Speedo

OVERALL
Owned	UK
Rating

Swimwear

Founded in Australia in 1914 by a young Scot called Alexander MacRae. Acquired by Pentland in 1991. Distributed in Australia by True Alliance.

Company Ownership


Speedo International Ltd	UK	website	email	facebook	twitter
Pentland Group plc owns 100% of Speedo International Ltd	UK	website	email	facebook	twitter
Clothing Bought Speedo and eight other major sporting goods brands in the 1990's. Owned by Stephen Rubin and family.

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Company Assessment

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Speedo International Ltd

47/100 in Fashion Transparency Index

The 2023 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 47%, signifying that it is making significant efforts in the given areas, and has made some or most of this information publicly available. The average score was 26% and the highest score was 83%.
Source: Fashion Revolution (2023)

Sweatshops in China

This 2007 investigative report into a Chinese sweatshop reveals how workers are: cheated of 40% of their wages, illegally forced to work overtime, set gruelling production pace, routinely handling dangerous chemicals, and verbally abused. Their customers include Speedo, Toys 'R' Us and Carrefour. [Listed under Information due to age of report]
Source: Institute for Global Labour & Human Rights (2007)

Sweatshop Hall of Shame 2008

Pentland's Speedo was named in the International Labor Rights Forum's "Sweatshop Hall of Shame 2008", which highlights apparel and textile companies that use sweatshops in their global production. (Listed under information due to age of report)
Source: International Labor Rights Forum (2008)

Sweatshops in Indonesia, Sri Lanka and the Philippines

This 2011 report by the International Textile Garment and Leather Workers' Federation (ITGLWF) examined working conditions in 83 factories in Indonesia, Sri Lanka and the Philippines. Investigations found that widespread violations and abuses of workers' rights continue to be the norm, such as underpaying workers, long hours, forced overtime, and repression of the freedom of association. This company's brands were found to be made in one or more of the 83 factories covered in the research. [Listed under Information due to age of report]
Source: ITGLWF (2011)

Angora ban

This company has taken angora items off the shelves and promised not to use angora again, following a PETA campaign launched in Dec 2013 which revealed the cruelty inflicted on angora rabbits in Chinese factory farms, where 90% of the world's angora is produced.
Source: PETA (2018)

Materials sourcing

The Material Change Index (MCI) is a voluntary benchmark that tracks the apparel and textiles sector's progress toward more sustainable materials sourcing (cotton, polyester, nylon, manmade cellulosics, wool, down and leather), as well as alignment with global efforts like the Sustainable Development Goals and the transition to a circular economy. This company was rated "Maturing", the second highest performance band.
Source: Textile Exchange (2022)

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)

Use of nanotechnology

Speedo's LZR Racer swimsuit is made with high-tech materials, which includes the use of nanotechnology.
Source: Project on Emerging Nanotechnologies (2008)

Pentland Group plc

Ethical Trading Initiative member

The Ethical Trading Initiative (ETI) is an alliance of companies, trade unions and NGOs. They work in partnership to improve the lives of workers across the globe who make or grow consumer goods - everything from tea to T-shirts, from flowers to footballs. This company is a full member.
Source: Ethical Trading Initiative (2021)

COVID Fashion Commitments

In 2020 Baptist World Aid Australia released The COVID Fashion Report, a special edition of their Ethical Fashion Report. The report is framed around six COVID Fashion Commitments that ask companies to demonstrate the steps and measures they are taking to protect and support the most vulnerable workers in their supply chains. This company showed evidence of actions that cover ALL areas of the COVID Fashion Commitments.
Source: Baptist World Aid Australia (2020)

Transparency Pledge

The Apparel and Footwear Supply Chain Transparency Pledge (Transparency Pledge) helps demonstrate apparel and footwear companies' commitment towards greater transparency in their manufacturing supply chain. Transparency of a company's manufacturing supply chain better enables a company to collaborate with civil society in identifying, assessing, and avoiding actual or potential adverse human rights impacts. This is a critical step that strengthens a company's human rights due diligence. This company is fully aligned with the Transparency Pledge, thereby committing to regularly publish on its website a list naming all sites that manufacture its products.
Source: Transparency Pledge (2019)

15% 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 15%.
Source: Forest 500 (2022)

Efforts to pay a living wage

The Clean Clothes Campaign report, Tailored Wages 2019 analyses responses from 32 top clothing brands about their progress in implementing a living wage for the workers who produce their clothes. This company received the lowest possible grade in the report, meaning they produced no evidence that any worker making their clothes was paid a living wage anywhere in the world.
Source: Clean Clothes Campaign (2019)

7.6% in Nature Benchmark

The 2022 Nature Benchmark ranks 400 companies across eight industries on their efforts to protect our environment and its biodiversity. The companies were assessed using three measurement areas: governance and strategy; social inclusion and community impact; and ecosystems and biodiversity. This company ranked #289/400, with a total score of 7.6/100.
Source: World Benchmarking Alliance (2022)

Supply chain practices in China

The Green Supply Chain Corporate Information Transparency Index (CITI) evaluates consumer-facing companies that have a sizeable supply chain in China. The evaluation uses government supervision data and public information to assess the environmental management of their supply chains in China. This company received a score of 13.1/100 (retrieved 24 Nov 2023).
Source: IPE (2023)

2/5 on Good On You

This company owns three brands rated 'Not good enough' by Good On You, whose rating system considers the most important social and environmental issues facing the fashion industry to assess a brand's impact on people, the planet and animals.
Source: Good On You (2020)

Sweatshops in China

This 2007 investigative report by China Labour Watch reveals poor work conditions for Chinese workers making products for this company, such as workers being required to work nine hours per day as regular hours in addition to five to six hours of mandatory overtime during peak season which accumulates to 14 work hours per day, about 420 hours per month. [Listed under information due to age of report]
Source: China Labor Watch (2007)

Workers rights

Playfair 2012, a coalition of trade unions and campaigning organisations, says this company is not doing enough to: ensure all workers are paid a living wage; allow workers to bargain collectively; eliminate short term contracts; and build long-term relationships with supplier factories. [Listed under Information due to age of report]
Source: Playfair 2012 (2012)

CSR claims

This company has responsibility claims on its website in the areas of environment, ethical trade, supporting local communities, and reducing the environmental impacts of the materials and processes used to make their products.
Source: company website (2015)

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)

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 (2023)

ACT participant

This company is a participant in the Action, Collaboration, Transformation (ACT) initiative, an initiative between international brands and retailers, manufacturers, and trade unions to address the issue of living wages in the textile and garment supply chain.
Source: IndustriALL (2021)

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 (2022)

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: company website (2017)

41/100 in 2022 Ethical Fashion Report

Baptist World Aid Australia's '2022 Ethical Fashion Report' assessed 120 companies on their efforts to mitigate against the risks of forced labour, child labour and worker exploitation in their supply chains, as well as protect the environment from the harmful impacts of the fashion industry. Assessment criteria fall into five main categories: policy & governance, tracing & risk, auditing and supplier relationships, worker empowerment and environmental sustainability. This company received a score of 41/100.
Source: Baptist World Aid Australia (2022)

BHRRC company profile

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Company Details

Type	Wholly-owned subsidiary

Contact Details

Address	Nottingham, United Kingdom
Freecall	1800 746 777
Email	online@speedo.com.au
Website	www.speedo.com

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Speedo

Speedo Swimwear

Speedo

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