Source
Comments
Software: "One key tool for supporting our suppliers is our ongoing partnership with EcoVadis. EcoVadis assesses suppliers’ strengths and opportunities across four key areas of ESG: labour and human rights, environmental impact (including GHG emissions and additional climate-related issues), business ethics, and sustainable procurement" (pg 2)
Research: "In 2021, as part of our Enterprise Risk Management (ERM) framework, a new risk assessment cycle was conducted across FARFETCH to evaluate Company practices and identify any new risks or material changes in relation to identified risks, including those associated with ESG and modern slavery. This assessment included a dedicated risk workshop with the Group Executive Committee facilitated by the FARFETCH Risk team, with resultant Group level principal risks each being allocated to an Executive level owner. This output was formally presented to the Group Audit Committee who have overall responsibility for risk within FARFETCH and are given a formal quarterly update on the implementation of ERM across the group." (pg 3)
"Furthermore, as reported in 2020, the Global Risk Committee (GRC), a management level committee working alongside the Risk team, continues to act as an additional layer of assurance by verifying and monitoring risks on a bi-annual basis prior to Audit Committee review" (pg 3)