Pharmacy and consumer goods retailer Boots has left the Ethical Trading Initiative (ETI), an alliance of companies, NGOs and trade unions that works on improving ethical supply chain management. The ETI said it was ‘deeply disappointed’ at the decision, and warned: ‘it is not the right time for major brands to be rolling back their commitments on labour standards’. A statement by NGO members of the initiative said they feared Boots would now ‘turn its back’ on ethical trading. Boots – which was taken over by private equity firm KKR in 2007 – said it would remain committed to ETI principles but wants to ‘move our agenda forward’.
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