Finances

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.