Shein, the Chinese fast-fashion giant, has announced doubling of its current investment to ‘help upgrade hundreds of factories in its supply chain’. The retail giant will be now investing US $ 15 million.
It is being said that the company was forced to take this step after it emerged The Rolling Stones wanted to exit a licensing deal with the retailer after being alerted of allegations of poor working conditions in its supply chain following a UK TV exposé.
The e-retailer also released details of the independent investigation launched in the wake of the allegations about working practices at two garment factories.
This investment is a three-to-four-year project that focuses on making physical enhancements to its suppliers’ factories and is part of Shein’s Supplier Community Empowerment Programme (SCEP). More than 30 projects will be completed by the end of this year, 100 by the end of 2023 and up to 300 within four years.
The company also claimed that it is building on its Responsible Sourcing (SRS) programme, “which is designed to ensure that employees working for its suppliers are treated fairly and with respect in safe and comfortable working environments.”
