HUGO BOSS has business relationships with its strategic partners that go back ten years and more. Long-term partnerships are essential to finding answers to social and environmental challenges together.
Verification of new partners
New partners run through a standardized, multi-stage process before they are added to the HUGO BOSS supplier portfolio:
Potential suppliers must disclose general information about their business activities, how they handle social and environmental topics, and adherence to basic compliance roles and customs regulations.
In the second step, potential partners must approve contracts regarding the general purchasing and production conditions. Among other elements, this includes a self-commitment to the HUGO BOSS Social Standards and the Restricted Substances List.
For potential finished goods suppliers, HUGO BOSS carries out a social compliance audit on site. Raw materials suppliers must provide a self-disclosure for social compliance. In addition, the financial stability of the supplier is reviewed and the respective country risk is assessed.
Collaboration with existing partners
HUGO BOSS works together closely with its suppliers after they are added to the portfolio. HUGO BOSS holds training courses on social standards and chemicals management for all suppliers, to help them implement the high standards. Should a social audit reveal that a partner is not maintaining the agreed standards, HUGO BOSS and the supplier will develop a corrective action plan, which contains measures to correct the deficiencies. For more information, see our supplier fact sheet.
HUGO BOSS also places value in ongoing dialog, for example, through events such as the Supplier Days, which HUGO BOSS holds in a variety of locations each year. The aim of the Supplier Days is to notify partners about important targets and measures at HUGO BOSS, promote common developments in the supply chain, and strengthen the partnership through interaction. In addition, external speakers share their expertise on relevant current topics, such as digitalization, to inspire the participants to evolve. Insights from this dialog are incorporated directly into the sustainability strategy. At the Supplier Day 2017, for example, the minimum requirements for a governance model were defined in a joint workshop. It presents a framework for defining the suppliers’ responsibilities for sustainability aspects in their supply chains and represents the foundation for increased transparency. All strategic suppliers of HUGO BOSS must implement a like governance model for their supply chains by 2020.