Skip to main content
Home

Main menu

  • Home
  • Who we are
    • Who we are
      • ETI's origins
    • Our members
    • Governance
    • Our team
      • ETI Board members
  • What we do
    • What we do
    • Membership
    • ETI initiatives
    • Events
    • Training
      • All courses
      • Human rights essentials
      • E-learning module: Access to remedy principles
      • Bespoke training
  • Join ETI
  • ETI Base Code
    • ETI Base Code
    • 1. Employment is freely chosen
    • 2. Freedom of association
    • 3. Working conditions are safe and hygienic
    • 4. Child labour shall not be used
    • 5. Living wages are paid
    • 6. Working hours are not excessive
    • 7. No discrimination is practiced
    • 8. Regular employment is provided
    • 9. No harsh or inhumane treatment is allowed
  • Insights
    • Insights
    • Blog
      • Blog series: Protecting workers in high-risk areas
      • Blog series: Advancing living wages
      • Blog series: Gender equity across supply chains
    • Resources
      • Case studies
    • Issues
      • Human rights due diligence
      • Gender equity
        • Violence and harrassment
        • Gender data initiative
        • Gender equality - international standards
        • Gender equality - resources
      • Supply chain transparency
      • Grievance mechanisms & remedy
      • Union rights at work
      • Migrant workers
      • Child labour
      • A living wage for workers
        • Living wage initiatives
        • Living wage resources
        • Living wage standards
        • Wages and purchasing theories
      • COVID-19
      • Company purchasing practices
      • Modern slavery
        • Modern slavery and transparency standards
        • Modern slavery evaluation framework
        • Modern slavery initiatives
        • Modern slavery resources

Breadcrumb

  1. Home
  2. insights
  3. resources
  4. annual impact review 2020 21
  • Foreword
  • The Membership
  • ETI initiatives
  • Finances

Finances

Contents

 

Even during these extremely challenging times, we continue to strengthen our membership offer and in 2020-21 we succeeded in retaining over 95% of our membership.

However, due largely to the impact of Covid-19, we saw a 14% decrease in our core revenue from £1,576,679 in 2019-20 to £1,378,693 in 2020-21.  This was driven by the fact that ETI’s member revenue is related to our corporate members' financial performance and training revenue depended on face-to-face delivery, both of which have been considerably affected by Covid-19.

In addition to membership and training fees, we are hugely appreciative of the long-term strategic support we receive from our institutional donors and project funding from members, which helps to increase our impact and to entrench thinking and action around business and human rights. Of particular note is a five-year grant that ETI received as part of a consortium led by Fair Wear Foundation; this aligns with ETI’s strategic themes and enhances our ability to drive change through partnerships. We would also like to thank the following organisations for their support: Ethical Trade Norway, Fair Wear Foundation, Freedom Fund, HSBC, Laudes Foundation and the UK’s Foreign Commonwealth and Development Office (UK Aid) and Home Office.

  • Previous
  • Up

Get the latest

Subscribe to our email newsletters and stay up to speed on ethical trade.
Subscribe

ETI elsewhere

  • Twitter
  • LinkedIn
  • YouTube

Footer

  • ETI Community
  • Accessibility
  • Contact
  • FAQ
  • Jobs at ETI
  • Press resources
  • Security & privacy
Other ETIs: Bangladesh, Denmark, Norway, Sweden
Ethical Trading Initiative | Registered No. 3578127