Steven Madden, Ltd..
SHOO.US | Manufacture of footwear
Steven Madden, Ltd. designs, sources, and markets fashion-forward footwear, accessories, and apparel for women, men, and children. The company operates through various segments, including wholesale, retail, and licensing. The wholesale segment sells its products to department stores, chain stores, m...Show More
Better Health for All
0
Insufficient evidence to determine a value score for Steven Madden, Ltd. regarding Better Health for All. No articles or relevant information found. A neutral score of 0 is assigned.
Materiality Analysis: Company Summary (75-100 words): Steven Madden, Ltd. (SHOO.US) is a fashion footwear, accessories, and apparel company. It operates through wholesale and direct-to-consumer channels, offering products under brands like Steve Madden, Dolce Vita, and Betsey Johnson. Revenue is generated from footwear, handbags, apparel, and licensing agreements. The company's supply chain involves sourcing and manufacturing, primarily in Asia. Recent strategic changes have focused on expanding its direct-to-consumer business and brand portfolio. The company markets its products through various channels, including retail stores, e-commerce, and social media.
Peer Comparison (50-75 words): Compared to peers in the fashion and apparel industry, Steven Madden's direct impact on "Better Health for All" is generally lower. While some apparel companies may focus on sustainable materials or ethical labor practices that indirectly affect health, Steven Madden's core business model does not inherently address healthcare access or public health outcomes.
Materiality Assessment (1-2 clear sentences): Steven Madden's business model is fundamentally neutral in relation to the value "Better Health for All," with a low level of materiality. The company's core operations do not directly contribute to or detract from healthcare access or public health outcomes.
Detailed Rationale (150-200 words): Steven Madden's primary activities revolve around designing, sourcing, and selling fashion footwear, accessories, and apparel. These products do not have a direct impact on healthcare access, disease prevention, or public health infrastructure. While the company's supply chain could potentially affect worker health and safety, this is more directly related to the "Fair Pay & Worker Respect" value. Indirectly, the company's products could have a minor impact on mental health through self-expression and fashion trends, but this is not a primary consideration for this value. The company does not appear to have any significant initiatives related to healthcare, disease prevention, or health equity. Therefore, the company's business model is largely disconnected from the core tenets of "Better Health for All."
Value Interaction Notes (if applicable, 25-50 words): Scoring on "Better Health for All" should not significantly conflict with other values. However, improvements in supply chain practices related to worker health could positively influence both "Fair Pay & Worker Respect" and indirectly, "Better Health for All."
Scoring Boundary Flags (if applicable, 25-50 words): Scores above 3 would be illogical, given the company's fundamental business model. A score of 5 would require substantial and verifiable evidence of significant contributions to healthcare access or public health outcomes, which is highly unlikely.
Fair Money & Economic Opportunity
0
Steven Madden, Ltd. is a footwear, accessories, and apparel company, not a financial institution.
1
The ethical value 'Fair Money & Economic Opportunity' primarily assesses financial institutions on their lending, deposit, and financial service practices. As the company does not offer consumer lending or deposit services, nor does it engage in financial literacy initiatives or manage customer financial data, all KPIs related to these activities are not applicable based on the rubric's definitions and the company's core business model.
2
Evidence regarding product pricing refers to retail prices for footwear, not APRs or fees for financial products.
3
Information about credit extension pertains to trade credit for retail stores, not consumer lending.
4
Therefore, no specific, concrete data points were found in the provided articles that directly map to the quantitative thresholds or definitions of the KPIs within this rubric.
Fair Pay & Worker Respect
0
In the 2024 fiscal year, the CEO-to-median employee pay ratio was 274:1, with the CEO earning $9,078,571 and the median employee earning $33,100.
1
The company's employee engagement score reached 75% in 2022, an increase of 2% from 2021.
2
Steven Madden provides a comprehensive benefits package to its employees, which includes medical, dental, and vision insurance.
3
Fair Trade & Ethical Sourcing
-40
Steve Madden conducts audits for high-risk vendors weekly, medium-risk vendors monthly, and low-risk vendors quarterly, with a general annual audit frequency.
1
The company has a zero-tolerance policy for child labor, forced labor, slavery, or human trafficking, and states that such violations result in immediate factory suspension or deactivation.
2
There are no reported substantiated forced or child labor incidents in the last three years. For remediation, violations of child labor, forced labor, slavery, or human trafficking standards lead to immediate factory suspension or deactivation, and suppliers are expected to undertake necessary improvements within six months for other issues.
3
All suppliers and factories are required to certify receipt, understanding, and acceptance of the Supplier Code of Conduct or Vendor Compliance Manual.
4
The company is mapping its tier-one supply chain factories and requires suppliers to disclose production factories, with a Supply Chain Visibility Project focusing on Tier-1 strategic suppliers and factories in China, accounting for 80% of purchases.
5
Countries with potential risk of slavery, human trafficking, forced labor, and/or child labor in the supply chain include Bangladesh, Brazil, Cambodia, China, India, Mexico, and Vietnam.
6
Honest & Fair Business
0
No specific, quantifiable evidence was found in the provided articles to score any of the KPIs for Honest & Fair Business. While an ESG Controversy Level of 'Low (1.1)' was mentioned,
1
the rubric's scoring tiers for this KPI are based on percentile ranks (e.g., 'Top-30% score') or qualitative descriptions, not on the raw controversy score itself. Therefore, a direct mapping to a score tier is not possible with the given information. Similarly, the ESG Risk Rating and Industry Rank are general metrics and do not directly map to any specific KPI in this rubric.
2
Kind to Animals
-20
Steven Madden, Ltd. collaborated with Slutty Vegan to create a collection of vegan sneakers and handbags.
1
This partnership involved a donation of $1 from sales of these products to support PETA’s animal-rights advocacy.
2
The company adopted a Responsible Sourcing Policy for Animal-Derived Materials on November 28, 2022.
3
This policy prohibits materials from wild animals, illegally deforested areas, live/newborn/aborted/companion animals, endangered species, real fur, hair from caged animals, mohair, live-plucked down/feathers, exotic birds, and mulesing.
4
It permits leather and hair attached to skin (cow or sheep) as co-products of food production, and down/feathers from post-slaughter or natural shedding (excluding foie-gras).
5
The policy states a preference for animal-derived materials from farms certified under Responsible Down Standard (RDS), Traceable Down Standard (TDS), Responsible Wool Standard (RWS), or those adopting regenerative agriculture.
6
Suppliers are required to provide documentation of good animal welfare and compliance.
7
No War, No Weapons
10
The company states it aligns with the UN Guiding Principles on Business and Human Rights.
1
Its ethical red lines strictly prohibit human trafficking, slavery, and forced labor.
2
For calendar year 2020, the company concluded it had no reason to believe any conflict minerals originated in covered countries or were not from recycled/scrap sources, and believes its products are “DRC Conflict Free.”
3
The company's Responsible Sourcing Policy, adopted November 28, 2022, requires suppliers to trace animal-derived materials to the source and provide proof of compliance with CITES, ESA, and IUCN Red List standards.
4
The company has no defense business to oversee, and it reports zero procurement from active conflict zones.
Planet-Friendly Business
-50
Steve Madden's Science-Based Targets (SBTs) were validated by the SBTi in June 2023, aligning with the 2015 Paris Agreement.
1
The company committed to reduce absolute Scope 1 and 2 emissions by 50% and Scope 3 Purchased Goods and Services emissions by 30% by 2030.
2
In 2023, 203 Tier-1 and Tier-2 facilities completed environmental self-assessments, with 39% verified by a third party.
3
The company has a no-deforestation policy, prohibiting wood-based materials from ancient or endangered forests and leather from illegally deforested areas, and requires FSC certification for wood-based materials from high-risk regions.
4
Steve Madden's shoe boxes are made with at least 85% recycled content, and 100% recycled LDPE is used in polybags for footwear brands, with Europe e-commerce polybags using 80% recycled LDPE.
5
The company conducted a thorough climate risk analysis.
6
Steve Madden requires suppliers to provide data to measure GHG emissions and implement reduction measures, but no percentage of suppliers disclosing emissions is provided.
7
Steve Madden brand shoe boxes use 90% post-consumer waste to 10% virgin pulp.
8
Respect for Cultures & Communities
0
Steve Madden requires employment contracts and Material Safety Data Sheets (MSDS) to be available in the local language.
1
The company also offers over 1,600 footwear styles in inclusive sizes, including women’s sizes 13-15 and wide calf boots.
2
Safe & Smart Tech
0
No evidence available to assess Steven Madden, Ltd. on Safe & Smart Tech.
Zero Waste & Sustainable Products
-40
Steven Madden's packaging demonstrates strong sustainability efforts. As of 2020, Steve Madden brand shoe boxes are 100% recyclable and made of 90% post-consumer waste.
1
In 2024, all branded shoe boxes use at least 85% recycled content, and polybags use 100% recycled LDPE.
2
For recycled content in products, 13% of the Steve Madden Women's collection in 2023 consisted of styles certified under the Global Recycled Standard (GRS), which requires at least 50% recycled material.
3
The company launched post-consumer take-back efforts and a product recycling program with Trashie in 2024, where customers can purchase a $20 'take back bag' and receive a $25 credit.
4
While Trashie claims up to 95% of collected items are kept out of landfills, the coverage of this program across all products is not specified.
5
The company joined The Footwear Collective in 2024 to scale circular solutions for the footwear industry, indicating some awareness of circular design but no specific integration metrics.
6
Waste reduction initiatives include using soy-based inks and transitioning to recycled LDPE polybags.
7
A comprehensive waste audit is currently underway across U.S. operations, and the company plans to develop a strategic plan with measurable goals.
8
A 2025 target aims for 100% of packaging to be made with recycled and renewable materials.
9
The company has sustainability requirements for 86% of packaging material categories for suppliers and supports 100 factories in its Waste Management Program.
10
In 2023, 203 Tier-1 and Tier-2 facilities completed environmental self-assessments, with 39% verified by a third party.
11
Customer education is provided through the take-back program, offering an incentive for returns.