Performance & Evaluation

 We know it is our responsibility to ensure that our partners are in compliance with our standards. In order to do this, we have implemented a strategic internal audit process and are committed to providing our suppliers opportunities for learning and development. To identify and evaluate the potential risks of human trafficking, slavery or violations of other local labor standards that may be unique to L Brands and its business, we conduct our own ongoing internal verification of our product supply chain. The resulting information has helped to ensure that we are in compliance with our own standards.

Supplier and Associate Education (...more)
As L Brands continues to foster strategic relationships with suppliers, it maintains its commitment to supplier and associate education. For associates, suppliers and factory management, the company hosts annual awareness and training sessions on all compliance standards in multiple countries around the world and uses one-on-one training in conjunction with compliance reviews and corrective action plans. Also, L Brands' auditors, accountants and attorneys assure that L Brands' associates fully understand and comply with our sourcing policies and procedures. L Brands maintains policies and procedures which govern the consequences of non-compliance by associates or suppliers with L Brands' sourcing and labor standards. While we recognize that local customs and values profoundly influence individual judgments in many areas covered by these standards, we support the work of international agencies and organizations that seek to implement internationally recognized standards for labor practices.
Supplier Qualification and Audit (...more)
Our list of qualified suppliers and factories is established and maintained in reliance on specific qualification standards and protocols developed by IPS, a function within our company that implements L Brands' standards and compliance protocols. First, the company's sourcing process includes a supplier verification and risk assessment procedure to prevent involvement with high-risk suppliers. Once a supplier has passed the risk assessment, the relationship between L Brands and a qualified supplier begins with a written master sourcing agreement wherein the supplier certifies that the factories that it contracts with and its own direct suppliers will strictly adhere to L Brands Sourcing and Labor Standards, including those pertaining to slavery and human trafficking. Each supplier must agree to allow L Brands, or an independent third party hired by L Brands, to conduct an audit of the supplier's business without prior notice. Depending on the circumstances, IPS or a third party conducts announced or unannounced audits of each of our approved factories at least annually to ensure compliance. The company may conduct more frequent reviews of suppliers located in countries designated as high risk by the U.S. State Department's Trafficking In Persons Report. Exemptions from annual audits may be granted to highly compliant factories based on the previous year's audit results.
Multi-stakeholder Initiatives (...more)
We participate in a number of multi-stakeholder initiatives (for example, the Business Council for Global Development). Such organizations work to enhance the rule of law and labor standards, support international institutions and advocate for policies that benefit many of the communities in which our products are produced.


Open: 64.04 High: 64.24 Last: 63.85 Change: +0.10 Volume: 910408 (20 min delay)