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On 19 December 2019, the multi-stakeholder board of Fair Wear Foundation issued a statement, welcoming ACT’s use of its product costing tools.
The joint due diligence framework ACT adopted last September, prescribes that ‘brands will conduct labour costings in line with predicted wage increases […] and to incorporate this into purchasing prices.’ Fair Wear’s innovative labour minute costing calculators, which have been tried and tested by Fair Wear’s member brands and their suppliers, is designed to allow brands to calculate prices that fully and accurately integrate the costs of living wages.
For more about Fair Wear and ACT’s collaboration and alignment, download the statement here.