Gap releases 3rd & most comprehensive Social Responsibility Report
17 Aug '07
2 min read
Gap Inc released its third and most comprehensive Social Responsibility Report, highlighting the company's commitment to social responsibility.
This year's report, covering fiscal years 2005-2006, details the company's progress and goals for initiatives involving its supply chain, community investment, employees and the environment.
From 2005 to 2006, the number of approved garment factories earning the company's highest compliance ratings continued to increase.
In fact, 61 percent of Gap's contracted garment factories are currently rated "Good" or "Excellent," indicating that progress is being made to improve the working conditions at many factories in the company's supply chain.
"We're making a lot of changes at Gap Inc but, as our Social Responsibility Report demonstrates, doing business the right way is still extremely important to us," said Robert Fisher, former interim CEO and current member of Gap Inc's board of directors.
"We have an unwavering commitment to our social responsibility program; it's good for business and we know it's the right thing to do."
Gap Inc's recently appointed chairman and CEO Glenn Murphy said, "Gap Inc's commitment to doing business in a socially responsible manner is a fundamental part of who we are, especially for our employees and our customers. Reflected in this report is the hard work and passion of our employees to uphold our brand values, which truly set Gap, Old Navy and Banana Republic apart as socially conscious brands."
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