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Foschini Group

OVERALL

Owned
ZAF
Rating
Criticism, some praise

Clothing retail

Founded in South Africa over 90 years ago, today Foschini operates 22 retail brands in over 3000 locations. Made its first major Australian acquisition in 2017, buying Retail Apparel Group for $302 million.

The Foschini Group Ltd   ZAF     website   email   facebook   

> About the Ratings

Company Assessment

PRAISE CRITICISM INFORMATION
The Foschini Group Ltd
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 18/100 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 18%, 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 25/100 S&P Global ESG Score
This company received an S&P Global ESG Score of 25/100 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 Corporate Social Investment claims
Follow the link to see details of this company's Corporate Social Investment initiative.
Source: company website (2017)
Business Ethics Better Cotton Initiative member
This company is a member of the Better Cotton Initiative, a voluntary program which encourages the adoption of better management practices in cotton cultivation to achieve measurable reductions in key environmental impacts, while improving social and economic benefits for cotton farmers, small and large, worldwide.
Source: Better Cotton Initiative (2022)
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)
Social CDP Water Security Score of C
In 2022, 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 (2022)

> About the Icons

Company Details

Revenue 2 billion USD (2017)
Employees 22,000 (2017)
Subsidiaries Retail Apparel Group Pty Ltd (80% owned) 

Menswear retailer

Malaysian private equity firm Navis Capital bought 80% of this company from Champ Ventures in 2011, with founder Steven Leibowitz owning most of the remainder. Navis sold the company to South Africa's Foschini Group in 2017. Operates about 380 stores.

Contact Details

Address Cape Town, South Africa
Email customerservices@tfg.co.za
Website www.tfg.co.za

Products / Brands

Retail Apparel Group (80% owned)
Connor Menswear (casual)
Johnny Bigg Menswear (casual)
Rockwear Activewear
Tarocash Menswear (casual)
yd. Menswear (casual)


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