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"The FSSA investment team engaged with a number of companies...The objectives were to raise awareness of the heightened risks, identify exposure, encourage the company to take action and share examples of best practice" ...."Our conversations with the CFO at the time helped us make our own independent assessment and we were encouraged by notable changes the company was making with regard to its treatment of its workers"... "We wrote to the company in June 2020"... "Following the company’s reply to our letter and the CBP action, we had a call with the company’s CFO to hear further details first-hand and encourage better practice"... "We also requested a sample audit"

"In accordance with the guidelines set out in our Modern Slavery Toolkit, we are escalating this issue directly with the company to ensure there are processes in place..."

"With both valuation and concerns over quality in mind, we sold the last of our shares".

(See page 10)

"Initiate the development of a remediation process with regards to identified issues of modern slavery in our supply chain" (p. 11 referring to activities they aim to achieve)

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The company does not report any evidence of canceling the contract hence unchecked.

pg. 10

"Following this, and ahead of our escalation, the US Customs and Border Protection (CBP) ordered a Withhold Release Order (WRO) on two of the company’s largest subsidiaries. The WRO targeted recruitment fees (believed to facilitate debt bondage) that had not been remediated to workers hired before January 2019. This is significant as 80% of the company’s work force were hired between 2015-2019 and hadn’t yet been reimbursed. The country’s employment ministry, as it had in response to the 2018 allegations, investigated the company’s factories and declared that there were no instances of ‘modern slavery’, but it was clear to us that workers recruitment fees were still outstanding."

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Data copied from First Sentier Investors (Australia) IM Ltd. for 2020