Our latest research update for the Furniture sector has just been published, with some interesting results!
Once again, fair trade furniture retailer Myakka tops the table with a perfect Ethical Company Index (ECI) score of 100!
Myakka sells handcrafted solid wood furniture and accessories for the home. Myakka’s Ethical Company Index score is a reflection of the company’s strong ethical, environmental and social values, which are at the heart of the business. They source their products from skilled craftspeople and manufacturers and have built solid relationships with them all, over many years of loyalty and trust.
Other companies scoring in the top third of the research rankings include B&Q, Bensons for Beds, Laura Ashley and The White Company. A notable mover in this year’s ethical rankings is Homebase, which after 2 years near the bottom of the rankings with an ECI of 43, has climbed up the table with an ECI of 67 – this is a direct impact of the company’s change in ownership. Between 2016-2018 Homebase was owned by Australian conglomerate Wesfarmers which, as well as retail, operates in a number of questionable business sectors including chemicals, fertilisers and coal mining. Similarly, a change in company ownership has affected the position of House of Fraser in the latest rankings, who’s ECI drops from 67 to 52 as a result of their recent take over by Sports Direct – which has been heavily criticised for their treatment of workers.
The detailed Ethical Ranking Table can be found here.
We can highly recommend Myakka, which for the 10th year has been awarded Ethical Accreditation by The Ethical Company Organisation – independent verification of the company’s ethical status. For further information and to see their full range of unique and beautifully crafted ethical furniture, visit their website.