I:Collect (I:CO) is today announcing several decisions as a consequence of the recent findings in our operations in Russia, where textile goods collected at H&M stores were occasionally resold online to various buyers as evidenced by the report. This is a severe violation of our strict code of ethics and this is not something we stand for. Hence our following decisions effective 25.03.2020:
- Phase out of I:CO relationship with the local sorting partner in Russia;
- In-depth inspection and a subsequent reorganization of our operations in Russia.