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Kate Spade

OVERALL

Owned
USA
Rating
Criticisms

Fashion

Founded as Liz Claiborne Inc. in 1976, and was renamed Fifth & Pacific in 2012, until becoming Kate Spade & Company in 2014. Acquired by Coach Inc in 2017 for US$2.4bn.

Company Ownership

Kate Spade & Company   USA     website   email      
  Tapestry Inc   
   owns 100% of Kate Spade & Company  
USA     website      facebook   twitter

Luxury fashion

Coach was founded in 1941. Changed its name to Tapestry in 2017 after buying Kate Spade and Stuart Weitzman.

> About the Ratings

Company Assessment

PRAISE CRITICISM INFORMATION
Kate Spade & Company
Social Uzbek cotton commitment
This company has signed the 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. The Uzbek government uses local government officials, hospital directors, and school presidents to mobilize workers; and detains and tortures human rights defenders seeking to monitor the harvests.
Source: As You Sow (2019)
Environment Supply chain practices in China
This company received a score of 7.4/100 (retrieved 10-Oct-2020) in the Corporate Information Transparency Index (CITI), a system for evaluating supply chain practices in China, particularly in regards to environmental management and water pollution. Scores are calculated using government compliance data, online monitoring data, and third-party environmental audits, as well as trends in the environmental performance of factories in the company's supply chains.
Source: IPE (2020)
Social Sweatshops in Jordan
This 2012 report by the Institute for Global Labour and Human Rights reveals how workers at the Rich Pine garment factory in Jordan endure mandatory, seven-day, 96-hour work weeks. All overtime is obligatory, wages are below the legal minimum wage, sick days are not allowed and workers are housed in crowded, primitive dorms. Liz Claiborne clothing accounts for roughly 60 per cent of total production from the factory.
Source: Institute for Global Labour and Human Rights (2012)
Animals Fur free
This company has announced that they don't sell animal fur or are phasing in a fur-free policy.
Source: Humane Society (2019)
Business Ethics Alliance for Bangladesh Worker Safety member
This company is a member of the Alliance for Bangladesh Worker Safety, a legally binding, five-year commitment to improve safety in Bangladeshi ready-made garment factories. The Alliance aims to improve worker safety in the Bangladesh garment industry by upgrading factories, educating workers and management, empowering workers, and building institutions that can enforce and maintain safe working conditions throughout Bangladesh. However it lacks an important enforcement mechanism included in the Accord on Fire and Building Safety in Bangladesh, and unlike the Accord, the Alliance has not received the endorsement of the ILO.
Source: Alliance for Bangladesh Worker Safety (2020)
Business Ethics Better Work Partner
This company is a partner of Better Work, an initiative of the UN's International Labour Organization and the International Finance Corporation which brings diverse groups together - governments, global brands, factory owners, and unions and workers - to improve working conditions in the garment industry and make the sector more competitive.
Source: Better Work (2020)
Social Supply Chain Compliance
This 2010 report by As You Sow, "Toward a Safe, Just Workplace: Apparel Supply Chain Compliance Programs", provides a scorecard and report focus on company programs such as: factory auditing, remediation, continuous improvement, collaboration, company management accountability, and transparency. This company received a C- rating.
Source: As You Sow (2010)
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 (2014)
Tapestry Inc
Social 100% on Corporate Equality Index
This company is listed as having best practice on a report card on lesbian, gay, bisexual and transgender equality in corporate America.
Source: Human Rights Campaign (2020)
Environment Supply chain practices in China
This company received a score of 5.4/100 (retrieved 10-Oct-2020) in the Corporate Information Transparency Index (CITI), a system for evaluating supply chain practices in China, particularly in regards to environmental management and water pollution. Scores are calculated using government compliance data, online monitoring data, and third-party environmental audits, as well as trends in the environmental performance of factories in the company's supply chains.
Source: IPE (2020)
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: CHRB (2019)
Social Cotton sourcing (Rank a Brand)
In 2016 Rank a Brand assessed 37 major cotton-using companies on their commitment and performance with regard to sustainable cotton by looking at each company's cotton sourcing policies, use of sustainable cotton, and traceability. This company scored 0/19.5, making it one of the worst performing companies.
Source: Rank a Brand (2016)
Social Workers rights in China
A 2018 report by China Labour Watch found numerous labor law violations in a Chinese factory which is one of this company's main suppliers. Female workers at the factory went on strike after trying to negotiate with factory management in an effort to defend the basic rights granted to them by Chinese labor laws as well as receive compensation for their owed wages.
Source: China Labor Watch (2018)
Business Ethics 14.8% in Newsweek Green Rankings 2016
This company received a score of 14.8/100 in the Newsweek Green Rankings 2016, which ranks the world's largest publicly traded companies on eight indicators covering energy, greenhouse gases, water, waste, fines and penalties, linking executive pay to sustainability targets, board-level committee oversight of environmental issues and third-party audits. Ranking methodology by Corporate Knights and HIP Investor.
Source: Newsweek (2016)
Environment CDP Forests Score of D
In 2020, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts towards removing commodity-driven deforestation and forest degradation from its direct operations and supply chains. Responding companies are scored across four key areas: disclosure; awareness; management; and leadership. This company received a CDP Forests Score of D.
Source: CDP (2020)
Environment 27% in Forest 500 Rankings
The Forest 500 identifies, ranks, and tracks the governments, companies and financial institutions worldwide that together could virtually eradicate tropical deforestation. Rankings are based on their public policies and commitments and potential impacts on tropical forests in the context of forest risk commodities (palm oil, soy, beef, leather, timber and paper). This company received a score of 27%.
Source: Forest 500 (2020)
Business Ethics CEO Pay Ratio of 486:1
In 2019 the median pay for a worker at this company was US$25,450. The CEO was paid 486 times this amount. Exorbitant CEO pay is a major contributor to rising inequality. CEOs are getting more because of their power to set pay, not because they are increasing productivity or possess specific, high-demand skills. The economy would suffer no harm if CEOs were paid less (or taxed more). In contrast, the CEO-to-typical-worker compensation ratio was 20-to-1 in 1965 and 58-to-1 in 1989.
Source: AFL-CIO (2020)
Business Ethics 19/100 in Fashion Transparency Index
The 2020 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 social and environmental policies, practices and impacts. Brands owned by this company scored 19%, signifying it makes some efforts to manage and improve their supply chains but make little supply chain information publicly available. The average score was 23% and the highest score was 73%.
Source: Fashion Revolution (2020)
Business Ethics 21/100 S&P Global ESG Score
This company received an S&P Global ESG Score of 21/100 in the Textiles, Apparel & Luxury Goods category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 7 Feb 2021). 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 (2021)
Business Ethics Leather Working Group member
This company is a member of the Leather Working Group, a multi-stakeholder group who's objective is to develop and maintain a protocol that assesses the compliance and environmental performance of tanners and promotes sustainable and appropriate environmental business practices within the leather industry.
Source: Leather Working Group (2019)
Business Ethics Sustainable Apparel Coalition member
This company is a founding member of the Sustainable Apparel Coalition, a multi-stakeholder initiative launched in March 2011 by a group of global apparel and footwear companies and non-profit organizations (representing nearly one third of the global market share for apparel and footwear). The Coalition's goals are to reduce the apparel industry's environmental and social impact, and to develop a universal index to measure environmental and social performance of apparel products.
Source: Sustainable Apparel Coalition (2020)
Environment CDP Climate Change Score of C
In 2020, 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 C.
Source: CDP (2020)
Social 50.9% in conflict minerals rankings
As You Sow's 2019 report, Mining the Disclosures, is a deep analysis of 215 companies' human rights performance in relation to sourcing conflict minerals from the Democratic Republic of the Congo (DRC). This company's score was 50.9% (Adequate).
Source: As You Sow (2019)
Social Modern Slavery statement
California, the UK and Australia have all enacted legislation requiring companies operating within their borders to disclose their efforts to eradicate modern slavery from their operations and supply chains. Follow the link to see this company's disclosure statement.
Source: Modern Slavery Registry (2018)
Social CDP Water Security Score of C
In 2020, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to manage and govern freshwater resources. Responding companies are scored on six key metrics: transparency; governance & strategy; measuring & monitoring; risk assessment; targets & goals; and value chain engagement. This company received a CDP Water Security Score of C.
Source: CDP (2020)
Business Ethics 'C' grade in WWF Deeper Luxury report
WWF-UK analysed and ranked the 10 largest publicly-traded luxury brand-owners on their environmental, social and governance (ESG) performance.
Source: WWF UK (2007)
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 (2014)
Business Ethics 53.1% at JUST Capital
JUST Capital polls Americans every year to identify the issues that matter most in defining just business behaviour. For their 2021 rankings the public identified 19 issues, which are organised under the headings Workers, Communities, Customers, Shareholders and Environment. 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 321th of 928 companies, and 10th of 38 Household Goods & Apparel companies.
Source: JUST Capital (2020)

> About the Icons

Company Details

Type Wholly-owned subsidiary
Revenue 1.24 billion USD (2015)
Employees 6,800 (2014)

Contact Details

Address New York, New York, USA
Email Media_Relations@katespade.com
Website www.katespadeandcompany.com

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