Hanesbrands (NYSE: HBI) is a socially responsible leading marketer and manufacturer of everyday basic inner-wear and active-wear apparel.
HBI is recognized for its commitments to science-based environmental targets and addressing the use of plastics and sustainable raw materials in its products and packaging.
The company is further recognized for its leadership in corporate social responsibility with its goal to improve the lives of 10 million people around the world.
In 2020, Hanesbrands launched hbisustains.com to provide transparency for stakeholders and address diversity and inclusion in its value chain.
Investor’s Business Daily recognized Hanesbrands in its Top 50 Best ESG companies because of its ESG leadership and transparency.
HOW HANESBRANDS DRIVES PERFORMANCE
Hanesbrands relies on ICIX (now Riskonnect), a software platform for value chain governance, to help meet its commitments to environmental and social stewardship and drive operational performance.
The ICIX platform handles data collection and analysis to boost operational transparency and increase control throughout the business value chain from a material’s source to the end consumer or from ‘source-to-shopper.’
The ICIX platform automates compliance operations and manages data to align with and realize HBI’s environmental and social stewardship targets.
Automated Compliance Management
The ICIX platform automatically scans HBI’s purchase orders (PO) to ensure each supply partner is compliant with corporate and regulatory requirements and all the needed documentation is current.
If there is any missing information the ICIX platform requests information directly from the suppliers.
Using ICIX, Hanesbrands has been able to standardize global compliance and reduce the manual effort needed for administration by more than 90%.
“ICIX gives us visibility and insight into what’s happening in our supply chain and shows us who is compliant,” says Stephanie Lingle, Product Safety & Global Vendor Programs at Hanesbrands.
Integrated Performance Analysis
Hanesbrands uses business analytics in the ICIX to evaluate the performance of all its supply chain partners. Hanesbrands’ sourcing and finance teams use the insights to make purchasing decisions and optimize spend allocation which has resulted in significant savings.
To derive detailed insights about performance ICIX aggregates data from multiple Hanesbrands’ internal systems to help identify the relationships between partners, products, and materials which can be a challenge for any business that has grown by acquiring other brands.
Real-time ESG Management
Hanesbrands manages its corporate social responsibility (CSR) programs using ICIX. The CSR programs require site auditing for anti-corruption compliance.
ICIX connects the on-site audit providers and Hanesbrands in real time to share information from a mobile device at the factory for secure, up-to-the-moment visibility.
Information collected from Hanesbrands’ supply chain is enhanced within ICIX with third-party risk and politically exposed persons data to ensure anti-corruption compliance.
“ICIX is proud to support Hanesbrands. It’s an honor to be considered one of their strategic partners and be associated with their mission and success as a leading socially responsible marketer of casual apparel,” says Keith Fortson, Chief Customer Officer at ICIX. “We are excited about what they have accomplished and look forward to building on the foundation they have established as a high performing business recognized for ESG leadership.”
About HANESBRANDS Inc.
HanesBrands is a socially responsible leading marketer of everyday basic apparel under some of the world’s strongest apparel brands in the Americas, Europe, Australia and Asia-Pacific, including: Hanes, Champion, Bonds, DIM, Maidenform, Bali, Playtex, Lovable, Bras NThings, Nur Die/Nur Der, Alternative, L’eggs, JMS/Just My Size, Wonderbra, Berlei, and Gear for Sports.
More information about the company and its award-winning corporate social responsibility initiatives, including environmental, social compliance and community improvement achievements, may be found on the Hanes corporate website at www.Hanes.com/corporate.
ICIX Value Chain Governance solutions enable businesses to automate collaboration and control for enhance visibility and risk protection for stakeholders across the business’s value chain.
ICIX empowers business leaders to manage, monitor and verify business performance to achieve financial, operational, environmental stewardship, diversity and social governance goals and objectives. CONTACT: email@example.com