Fashion Revolution+Discloses Orders Discounted (COVID-19 Response)

Discloses Orders Discounted (COVID-19 Response)

Does the company disclose the percentage of orders since the outbreak of COVID-19 for which discounts on the previously agreed payment terms have been renegotiated?

WikiRate ID: 7449442

Designer: Fashion Revolution

Metric Type: Researched

About the data

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.

Methodology

In this question you are being asked to identify whether the company discloses the percentage of orders since the outbreak of COVID-19 for which discounts on the previously agreed payment terms have been renegotiated.

Where to look for this information:
- Corporate Social Responsibility report
- In Modern Slavery Statement or California Transparency Act disclosure
- Corporate Social Responsibility report
- Company documents
- Company policies
- Company websites
- Company code of conduct
- Parent company documents (only if the parent company is linked to from the brands website)
- Parent company policies (only if the parent company is linked to from the brands website)
- Parent company websites (only if the parent company is linked to from the brands website)
- Parent company code of conduct (only if the parent company is linked to from the brands website)

Good keywords for your searches include:
- Order cancellation
- Partial cancellation
- Cancellation
- Order
- Discount

Things to keep in mind:
- Must disclose a % of orders with agreed payment terms that were renegotiated during COVID 19

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Value Type