Gepubliceerd op 11 maart 2024

ESG

Zara urged to disclose more supply chain info

In a Reuters news story, MN is quoted regarding the pressure from investors for additional information about the supply chain of Zara owner Inditex.

Investors are urging Inditex to follow the lead of its competitors, H&M and Primark, by publicly disclosing its full list of suppliers. This transparency would allow investors to better assess any supply chain risks, as reported by Reuters.

“Even though Inditex assures us that they have this data available, up until now, Inditex is not willing to disclose this information, unlike some industry peers who publish extensive supplier lists,” the story quotes MN.

MN engages in shareholder discussions with Inditex on social topics for all seven of our pension fund clients. Those discussions focus on decent wages for garment workers and ensuring there is no forced labor in supply chains.