Due Diligence and Risk Analysis
Benetton Group pays the utmost attention to risk management and deems the assessment in advance and on an ongoing basis of the nature and level of the risks associated with the strategic objectives of fundamental importance for the creation of sustainable value. In 2019 and 2020, Benetton Group conducted due diligence on its value chain, in order to identify, prevent and mitigate the current and potential impacts of the activities carried out. The analysis focused on environmental and social impacts and is aligned with the OEDC Guidelines on Due Diligence in the Garment and Footwear Sector. In particular, Benetton Group:
The risk analysis was conducted internally, with the contribution of company managers, whereas it does not provide for direct involvement of external stakeholders.
Risk analysis is an integral part of the corporate system and is a dynamic process, subject to continuous updating.
In order to identify the environmental risk factors, the IPE’s environmental compliance database, Environmental Performance index and Material Sustainability Index (MSI) of Sustanable Apparel Coalition were considered.
In order to identify social risk factors, we referred to the ILO conventions, the principles of SA8000, UN Guiding Principles on Business and Human Rights, United Nations Sustainable Development Goals, the WBCSD database – The Human Rights Opportunities and World Economic Forum – The Global Risks Report.
Please, download here below the Benetton Group’s Animal Welfare and Materials Policy.
Please, download here below the Benetton Group’s Water Policy.
Benetton Group is committed to prevent the generation of textile waste and not to waste the value of end-of-life garments. For this reason, it adopts a “make-to-order” production system, aimed at minimizing overstock. This is however reallocated in the secondary sales channels, as is the case for defective stock and production samples.
At 31.12.2020 there are 28.000 items of obsolete goods in the warehouse, which will be managed through the appropriate channels. During 2020, no garments were incinerated or destroyed.
Please, download here below the Benetton Group’s Policy on Waste and Recycling