Tricorp Performance Check 2015

Tricorp Performance Check 2015

In 2014, Tricorp meets most of FWFs management system requirements. For the Brand Performance Check, Tricorp has achieved a score of 54, which is sufficient for attaining the Good category. With a monitoring percentage of 78%, it falls short of the required 90% for brands who have been members longer than three years. In comparison to last year, Tricorp has made a good effort and booked significant progress, especially when it comes to monitoring and remediation. In addition to this, Tricorp has taken steps to ensure that the monitoring threshold of 90% will be reached in the first half of 2015. For this reason, FWF exercises its discretionary power to award Tricorp with placement in the Good category. Tricorp still has significant potential to improve in 2015. This is especially related to conducting sufficient social compliance due diligence when starting production at new production locations and knowing exactly where all production takes place, especially when working with an agent. There also needs to be continued focus on audit follow-up and remediation. Finally, Tricorp is encouraged to take further steps to mitigate risks related to Building and Fire Safety in Bangladesh, especially related to the existing Corrective Action Plans that it has in possession.

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