Solo invest is a French company that joined FWF in June 2014.
Brand Performance Check 2016
Solo Invest S.A.S (hereafter: Sol’s) met most of FWF’s management system requirements to improve working conditions at its suppliers. In 2015 Sol’s monitored 65% of its total purchasing volume, which is above the 60% required for the second year of FWF membership.
Sol’s sourcing practices supports the implementation of the Code of Labour Practices. Sol’s determines product prices based on its knowledge on labour minute costing at style level, adjusted to a supplier’s unique capacity and efficiency. Lead time and production planning are also discussed with suppliers in advance. Sol’s commits to main suppliers on a monthly production volume, which enables suppliers to make proper planning. These systems have been shown to contribute to preventing overtime and ensuring minimum wages at brand level; for example, as a result, audits found that Sol’s suppliers in Bangladesh
had not engaged in excessive overtime in 2015.
Sol’s monitors its suppliers with FWF’s audit team. Audit reports are followed up timely. Most issues in the Corrective Action Plans have been discussed with factory management. According to Sol’s own monitoring results, remediation on issues such as occupational health and safety risk, incomplete personal data and lack of contracts has been realised.
FWF encourages Sol’s to invite more suppliers to take part in the Workplace Education Programme. Sol’s could also improve its monitoring process by providing training to agents and local staff on FWF’s audit methodology and requirements
Score: 62 Percentage under monitoring: 65% Category: Good