SHEIN's London Listing Criticized by Amnesty International Over Labour and Environmental Concerns
Global fast-fashion giant SHEIN faces severe criticism from human rights groups ahead of its potential listing on the London Stock Exchange. Amnesty International has raised concerns over the company's labour practices and environmental impact.
SHEIN, known for its ultra-fast fashion, has reportedly filed documents for a flotation on the LSE. However, Amnesty International warns that allowing this would be a 'badge of shame' for the exchange, bankers, and investors. The organisation criticises SHEIN's lack of transparency in its supply chain, making it difficult to verify working conditions and wages.
SHEIN is accused of using cotton picked by forced labour and paying workers as little as 4 US cents per garment. Its business model involves subcontracting to smaller producers in China, with little oversight or accountability for worker pay or conditions. Muller, from Amnesty International, finds it troubling that SHEIN could reap hundreds of millions of pounds from the listing without addressing these issues.
SHEIN's garments, often made from fossil fuel-derived synthetic fibres, also contribute to environmental degradation and pollution in the Global South. Amnesty International urges stringent safeguards and accountability measures before SHEIN's listing proceeds. Despite these concerns, SHEIN's potential flotation on the LSE remains under consideration.
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