Bel & Bo Performance Check 2017
Bel&Bo has shown progress and met most of FWFs’ performance requirements for its second year of membership. The company reached a monitoring threshold of 70% in 2016 and remains in the Good category with a score of 53.
To monitor its production units, Bel&Bo uses the FWF quality assessment tool in a systematic manner. Corrective Action Plans are also well detailed for each production location. If collected information is assessed as insufficient, the CSR manager requires a recent full audit report. When the audit report is deemed reliable, Bel&Bo starts to work on the Corrective Action Plan. For the 2016 financial year, 13% of FOB was monitored through FWF audits, while 55% of production was monitored through external audits.
FWF recommends Bel&Bo to consolidate its supply base by limiting the number of suppliers in its ‘tail end’. To achieve this, Bel&Bo should determine whether suppliers from which they purchase less than 2% of their FOB are of strategic relevance. Shortening the tail will reduce the social compliance risks the member is exposed to and will allow Bel&Bo to improve working conditions in a more efficient and effective way.
Benchmarking score: 53, Percentage under monitoring: 70%, Category: GoodDownload