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Discloses Number of Collective Bargaining Agreements Providing Wages Above Legal Minimum
What score did the company achieve for this indicator in the Fashion Transparency Index 2021?
Score
Collective bargaining agreements allow employers and unions to negotiate on important issues such as fair wages and working conditions. Disclosing whether a company has collective bargaining agreements to pay higher wages than local law is important because local laws are insufficient to cover a living wage, which are a human right recognised by the United Nations, and it means being paid enough to afford food, water, housing, education, health care, transportation, clothing.
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.
Scored Metric
Discloses Number of Collective Bargaining Agreements Providing Wages Above Legal Minimum
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Fashion Revolution
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