Society's Standard

Money vs. Ethics. Where do you stand?

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Forever 21 Articles: Good vs. Evil

Negative Issues:

Designer Sues, ‘Evil’ Twin Von Furious at ‘Copycat’  

Turf war over garden lot 

Times Square Billboard Touches Off Controversy Over Artistic Credit-Sharing

Forever 21 Class Action Lawsuit Filed By Employees 

Forever 21 Under Investigation For Using ‘Sweatshop-Like’ Factories in Los Angeles  

Interesting Issues:

17 Big Companies That Are Intensely Religious 

Positive Issues:

The Samburu Project 

American Forests 

Big Brothers, Big Sisters 

Starlight Children’s Foundation  

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H&M Articles: Both Sides of the Coin

The Negative Issues:

Activists Urge H&M to Quit Uzbek Cotton

H&M: Must raise garment worker pay 

H&M’s ‘corpse-like’ model stirs up controversy 

A Clothing Clearance Where More Than Just the Prices Have been Slashed 

Cambodian workers hold ‘people’s tribunal’ to look at factory conditions 

H&M in hot water over swimsuit ad campaign featuring overly-tanned model 

The Positive Issues:

H&M first fashion company to launch global clothes collecting initiative 

Intensified efforts for a better Bangladesh 

A sustainable message from Karl-Johan Persson, CEO 

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Health hazard: HIGH concerns: 80% percent of those were cancerous and 20% cause some type of birth delays and defects to our system

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For next time you're using your Lancome moisturizer.

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It is the biggest beauty company in the world and owns numerous ethical brands including The Body Shop and Pureology, but do its own ethics stand up to close scrutiny? Peter Salisbury reports.

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Woops, L'Oreal.

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Read about L'Oreal's Human Rights.  These sheets deal with the abolition of child labor and forced labor, health, hygiene, security, diversity, moral and sexual harassment.

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L'Oreal is one of the most ethical companies for 2010 chose by the Ethisphere Institute. It sets out its values and commitments in its Code of Business Ethics. 

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Ceteris Paribus

"Latin phrase that translates approximately to "holding other things constant" and is usually rendered in English as "all other things being equal". In economics and finance, the term is used as a shorthand for indicating the effect of one economic variable on another, holding constant all other variables that may affect the second variable."

http://www.investopedia.com/video/play/ceteris-paribus/

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"...The Child labour Index 2012 evaluated the frequency and severity of reported child labour incidents in 197 countries. Maplecroft attributes the increase in global child labour to the economic downturn and the worsening global human security situation that has increased the number of internally displaced children and refugees who are most vulnerable to economic and labour exploitation. Understandably, the countries topping the Index as worst performers are conflict torn and authoritarian states – Myanmar (1), North Korea (2), Somalia (3), Sudan (4), DR Congo (5), Zimbabwe (6), Afghanistan (7), Burundi (8), Pakistan (9) and Ethiopia (10). Challenging economic conditions in many countries due to the financial crisis continuing from 2008, and the consequent reduced donor money for education, etc. have also contributed to more children trapped in work to support their families..."

"...The Child Labour Index 2012 also ranks large and emerging economies as being extremely risky. Philippines, Viet Nam, Indonesia, Mexico and BRIC countries, i.e., Brazil, Russia, India and China pose extreme child labour risks to supply chains of companies. As per Maplecroft, the risks that these economies pose to companies are distinct as they form critical links within the multinational supply chains. These economies provide a source for a range of materials/goods that companies use in the supply chains of their products, many of which are tainted with child labour violations. Gold and rubber from Philippines, footwear and oil from Indonesia, coffee and tobacco from Mexico, sugarcane from Brazil and cotton, embroidered textiles, gems from India – these are just some examples from the long list of goods produced in these countries using child labour."

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Cost measures the fees levied on a 20-foot container in U.S. dollars. All the fees associated with completing the procedures to export or import the goods are included. These include costs for documents, administrative fees for customs clearance and technical control, customs broker fees, terminal handling charges and inland transport. The cost measure does not include tariffs or trade taxes. Only official costs are recorded. Several assumptions are made for the business surveyed: Has 60 or more employees; Is located in the country's most populous city; Is a private, limited liability company. It does not operate within an export processing zone or an industrial estate with special export or import privileges; Is domestically owned with no foreign ownership; Exports more than 10% of its sales. Assumptions about the traded goods: The traded product travels in a dry-cargo, 20-foot, full container load. The product: Is not hazardous nor does it include military items; Does not require refrigeration or any other special environment; Does not require any special phytosanitary or environmental safety standards other than accepted international standards.

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Bangladesh's ready-made garments make up 80% of the country's $24 billion in annual exports, and the country has about 4,500 garment factories that make clothes for large global stores including Gap (GPS, Fortune 500), H&M (HNNMY), Wal-Mart, J.C. Penney (JCP, Fortune 500), Tesco (TESO), Carrefour (CRERF) and Sears. The country is on track to surpass China within the next eight years as the largest apparel manufacturer in the world, Kernaghan said, because the cost of labor is so cheap.