Vince Holding Corp..
VNCE.US | Retail sale of clothing, footwear and leather articles in specialized stores
Vince Holding Corp. is a global contemporary group, consisting of three brands: Vince, Rebecca Taylor and Parker. Vince is a leading global luxury apparel and accessories brand best known for creating elevated yet understated pieces. Vince offers a wide range of women’s and men’s apparel, footwear, ...Show More
Better Health for All
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Vince Holding Corp.'s core products, luxury apparel and accessories, have no significant positive or negative health impact, resulting in no revenue from products with direct health impacts. The company ensures product safety by requiring products to comply with the American Apparel and Footwear Association Restricted Substances List (RSL), which prevents negative health externalities from chemical use.
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Vince's business model does not involve health-related products, services, or research, rendering many health-focused KPIs not applicable. While the company implements measures for workplace safety and employee well-being, such as requiring safe working environments, reasonable work hours (not exceeding 60 hours per week), fair compensation, and prohibiting harassment, these initiatives fall under worker respect rather than the 'Better Health for All' value.
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The company's actions during the COVID-19 pandemic, including temporary store closures and employee compensation, are noted but do not align with the specific criteria for scoring within the global health crisis response KPI.
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Fair Money & Economic Opportunity
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Vince Holding Corp. operates in the apparel and accessories industry.
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The provided articles focus on the company's financial performance, supply chain ethics, and corporate governance. There is no evidence in the articles to suggest that Vince Holding Corp. offers financial products or services, such as lending, insurance, or deposit services, to consumers. Consequently, there is no data available to assess the company against any of the KPIs related to Fair Money & Economic Opportunity, which are designed for financial institutions.
Fair Pay & Worker Respect
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The company's overall employee rating is 3.4 out of 5 stars, with 50% of employees recommending it to a friend
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and 73% approving of the CEO.
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No specific regulatory actions, violations, fines, or compliance issues related to labor laws or human rights have been mentioned across the provided articles for the past three years.
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Fair Trade & Ethical Sourcing
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No specific quantitative data was found in the provided articles to assess Vince Holding Corp. against the 'Fair Trade & Ethical Sourcing' value's Key Performance Indicators.
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Information regarding fair-trade certification share, audit frequency, forced/child labor incidents, supply chain traceability coverage, remediation speed, ethical clause coverage in supplier contracts, materials risk index, or supplier diversity spend was not available.
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Honest & Fair Business
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Vince has a formal whistleblower protection policy that includes confidentiality and protection against retaliation
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. The company operates an anonymous hotline and an online reporting option to facilitate reporting of potential unethical behavior and misconduct
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. However, there is no evidence provided regarding the independence of investigation processes, training, or the effectiveness of the program.
Kind to Animals
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Vince Holding Corp. banned alpaca fleece from all its brands on June 14, 2021, following a PETA exposé revealing cruel alpaca shearing practices
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. The company had also previously banned mohair after a similar PETA exposé
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.
No War, No Weapons
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Vince Holding Corp. operates in the apparel and accessories industry, and the provided articles contain no evidence of its involvement in arms manufacturing, military contracts, or conflict facilitation. Consequently, KPIs such as revenue from arms contracts, dual-use technology, sales to embargoed regimes, peacebuilding investment, board oversight of defense, Arms Trade Treaty compliance, AI military safeguards, dual-use screening, surveillance transparency, ethical red lines for weapons, zero exposure to controversial weapons, percentage of defense divestment, and peace technology investment ratio are all assessed as not applicable to its core business. While the company has a conflict minerals policy
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and conducts inquiries into the origin of minerals in its products
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, no specific percentage of its supply chain is explicitly stated as certified conflict-free. Similarly, general ethical supply chain practices are mentioned
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, but there is no direct evidence linking these to humanitarian procurement standards or specific conflict-related risk audits.
Planet-Friendly Business
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The provided articles do not contain specific, quantifiable data points related to Vince Holding Corp.'s environmental performance. Information regarding carbon emissions, renewable energy usage, water consumption, waste diversion, or climate targets is not available. One article explicitly states that there is no publicly available carbon emissions data and that the company is not participating in any tracked reduction initiatives.
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Respect for Cultures & Communities
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No specific, concrete data points were found in the provided articles regarding Vince Holding Corp.'s respect for cultures and communities. The articles primarily focus on financial performance
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, supply chain ethics
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,
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, and internal compliance
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,
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, without addressing community engagement, cultural impact assessments, local employment, cultural preservation, or related metrics. Information about a licensing deal with Authenic Brands Group is not relevant to partnerships with indigenous or local community groups. While a whistleblower hotline is mentioned
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, it is not explicitly for community concerns.
Safe & Smart Tech
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No material data breaches have been reported as of the May 2024 10-K filing.
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The company operates a cybersecurity program that includes processes, technologies, controls, network monitoring, vulnerability assessments, and an incident response plan.
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It maintains robust internal controls and processes to ensure compliance and has no documented incidents of unauthorized data use.
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Employees receive regular cybersecurity awareness and sensitive information protection training, with effectiveness periodically tested through simulations.
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Encryption, including hashing and SSL technology, is used for personal information and electronic transactions.
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The company is committed to full compliance with applicable privacy regulations, such as GDPR, CCPA, and CPRA.
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Users are provided with rights to access, modify, delete, and restrict processing of their personal information, and can opt out of direct marketing and targeted advertising.
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Personal information is retained only as long as reasonably necessary for its collected purposes.
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Zero Waste & Sustainable Products
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No specific data is available for Vince Holding Corp. regarding waste diversion, product recyclability, packaging sustainability, recycled content, single-use plastic reduction, take-back programs, circular design, waste reduction initiatives, hazardous waste management, product durability, repairability, waste audit frequency, zero waste certification, waste disposal violations, material efficiency, packaging-to-product ratio, waste reduction targets, supplier waste requirements, or customer waste education.
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