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Baumann-Pauly, Dorothée; Jastram, Sarah Margaretha --- "Assessing human rights issues in the fashion industry: challenges for investors" [2018] ELECD 1221; in Radi, Yannick (ed), "Research Handbook on Human Rights and Investment" (Edward Elgar Publishing, 2018) 452

Book Title: Research Handbook on Human Rights and Investment

Editor(s): Radi, Yannick

Publisher: Edward Elgar Publishing

ISBN: 9781782549116

Section: Chapter 13

Section Title: Assessing human rights issues in the fashion industry: challenges for investors

Author(s): Baumann-Pauly, Dorothée; Jastram, Sarah Margaretha

Number of pages: 16

Abstract/Description:

In this chapter, we discuss the challenges and opportunities of human-rights-based impact investment in the fashion industry. We first outline the structure of the fashion supply chain and describe typical human rights issues at different stages of the production process. Next, we critically discuss selected current approaches to human rights benchmarking and ranking. We argue that the focus of current assessment frameworks on process-based indicators is insufficient for a proper risk assessment. Furthermore, we define core characteristics of better methods, indicators and metrics for the assessment of the human rights performance of companies, which would enable investors to reward true human rights leaders in the fashion industry. This chapter is relevant to scholars in the field of business and human rights as well as to impact investors, agenda-setters and political actors.