Having been rocked by the scandal surrounding poor practices at its suppliers last year (see article n°12051), UK online clothing retailer Boohoo is looking to restore its image and has decided for the first time, under pressure from its shareholders as well as members of parliament, to calculate the bonuses pocketed by its executives on the basis of progress made on environmental, social and governance issues.
Boohoo, which employs some 2,000 people, revealed in the presentation of its annual report on 19 May that 15% of bonus pay to executives for the ongoing financial year will be calculated according to progress on the objectives set by the group’s Agenda for Change programme. The scheme requires the company to improve working conditions at the factories of suppliers. It also requires the company to have a whistleblower support system in place, to have a responsible sourcing plan and to publish th
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