Why transparency matters

The benefits of transparency

Transparency propels companies to act upon environmental and human rights concerns. It is the proof of practice that can transform statements of intent into action by enabling those affected to check performance against policy and raise discrepancies for action.

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Benefits of transparency

Why transparency matters

The benefits of transparency

Transparency is the public disclosure of data and policy that enables companies to be held to account. Such visibility can lead to improvements in the following four areas: environment, human rights, legal compliance and brand equity.

Environment
Human rights

Environment

Human rights

Legal compliance
Brand equity

Legal compliance

Brand equity

Environment

Environment

 

By making environmental impacts throughout a supply chain visible, buyers and suppliers are incentivised to improve environmental performance.

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Human rights

Human rights

 

Greater transparency about labour conditions and wages can motivate buyers and suppliers to improve working conditions.

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Legal compliance

Legal compliance

 

Some legal requirements on transparency are already in force, but more are expected in the future.

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Brand equity

Brand equity

 

Disclosing information creates trust and positions a brand as being reliable and responsible.

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