria's Secret & Co.
16.97
-0.01%
Latest Event
Modern Slavery Transparency Statement Review
Victoria’s Secret & Co. issued its Modern Slavery Transparency Statement for the fiscal year ended January 31, 2024, detailing comprehensive measures to combat modern slavery throughout its supply chain and to protect labor rights.
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SABOTEUR
Victoria's Secret & Co. is currently rated as a Saboteur.
Latest Events
- APR222024
Victoria’s Secret & Co. issued its Modern Slavery Transparency Statement for the fiscal year ended January 31, 2024, detailing comprehensive measures to combat modern slavery throughout its supply chain and to protect labor rights.
+80
Supply Chain Ethics
March 22
The statement demonstrates a robust commitment to ethical supply chain practices by outlining strict policies, audits, and risk assessments to eliminate forced labor and human trafficking. This proactive approach in supply chain management significantly supports ethical business practices.
Modern Slavery Transparency Statement | Victoria's Secret & Co.
+75
Labor Relations and Human Rights Practices
March 22
The document also outlines significant measures aimed at protecting labor rights, such as mandatory training programs, regular risk assessments, and grievance mechanisms that support fair labor practices. Although these efforts are commendable, additional transparency on the outcomes would further bolster accountability.
Modern Slavery Transparency Statement | Victoria's Secret & Co.
- OCT012023
Victoria's Secret & Co. publicizes its rigorous commitment to ethical supply chain practices and labor standards. The company details its supplier code of conduct, adherence to international human rights frameworks, and continuous oversight of its global production network to ensure safe and fair labor practices.
+80
Labor Relations and Human Rights Practices
March 22
The article clearly outlines Victoria's Secret & Co.'s dedication to maintaining high labor standards among its suppliers. The company emphasizes strict adherence to ethical labor practices, regular audits, and alignment with international frameworks such as the UDHR, ILO, and UN principles, demonstrating a robust commitment to labor rights and human dignity.
+80
Supply Chain Ethics
March 22
Victoria's Secret & Co. demonstrates comprehensive supply chain ethics by enforcing a rigorous Supplier Code of Conduct, due diligence in supplier selection, and transparent audits. Their commitment to ethical sourcing and proactive risk management within a complex global supply chain underlines a positive corporate stance against exploitative practices.
- MAY282022
Victoria’s Secret reached a settlement of $8.3m with over 1,200 sacked Thai garment workers who were denied legally mandated severance. This event highlights significant labor rights abuses and unethical labor practices that reflect broader patterns of worker exploitation.
-60
Labor Relations and Human Rights Practices
March 22
The settlement exposes deep labor rights failures at a manufacturing facility supplying Victoria's Secret. The lack of legally mandated severance payments and subsequent need for a substantial settlement indicate neglect of worker rights, reinforcing exploitative business practices that contribute to oppressive economic structures in late stage capitalism.
Victoria’s Secret pays sacked Thai workers $8.3m in ‘wage theft’ settlement
- MAY282022
Victoria's Secret advanced $8.3m in severance funds to cover unpaid wages for more than 1,000 Thai garment workers. The settlement arises from failure to meet mandated severance payouts, highlighting issues in the company's labor practices and its treatment of workers.
-50
Labor Relations and Human Rights Practices
March 22
The article details a wage theft settlement in which Victoria's Secret only facilitated payment of severance funds through a loan arrangement rather than directly honoring legal obligations. This incident signals potential exploitation and a disregard for fair labor practices, undermining workers' rights and benefitting from cost-cutting measures at the expense of vulnerable laborers.
Victoria’s Secret pays sacked Thai workers $8.3m in ‘wage theft’ settlement
- MAY252022
Victoria's Secret intervened in a prolonged wage dispute by advancing severance funds, ensuring that 1,388 Thai garment workers received full compensation. This action highlights the company's commitment to upholding fair labor practices and ethical treatment within its supply chain.
+80
Labor Relations and Human Rights Practices
March 22
Victoria's Secret took a proactive stance in a labor dispute involving its former supplier by ensuring that 1,388 garment workers received an $8 million severance payout. By advancing necessary funds and engaging in active dialogue with worker representatives and government authorities, the company demonstrated a strong commitment to labor rights, setting a positive precedent in its business practices and ethical responsibilities.
- DEC312021
Victoria's Secret & Co spent $35,000 on lobbying efforts in 2021, as reported by OpenSecrets. This expenditure indicates the company's engagement in political activities aimed at influencing policy-making in favor of corporate interests, raising concerns among those opposing corporate complicity in authoritarian practices.
-20
Political Contributions and Lobbying Efforts
March 22
Victoria's Secret & Co's lobbying expenditure of $35,000 in 2021, while relatively modest in absolute terms, demonstrates a deliberate effort to influence political processes. From an anti-fascist perspective, such spending promotes corporate influence over policy-making and contributes to undermining democratic accountability, which is a concern given the broader trends of authoritarian influence.
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