In 2024, we undertook a comprehensive Supplier Risk Assessment to enhance transparency and assess potential risks within our supply chain. As part of this process, a Discovery Questionnaire was distributed to all our Tier 1 suppliers to evaluate their policies, training programs, and standards for mitigating modern slavery risks. Suppliers were also requested to disclose details regarding any subcontractors or partners they engage with.
In addition to the questionnaire, relevant documentation—including social compliance audit reports, certifications, and internal policies—were reviewed to assess the likelihood of human rights or environmental risks occurring within our supply chain.
The 2024 Risk Assessment covered 45 factories across 12 countries, identifying key areas for improvement and opportunities for enhanced supplier engagement. The assessment also highlighted positive supplier initiatives that align with our commitment to reducing modern slavery risks and supporting local communities. We remain dedicated to collaborating with our suppliers to strengthen due diligence efforts and drive meaningful progress in ethical sourcing.