Compliance management and audits are fundamental for luxury companies to ensure that their social and environmental policies are enforced throughout the supply chain. In 2019, 58.9 percent of Kering's suppliers were rated as compliant. Conversely, at least one zero-tolerance breach was identified for 0.7 percent of the suppliers. According to the source, 68 suppliers saw their business relationship terminated by Kering in 2019 due to unsatisfactory audit results.
Share of suppliers of the Kering Group that are in compliance with its social and environmental standards in 2019
* Depending on the results of audits, suppliers are classified as: compliant (no zero-tolerance breaches, no supplier compliance breaches, fewer than five observations); partially compliant (no zero-tolerance breaches, no serious compliance breaches, fewer than five moderate breaches); progress expected (no zero-tolerance breaches, more than five moderate compliance breaches or at least one serious breach); zero tolerance (at least one zero-tolerance breach).
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Kering. (October 7, 2020). Share of suppliers of the Kering Group that are in compliance with its social and environmental standards in 2019 [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1126638/kering-supplier-compliance-rate/
Kering. "Share of suppliers of the Kering Group that are in compliance with its social and environmental standards in 2019." Chart. October 7, 2020. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1126638/kering-supplier-compliance-rate/
Kering. (2020). Share of suppliers of the Kering Group that are in compliance with its social and environmental standards in 2019. Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1126638/kering-supplier-compliance-rate/
Kering. "Share of Suppliers of The Kering Group That Are in Compliance with Its Social and Environmental Standards in 2019." Statista, Statista Inc., 7 Oct 2020, https://www.statista.com/statistics/1126638/kering-supplier-compliance-rate/
Kering, Share of suppliers of the Kering Group that are in compliance with its social and environmental standards in 2019 Statista, https://www.statista.com/statistics/1126638/kering-supplier-compliance-rate/ (last visited November 22, 2024)
Share of suppliers of the Kering Group that are in compliance with its social and environmental standards in 2019 [Graph], Kering, October 7, 2020. [Online]. Available: https://www.statista.com/statistics/1126638/kering-supplier-compliance-rate/