GAP's discharge of social responsibilities pay dividends
14 Jul '05
5 min read
Underscoring the company's continued focus on stakeholder engagement, the report also cites expanded collaboration efforts through multi-stakeholder initiatives and with external stakeholders and training organizations. Gap Inc. has been actively involved in the Multi-Fiber Arrangement (MFA) Forum, a multi-stakeholder effort that has developed a broad set of recommendations to help stakeholders responsibly manage the transition to a post-quota environment. The company also continued to support the work of the International Labor Organization (ILO) to improve working conditions and boost productivity in Cambodian factories.
In addition to a focus on Gap Inc's ethical sourcing practices, the report describes activities in other areas of Social Responsibility:
· Increasing donations and volunteer hours by encouraging the Gap Giving program, Community Corps and Founders' Award. As a result, employee participation in both volunteerism and financial contributions increased from 2003 to 2004.
· Responding to the South Asia Tsunami by double-matching employee contributions to designated agencies with a gift of $1.3 million from Gap Foundation.
· Managing its impact on the environment by conducting an environmental impact assessment for each stage of the apparel product lifecycle, maintaining compliance with applicable laws and regulations, encouraging non-merchandise vendors to adopt more environmentally sound practices and decreasing energy consumption in U.S. stores.
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