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Canada Goose Holdings Inc. Commits to Eradicating Modern Slavery in Supply Chain

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Cashu
1 day ago
Cashu TLDR
  • Canada Goose is committed to eradicating forced and child labour in its supply chain, as stated in its FY25 report.
  • The company conducts social performance audits and provides compliance training to ensure ethical practices among its workforce and suppliers.
  • Canada Goose partners with organizations to enhance transparency and accountability, positioning itself as a leader in ethical sourcing.
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GOOS.TO
Canada Goose Holdings Inc
-1.07%

Canada Goose Takes a Stand Against Modern Slavery in Supply Chain

In its recent Modern Slavery Act Report for Fiscal Year 2025, Canada Goose Holdings Inc. reinforces its commitment to eradicating forced and child labour from its supply chain. The report, published on June 24, 2025, underlines the luxury outerwear brand's dedication to human rights and presents a comprehensive framework designed to ensure that modern slavery has no place in any aspect of its operations. Canada Goose, headquartered in Toronto, operates with a workforce of 4,429 individuals as of March 31, 2025, and prominently features a manufacturing distribution where 75% of its products are made in Canada.

The company implements a series of proactive measures to mitigate risks related to forced and child labour. Annual compliance training for employees is a cornerstone of its strategy, ensuring that all personnel are well-informed about the company's policies and the importance of ethical practices. Alongside this training, Canada Goose conducts social performance audits of its suppliers to ensure compliance with human rights standards. The company also engages in regular verification of supplier lists against external databases, enhancing transparency and accountability across its supply chain. By actively collaborating with unions and establishing feedback mechanisms through supplier business reviews, Canada Goose promotes a culture of open dialogue and continuous improvement.

Canada Goose’s partnerships with organizations such as the American Apparel and Footwear Association and the United Nations Global Compact further solidify its commitment to responsible supply chain management. In FY25, the company actively involved Tier 1 suppliers and selected Tier 2 and 3 suppliers in its Social Performance Program, focusing on continuous monitoring and improvement regarding social compliance. Founded in 1957, Canada Goose’s long-standing dedication to ethical practices is evident in its operations, as it strives to ensure that its suppliers adhere to the same high standards of human rights and employment laws that the company upholds.

In summary, Canada Goose Holdings Inc. positions itself as a leader in the luxury outerwear market by prioritizing ethical sourcing and human rights within its supply chain. The company's comprehensive approach to combating modern slavery not only reflects its values but also enhances its brand reputation in an increasingly conscientious market. As consumer awareness of ethical production rises, Canada Goose's initiatives may serve as a benchmark for others in the industry, demonstrating that luxury and responsibility can coexist.

The report's findings and commitments underscore Canada Goose’s proactive stance in an industry often scrutinized for labor practices. As the company continues to evolve, its dedication to mitigating risks associated with modern slavery will play a pivotal role in shaping its future operations and market position. Through these efforts, Canada Goose not only seeks to protect vulnerable populations but also aims to set a standard for corporate responsibility within the luxury sector.

The content provided here is for informational purposes only and should not be considered financial or investment advice. Investing in stocks carries risks, including potential loss of principal. Always do your own research and consult with a licensed financial advisor before making any investment decisions. We are not responsible for any losses or damages resulting from your use of this information.

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