Fashion Revolution+Discloses Orders Discounted (COVID-19 Response)+Fashion Transparency Index 2021 - Scoring+About
Brands purchasing practices during Covid-19 have had a huge impact on suppliers' ability to pay workers on time and adequately. Some brands cancelled orders then reinstated them, asking for discounts. Any changes on previously agreed upon prices has significant impacts on workers across supply chains as suppliers are already operating on thin margins. Therefore, it is important brands are monitoring and disclosing this information as it helps inform understanding of how Covid-19 response has impacted workers across global supply chains.
A note on the scoring system
WikiRate has a standardised 10-point scoring system making it possible to compare company scores across different benchmarks. On WikiRate.org, the Fashion Transparency Index scoring system, where each company can get a maximum of 250 points, has been converted to the 10-point scoring system - with 10 being the highest a company can score and 0 being the lowest. These company scores can also be translated to percentages e.g. if a company has scored 2.5 out of 10 on WikiRate, they have achieved 25% of the 250 points in the Fashion Transparency Index.
A note on the scoring system
WikiRate has a standardised 10-point scoring system making it possible to compare company scores across different benchmarks. On WikiRate.org, the Fashion Transparency Index scoring system, where each company can get a maximum of 250 points, has been converted to the 10-point scoring system - with 10 being the highest a company can score and 0 being the lowest. These company scores can also be translated to percentages e.g. if a company has scored 2.5 out of 10 on WikiRate, they have achieved 25% of the 250 points in the Fashion Transparency Index.