ENVIRONMENT, SOCIAL & GOVERNANCE


GOVERNANCE AT THE CHILDREN’S PLACE

Under the guidance of our Board of Directors, The Children’s Place implements and maintains governance practices and policies that align with market best practices. For more details, please see our latest proxy statement.

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PRACTICES

We have implemented governance practices with respect to our Board of Directors, our management and our shareholders that align with market best practices.

Learn more about our governance practices

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To support our commitment to responsible sourcing, we have developed a Vendor Code of Conduct. The Vendor Code of Conduct promotes compliance by our global vendors with applicable laws and supports the principles stated in international standards, such as the International Labor Organization (ILO) core conventions, the UN Guiding Principles on Business and Human Rights and the Organization for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises. In line with the 2012 California Transparency in Supply Chains Act, our Vendor Code of Conduct specifically prohibits slavery, human trafficking, forced and involuntary labor. We remain committed to increasing transparency in our supply chain to help prevent human trafficking and forced labor.

Learn more about our commitment.

The Children's Place administers a factory audit program to evaluate and monitor factory working conditions against our Vendor Code of Conduct. We require audits by our Responsible Sourcing team (or a third party provider) for all new suppliers producing and/or processing our merchandise as part of the production approval process. We re-audit existing suppliers to verify compliance to our standards and identify areas for improvement. While we recognize that no audit program can guarantee that every factory used by every vendor for The Children's Place is in full compliance with our Vendor Code of Conduct, we continually strive to enhance our audit program. Our Responsible Sourcing team offers guidance and training to vendors and factories to resolve issues identified during audits. We engage with industry experts, such as Better Work, to enhance our processes through consulting services that build strong management systems and worker-management relations. We also include Responsible Sourcing as one of five categories measured in our Vendor Performance Scorecard alongside traditional manufacturing metrics to encourage continuous improvement.

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POLICIES

Our governance policies guide our Board of Directors, our management and our employees to uphold the highest ethical standards in conducting business on behalf of The Children’s Place.

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The Children’s Place sponsors factory workplace programs focused on health, nutrition, positive gender relations and parent-child separation. We partner with non-profit organizations that have expertise of running factory education programs in the countries we operate in. Through this approach, The Children’s Place strives to create impact through a partnership with leading organizations whose goal it is to drive positive change in the garment industry.

The Children’s Place promotes programs such as BSR’s HERproject, CARE’s Healthy Food, Healthy Workplace program and The Center For Child Rights & Corporate Social Responsibility’s (CCR CSR) Parent’s At Work program. Learn more about these organizations.

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BOARD OF DIRECTORS

Our Board of Directors oversees the business, assets, affairs and performance of our Company.

Learn more about our Board of Directors and its standing committees

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To support our commitment to environmental sustainability, we have developed a Vendor Environmental Policy. The policy outlines our expectation that vendors commit to the reduction of environmental impacts from their manufacturing processes. The Vendor Environmental Policy focuses on environmental issues that are more material to our business based on the Sustainability Accounting Standards Board’s (SASB) guidelines for apparel and footwear. These include managing risks related to chemicals, wastewater discharge and raw material sourcing. Supporting more responsible chemical management and wastewater practices benefits both the environment in the regions we source from and the people and businesses who make our product. Because cotton is the primary raw material used in our product, promoting the use of responsibility-sourced cotton can alleviate issues in its cultivation through better management of water, pesticide use and workplace standards for farmers. To achieve our goals, The Children’s Place may require manufacturers to undergo third party environmental assessments to verify they meet local laws and regulations.

The Children’s Place has joined collaborations such as the Sustainable Apparel Coalition (SAC), The Afirm Group and the Better Cotton Initiative (BCI) to partner with like-minded organizations that strive to improve the environmental impact of the industry. Learn more about these organizations and their programs below.