Why the Get It Fair Due Diligence is important? Here you can find good reasons why choosing Get It Fair

1. Why choosing
Powered by
ICMQ certification India Pvt Ltd
A/511 Sagartech Plaza, Andheri Kurla Road,
Sakinaka Junction, Andheri East, 400072 Mumbai
e-mail:icmq@icmq.in – http://www.icmq.in
1 What is the purpose of Get It Fair
Providing Stakeholders with confidence that a brand
is committed to improve sustainability and social responsibility
by means of a third party assessment to manager responsible supply chains
2 Why choosing Get It Fair?
2.1 To meet the emerging priorities of the future generations
73% of “Millennials” (born within 1980-1994) and 77% of “Gen Z” (born within
1995-2010) is willing to pay a premium price up to 20% for sustainable and
socially responsible products.
48% of Millennials and 53% of Gen Z prefer to purchase sustainable and
socially responsible products.
(PWC - 2018) “Italian insights on Millennials and Generation Z” - 2500
consumers).
Get It Fair helps brands to provide younger generations with reliable
information regarding the social responsibility and sustainability down the
supply chain, especially for the production realized out of Europe.
Get It Fair supports the communication with the younger generations thanks to the greater
credibility and reliability on the information given
2.2 To better communicate sustainability and social responsibility
More than 55% of Millennials and Gen Z consumers consider the Label as
the most important communication mean to provide information
regarding the sustainability and social responsibility of a product
(Source: PWC “Italian insights on Millennials and Generation Z”, 2018)
Get It Fair helps improving transparency and reliability of communications
regarding Sustainability and Social Responsibility of the factory in which
garment, accessory or footwear are produced.
Get It Fair allows you to communicate effectively to the customer/end consumer thanks to
the information on the label, on the packaging and on other marketing documents
accompanying the product

2. Why choosing
Powered by
ICMQ certification India Pvt Ltd
A/511 Sagartech Plaza, Andheri Kurla Road,
Sakinaka Junction, Andheri East, 400072 Mumbai
e-mail:icmq@icmq.in – http://www.icmq.in
2.3 To provide third party reliable and verified information
On 27th
April 2017 the EU Parliament has approved the
Resolution in which the European Commission is requested
to prepare a proposal for a directive which requires:
a binding legislation that establishes due diligence
obligations for supply chains in the clothing and
footwear sector; … this legislative proposal has to align
with the new OECD guidelines on due diligence related to
responsible supply chains in the clothing and footwear
sector, in accordance with the OECD guidelines.
In the same Resolution, the European Parliament admits the
failure of voluntary initiatives and second-party audit system on suppliers and calls for measures
based on independent third-party controls.
Get It Fair is an independent third party responsible labelling scheme, in line with the requests of the
European Parliament to the EU Commission (Resolution of 17/04/2017) concerning the obligation of
independent third party controls aligned with the OECD guidelines.
http://www.europarl.europa.eu/doceo/document/TA-8-2017-0196_EN.pdf (Point 5)
3 Why GIF is important for the financial world and banks?
3.1 To provide information in compliance with investor protection regulations
The European Union, in order to improve the level of investor protection and
portfolio choices based on increasingly accurate information - not limited only to
financial risks but also to the "extra financial" ones - has approved the European
Directive 2014/95 / EU (implemented in Italy by Legislative Decree 254 30/12/2016)
which requires large companies to:
Include in the financial statements an extra-financial report containing necessary and sufficient information for an
overall assessment of the organization's development, the position and impact of its activity with reference at least to
environmental, safety and social aspects and issues relating to personnel, compliance with human rights and anti-
corruption by means of:
(a) a brief description of the Group business model;
(b) a description of the policies of the Group related to such aspects, included the due diligence processes which
have been implemented;
(c) the results of such policies;
(d) the most relevant risks related to that areas which are linked to the Group operations or, where relevant or
proportionate, to the business relationships, products or services that can generate adverse impacts and how the group
manages these risks.
Get It Fair Due Diligence takes into consideration all the aspects relating to non-financial risks
(Human Rights, Working Conditions, Health and Safety, Environment, Correct Business Practices)
of an organization along its supply chain.
Get It Fair provides a report with non-financial information in accordance with the
requirements of the EU Directive 2014/95 and the applicable national legislation
https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32014L0095

3. Why choosing
Powered by
ICMQ certification India Pvt Ltd
A/511 Sagartech Plaza, Andheri Kurla Road,
Sakinaka Junction, Andheri East, 400072 Mumbai
e-mail:icmq@icmq.in – http://www.icmq.in
3.2 To provide external auditors with information aligned with Consob
requirements
CONSOB (Resolution n.20267 of 26/01/2018) approved a Regulation
implementing Legislative Decree 30/12/2016, n. 254 (Directive 2014/95), relating
to the communication of non-financial information.
The Regulation describes the methods of communication to the Authority controlling listed
companies and the extra-financial report contents to be attached to the Financial Statements.
The Regulation provides to assign an Auditor who will be in charge of the task of indicating - in a
specific section of the auditing report of the budget - the approval by the administrative body of the
non-financial declaration.
The Auditor has to provide Consob with a series of information among which:
c) the methods and principles considered by the reporting standard used as a reference or by the autonomous reporting
methodology used by the administrative body in drafting the non-financial statement;
d) a description of the extent of the work performed and the verification procedures put in place for the purpose of issuing
the declaration;
How can an Auditor declare the reliability of non-financial information on the state of risks of a
company along its supply chains?
Get It Fair provides organizations with a report with information in line with the extra-
financial information required by the EU Directive 2014/95 and the applicable national
legislation to support auditors and their communication to CONSOB.
http://www.consob.it/web/area-pubblica/bollettino/documenti/bollettino2018/d20267.htm
3.3 To meet the need for extra-financial information reliability
On July 31, 2019, the CNDCEC (National Council of Accountants and
Accounting Experts) published the document called "Corporate
sustainability and professional development. Corporate governance
and risk management”.
The main objective of the document is to illustrate some substantial changes
that have taken place in the professional activities connected to company disclosure processes -
especially in the activities of reporting and control - and, more generally, in the functions of
administration in the evaluation of the sustainability economy aspects of the economy.
The CNDCEC document clearly highlights how "The issue of external sworn of Corporate
Responsibility reports acquires increasing importance in global markets in parallel with the growing
need for stakeholders for an increase in the credibility and intelligibility of sustainability information."
The financial markets, in particular, base their operation on credible and verifiable economic and
financial data, a circumstance in which regulators and operators seek to develop independent
validation mechanisms for public information, both financial and non-financial. Many
operators, therefore, assign to independent third parties validation an essential function in the
practical development of the system and in the propagation of the benefits inherent in
sustainability reporting” (Pag.17)
Get It Fair is an independent validation tool for extra-financial information to support
professionals (Auditors, Accountants, Accounting Experts) who must certify reliable and
credible information on risks along the supply chain.
https://commercialisti.it/documents/20182/1236796/Allegato+-+Informativa+n.+73-
2019.pdf/978dc26d-4b94-4138-9223-25bb2bb456fc

4. Why choosing
Powered by
ICMQ certification India Pvt Ltd
A/511 Sagartech Plaza, Andheri Kurla Road,
Sakinaka Junction, Andheri East, 400072 Mumbai
e-mail:icmq@icmq.in – http://www.icmq.in
3.4 To support the attraction of sustainable investments by the Bank of Italy
On 11 May 2019, Banca d’Italia issued a notice informing having changed the way
it manages its financial investments, giving greater weight to the factors that favour
sustainable growth, attentive to society and the environment. The resources
allocated to investments in companies with the best social, health and safety,
environmental and governance practices will, therefore, increase (the ESG factors,
the acronym of Environmental, Social and Governance).
In this prospective, Bank of Italy has decided to:
- to exclude from the investment universe the companies that operate mainly in sectors that do
not comply with the principles of the UN Global Compact
- favour companies with the best scores on ESG profiles, according to an assessment
made by a specialized company (“best in class” approach).
Bank of Italy intends to continue the process of improving the ESG profiles of its equity portfolio and
to conduct in-depth studies to extend the adoption of ESG criteria also to investments in corporate
bonds. Finally, the Bank is committed to increasing the sensitivity of the financial world towards
socially responsible objectives also through participation in international organizations
In the wake of indications from the Bank of Italy, the world of business credit is also developing
products and solutions that favour the provision of credit to organizations that provide reliable
information on the state of non-financial risk.
Get It Fair provides a complete independent third party score in line with the ESG profiles
requested by the Bank of Italy to select the portfolio of its.
https://www.bancaditalia.it/media/approfondimenti/2019/informativa-esg/index.html
4 Why Get It Fair is important for the company?
4.1 Because it improves sourcing and customer – suppliers relationship
The last thing anyone wants to see is an unpleasant story about a key supplier on the morning news.
Many companies have statements and policies on corporate social
responsibility (CSR), and the activities of the supply management
organization certainly should be included in those policies.
There should be a strategic alignment with critical and prime
suppliers, but with the global spread out of the supply chain, it may
be tougher to determine the sustainability actions of such an
extended supply base.
Get It Fair helps organizations to give consistency and transparency to responsible
sourcing policies and practices.

5. Why choosing
Powered by
ICMQ certification India Pvt Ltd
A/511 Sagartech Plaza, Andheri Kurla Road,
Sakinaka Junction, Andheri East, 400072 Mumbai
e-mail:icmq@icmq.in – http://www.icmq.in
4.2 Because it helps to reduce the risk of adverse impacts
Get It Fair helps reducing likelihood and consequence of adverse impacts
(late or missed delivery, brand image spoiling, legal issues, fines, etc)
caused by poor practices down the supply chain with respect to one or
more responsibility aspects.
The Get It Fair reference model covers all the Social Responsibility aspects and combines the
evaluation of:
a) Social Responsibility management system to understand the
organization ability in preventing the risk occurrence (Referring to
ISO 26000)
b) Risks of adverse impacts caused by social, health and safety,
environment and business ethic aspects (According to Risk
Assessment based audit approach)
Get It Fair assessment aims to identify, evaluate and quantify specific risks:
➢ Human rights (Child labour, Forced labour, discrimination, etc.)
➢ Health and Safety (fire, structural collapse, chemicals, electric, etc.)
➢ Environment (water and air pollution, solid waste control, etc.)
➢ Business ethics (fair labelling and communication, etc.)
4.3 Because it strenghtens the Sustainability Reporting preparation
Get It Fair Framework is aligned with the approaches and
indicators addressed by GRI (Global Reporting Initiatives)
guidelines for Sustainability Reporting.
This leads organization to collect and report information that can
be easily included in the sustainability reporting.
4.4 Because it leads continuous improvement
Get It Fair supports the continuous improvement of Social
Responsibility performance.
The scoring oriented evaluation method allows to
measuring both the Social Responsibility management
system and the risk profile of a supplier.
The quantitative approach allows to:
a) Compare the performance improvement of the
same supplier over time
b) Compare the performances among suppliers at the
same time