Mindful of consumers’growing desire to know their clothes were made under safe working conditions, Inditex, the retailer and parent of fast fashion chain Zara, has steadily shifted production to suppliers with stronger safety records. Last year, 95% of its products were made at those better factories, up from 80% in 2012 and well above industry averages. Acting ethically hasn’t hurt the company financially; Inditex has posted 7% annual sales growth since 2012. The company also conducts its own training on worker safety, with an emphasis on educating women—85% of its factory staff—about how to recognize gender discrimination and defend their rights and their value.
Company Information
Impact Segment | Human Rights/Social Justice |
Sector | Retailing |
Industry | Specialty Retailers |
CEO | Pablo Isla |
Website | www.inditex.com |
Employees | 171,839 |
Company Type | Public |
Revenues ($M) (Last Fiscal Year) | $28,887 |
Profits ($M) (Last Fiscal Year) | $3,840 |
Market Value ($M) | $98,934 |