Who’s complying with the California Transparency in Supply Chains Act?
The Act: As of January 2012, requires companies with more than US$100m in sales worldwide that do business in California to clearly post on their websites the steps they are taking to address human trafficking and slavery.
The Rationale: If consumers know what companies are doing, they can support good practices with their dollars. [That’s the idea behind the New York City Urban Project / Price of Life upcoming LOGOFF creative work day! Are you going?]
Compliance: A University of Delaware study found that about a quarter of eligible companies have not posted the information as required.
Who’s doing it right? The study reports that:
The Jones Group, whose brands include Jones New York, Anne Klein, Rachel Roy and Nine West, [i]s an industry leader in this area, as its disclosures not only addressed all elements but also contained supporting evidence for each of its statements.