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TJX

OVERALL

Owned
USA
Rating
Criticisms

Discount retailer

Operates over 4,500 discount stores in nine countries across Europe, North America and Australia.

The TJX Companies Inc   USA     website         

> About the Ratings

Company Assessment

PRAISE CRITICISM INFORMATION
The TJX Companies Inc
Environment CDP Climate Change Score of B
In 2022, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to reduce greenhouse gas emissions and mitigate climate change risk. Responding companies are scored across four key areas: disclosure; awareness; management; and leadership. This company received a CDP Climate Change Score of B.
Source: CDP (2022)
Business Ethics 59.8/125 at JUST Capital
JUST Capital polls Americans every year to identify the issues that matter most in defining just business behaviour. For their 2023 rankings JUST Capital asked a representative sample of 3,002 Americans to compare 20 different business Issues on a head-to-head basis, producing a reliable hierarchy of Issues ranked in order of priority. Issues are organised under the headings Workers, Customers, Communities, the Environment, or Shareholders & Governance. JUST Capital then define metrics that map to those issues and track and analyse the largest, publicly traded U.S. companies. This analysis powers their rankings, in which this company ranked 169th of 951 companies, and 7th of 40 Retail companies.
Source: JUST Capital (2023)
Business Ethics 72.3/100 in Newsweek rankings
America's Most Responsible Companies 2022 by Newsweek and Statista recognises the Top 500 most responsible companies in the United States. Companies were evaluated in three areas: environmental (waste, energy use, etc.), social (leadership diversity, employees and philanthropy) and governance (transparency and economic performance). This company received a total score of 72.3/100, ranking 9th in the Retail sector, and 264th overall.
Source: Newsweek (2021)
Environment 7% in Forest 500 Rankings
Forest 500 identifies the 350 companies and 150 financial institutions with the greatest exposure to tropical deforestation risk, and annually assesses them on the strength and implementation of their deforestation and human rights commitments. This company received a score of 7%.
Source: Forest 500 (2021)
Social Human Rights Benchmark
The 2019 Corporate Human Rights Benchmark assessed 200 of the largest publicly traded companies in the world from the Agricultural Products, Apparel, Extractives and ICT Manufacturing sectors on 100 human rights indicators. This company's score was in the 10-20 band range. The overall average score was a disappointing 24%.
Source: World Benchmarking Alliance (2019)
Social 19/100 in KnowTheChain Benchmark
In 2020/21 KnowTheChain benchmarked over 180 large global companies in the ICT, Food & Beverage, and Apparel & Footwear sectors on their efforts to address forced labour and human trafficking in their supply chains. This company received a score of 19/100.
Source: KnowTheChain (2021)
Social 19/100 in KnowTheChain Benchmark
In 2020/21 KnowTheChain benchmarked over 180 large global companies in the ICT, Food & Beverage, and Apparel & Footwear sectors on their efforts to address forced labour and human trafficking in their supply chains. This company received a score of 19/100.
Source: KnowTheChain (2021)
Business Ethics CEO Pay Ratio of 1,590:1
In 2020, twenty CEOs furloughed (temporarily laid off) a majority of their workforces due to COVID-19 while having made more than 1,000 times their median employee's compensation in 2019. Altogether, the total compensation of these twenty CEOs could have supported more than 30,000 jobs at their companies' median employee level of compensation. In 2019 this company's CEO was paid US$19,083,676, while the median employee pay was US$12,006, giving a CEO Pay Ratio of 1,590:1.
Source: AFL-CIO (2020)
Social Underpaying workers in USA
In 2020, after more than 6 years of litigation, this company agreed to pay out US$31.5 million to Marshalls and HomeGoods workers who say they were illegally denied overtime pay. The deal, which awaits approval in US District Court for the District of Massachusetts, was reached according to court documents filed by the plaintiffs' legal team on July 20, 2020. The settlement will be distributed among about 1,900 current and former assistant store managers of Marshalls and HomeGoods. The gross recovery amount is $16,750, lawyers for the plaintiffs have determined, with the average worker to receive a payout of $10,207 after attorneys' fees and other costs.
Source: news article (2020)
Social 0.5% in Sustainable Cotton Ranking
The 2020 Sustainable Cotton Ranking, published by WWF, Solidaridad and the Pesticide Action Network UK analysed the 77 largest cotton users among international apparel brands and retailers, reviewing their policies, actual uptake of more sustainable cotton and transparency in their supply chains. According to the report, this company is "not yet started" with a score of 0.5%. The average score was 18.2% and the highest score was 79.2%.
Source: Sustainable Cotton Ranking (2020)
Business Ethics 13/100 in Fashion Transparency Index
The 2022 Fashion Transparency Index reviewed 250 of the world's largest fashion brands and retailers and ranked them according to how much they disclose about their human rights and environmental policies, practices and impacts. Brands owned by this company scored 13%, signifying it is doing a bit more than the others when it comes to having policies and commitments in place and auditing and reporting activities, but could be doing more. The average score was 24% and the highest score was 78%.
Source: Fashion Revolution (2022)
Business Ethics 29/100 S&P Global ESG Score
This company received an S&P Global ESG Score of 29/100 in the Retailing category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 18 Nov 2022). The rankings are based on an analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, environmental reporting, climate strategy, human rights and labour practices.
Source: S&P Global (2022)
Business Ethics Class action lawsuit in USA
In 2017 this company agreed to pay US$8.5 million to settle claims that it failed to pay nearly 83,000 California employees for time spent undergoing mandatory security searches before leaving for meal breaks and at the end of their work days.
Source: news article (2017)
Social Uzbek Cotton Pledge signatory
This company signed the Uzbek Cotton Pledge with the Responsible Sourcing Network, signifying a public commitment to not knowingly source Uzbek cotton for the manufacturing of any of their products until the Government of Uzbekistan ends the practice of forced labor in its cotton sector. However the Pledge was lifted in March 2022 after the Uzbek Forum for Human Rights, who monitored the annual cotton harvest since 2010, found no state-imposed forced labor in the 2021 harvest.
Source: Cotton Campaign (2022)
Business Ethics Responsibility claims
This company has corporate responsibility claims on its website under the headings workplace, communities, environmental sustainability and responsible business.
Source: company website (2021)
Social BHRRC company profile
Business & Human Rights Resource Centre digital platform presents news and allegations relating to the human rights impact of over 20,000 companies. Their enhanced Company Dashboards also include financial information, key data points based on corporate policies, and scores from prominent civil society benchmarks. Follow the link and use the search function to view this company's dashboard.
Source: BHRRC (2022)
Business Ethics OpenSecrets.org profile
OpenSecrets.org tracks the influence of money on U.S. politics, and how that money affects policy and citizens' lives. Follow link to see this company's record of political donations, lobbying, outside spending and more.
Source: Open Secrets (2020)

> About the Icons

Company Details

Type Public company
Founded 1987
Revenue 38.9 billion USD (2018)
Employees 270,000 (2018)
Subsidiaries TJX Australia Pty Ltd 

Clothing retailer

Australian subsidiary of the American retail giant, TJX Companies.

Contact Details

Address Framingham, Massachusetts, USA
Website tjx.com

Products / Brands

TJX Australia
TK Maxx Clothing Stores


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