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“Strengthening incentives for compliance through certification and other tools- pros and cons"?

“Strengthening incentives for compliance through certification and other tools- pros and cons"? . A presentation by Sanal Kumar, Chairman & MD Classic Fashion Apparel Industry Ltd Co. About Classic Fashion .

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“Strengthening incentives for compliance through certification and other tools- pros and cons"?

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  1. “Strengthening incentives for compliance through certification and other tools- pros and cons"? A presentation by Sanal Kumar, Chairman & MD Classic Fashion Apparel Industry Ltd Co

  2. About Classic Fashion .. • Since 2003, we have strived to be an Innovative, Responsible & World Class Apparel manufacturer • Today we are a multi-National Team of 9500 and growing… • CFAI is proud to be on the Ministry’s “Golden-List” & also be an active participant in the BWJ program • We are committed to give back to the society that we live and work in

  3. Apparels - the paradigm shift…. More Stakeholders More Expectations

  4. “Compliance” – simplified • Meeting the minimum requirements pertaining to working conditions at the workplace – using local Laws & Client’s Codes of Conduct as guidelines

  5. Industry reaction to Compliance…

  6. The Terrain - • Global Fashion industry valued at USD 03 trillion • ~ 92,13,000 people directly employed in fashion industry globally * Commonly found certifications

  7. Comparison between Rule based & Incentive based regulation

  8. Key initiatives that could facilitate further incentivisation Organizations like JGATE could support the implementation of any new initiatives

  9. In conclusion…..

  10. Moving from “Push” to “Pull” Needless to say the onus of being a responsible business is now with the Manufacturer / the Manufacturing Community

  11. .. it is all about People Planet Principles + Profit

  12. Thank You

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