Since it gives the number of pre-production audits and its results, we have considered it.

pg. 2

"Risk Assessment

An initial supplier verification and risk assessment is conducted to prevent involvement with high-risk suppliers.

Once a supplier has passed the risk assessment, the relationship between Victoria’s Secret & Co. and a qualified supplier begins with a written master sourcing agreement wherein the supplier certifies that its factories and any that it may contract with will comply with Victoria’s Secret & Co.’s Supplier Code of Conduct, including codes and any applicable laws pertaining to slavery and human trafficking. No subcontracting is permitted without prior approval."

"In 2021, 100 pre-production audits were conducted for new factories, and all factories met our standards. The pre-production audit approval rate for 2021 was 93 percent."