Overview

At Victoria’s Secret & Co., we have a long history of maintaining rigorous labor standards for our suppliers, and we believe we can continue to play an important role in empowering workers and improving working conditions across our supply chain.

We are committed to providing superior quality merchandise and services to customers. We strongly believe the quality of our merchandise begins with the treatment of the people who create our products.

VS&Co. sources all its product lines – lingerie and apparel, accessories and beauty products from more than 300 factories around the world — the vast majority of which are located in Vietnam, United States, Sri Lanka, Indonesia and China.

Our top 10 suppliers represent more than 80 percent of our production spend; we have worked with the majority of these partners for over 20 years or more. We have mapped 100 percent of our Tier 1 and Tier 2 supply chain for our lingerie and apparel products. We have also begun the work of mapping our Tier 3 suppliers. 

Tier definition:

Our definition of tiers is aligned with the Sustainable Apparel Coalition and Science Based Targets initiative, as follows:

Our Commitment

VS&Co is fully committed to ensuring our products are ethically sourced. This commitment starts with our leaders and cascades throughout our organization.

We strongly believe that the quality of our merchandise begins with the treatment of the people who make our product. We hold ourselves and each other accountable to our values in all that we do. In that spirit, we strongly believe that the quality of our merchandise begins with the treatment of the people who create our products. VS&Co only works with suppliers that share our commitment to ethical and responsible business practices. This commitment is embedded in the many measures by which we evaluate supplier partners and has been part of our comprehensive and proprietary approach to how we do business for decades.

Suppliers are selected based on their ability and commitment to meet our safety and quality standards as well as follow our strict ethical, labor and environmental standards. Through our rigorous standards for suppliers, we believe we can continue to play an important role in ensuring the right of workers, improving working conditions across our supply chain and empowering workers. 

Protecting Human Rights

VS&Co is committed to respecting human rights. Our guiding philosophy on human rights is based on the following international frameworks: 

•    Universal Declaration of Human Rights (UDHR) 
•    International Labour Organization (ILO) Declaration on Fundamental Human Rights and Principles at Work
•    UN Guiding Principles on Business and Human Rights

In addition to the frameworks above, our practices with regard to human rights draw from the Organisation for Economic Co-operation and Development (OECD) Guidelines for Multinational Enterprises and the OECD Due Diligence Guidance for Responsible Business Conduct (RBC). 

Beginning with our executive leadership and all the way through our value chain, our actions toward the respect of human rights are guided by fostering inclusion, creating equity, acting with integrity and behaving ethically. 

At VS&Co, we understand that our impact on human rights reaches beyond our own supply chain and extends to all the communities in which we operate. We proactively engage with stakeholders to strive to be a responsible corporate citizen everywhere we operate. We continuously evaluate our processes and activities to ensure that human rights are respected throughout our business operations. Transparency is a priority in our practices, understanding that respect for human rights in our products and raw materials is paramount for our customers, employees, investors, and other stakeholders. 

We take our commitment to due diligence seriously, and when we find that activities of our business partners are inconsistent with our guiding international frameworks, our standards, our Associate Code of Conduct, or our Supplier Code of Conduct, we seek corrective action. 

VS&Co is committed to identifying and addressing human rights issues to drive positive change. We will continue to be vigilant in conducting ongoing human rights due diligence and engaging with key stakeholders. 

For more in-depth information about our approach regarding human rights, see our Commitment to Respecting Human Rights.

Governance

Sourcing Risk Council

Victoria’s Secret & Co. (VS&Co) has a Sourcing Risk Council comprised of senior executives that meet quarterly. The executive leadership on Sourcing Risk Council has oversight for the following functions:

• Company Affairs
• Ethics and Compliance
• Customs Compliance
• Government Affairs
• Independent Production Services (IPS)*
• Legal
• Logistics
• Procurement
• Production and Sourcing
• Regulatory and Quality Assurance

The Council assesses current risks, including geopolitical, social compliance and associated supply risks and sets policies related to responsible sourcing. It also sets policies related to responsible sourcing, including locations from which we will source materials or produce goods as reflected in our Sourcing Country Policy.

The Sourcing Risk Council operates under the guidance and oversight of the Board of Directors’ Audit Committee. The Chair of the Sourcing Risk Council reports to the Audit Committee on a regular basis, and the Audit Committee updates the Board of Directors.