Thursday, May 23, 2013

Ethical and Compliance Issues

Victoria's Secret states that honesty, integrity and fair treatment of associates, customers and suppliers are fundamental values of their company.  They insist that their businesses be conducted according to ethical standards that they can point to with pride.  They state that they have been actively engaged in the development of initiatives and best practices that enhance the capacity of local governments to improve legal compliance and the capacity of their suppliers to comply with their labor standards.  They have undertaken these initiatives in collaboration or consultation with other leading companies, NGOs,, labor groups, international organizations and multi-stakeholder initiatives.  Additionally, they seek active and constructive engagement and cooperation with labor groups and NGOs focused on solving problems that may arise at their vendors' facilities.  Through those efforts, they strive to develop effective and sustainable models for addressing challenges throughout their supply chain.