Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Economic
• Governance

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Lack of transparency in global supply chains regarding fair and environmentally compatible conditions.
• Balancing conflicting moral and performance-based priorities.
• Integrating responsible action with economic success.

Mitigation Strategies

• Utilizing new technologies like blockchain, big data analytics, and AI.
• A paradigm shift towards integrating responsible action with economic success.
• Establishing a holistic transformation beyond company boundaries.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Establishing clear environmental and social standards
• Working with early warning systems for risks in certain countries/regions

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI standards, ESG framework, SBTi (Science-Based Target initiative)

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Sustainability
• Reshoring
• Supply Chain Management
• Carbon Emissions
• Human Rights

Environmental Achievements

• Reduced transport distances and greenhouse gas emissions through reshoring of packaging operations (Polarica Wild Food example)
• Opened a carbon-neutral factory producing jeans with a significantly reduced environmental footprint (C&A example)

Social Achievements

• Created 2,100 jobs in the UK through reshoring call centers (Vodafone example)
• Improved customer service through reshoring (Vodafone example)
• Ensuring fair working conditions for employees working at Tier 2/Tier 3 suppliers

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Rising carbon prices
• Supply chain disruptions
• Balancing short-term profit maximization with long-term strategic goals
• Finding qualified employees in a competitive environment
• Higher costs for raw materials in high-wage countries
• Customer unwillingness to pay more for sustainable products
• Carbon leakage (shifting production to countries with laxer environmental regulations)
• Lack of proper infrastructure (e.g., recycling providers) at reshored locations
• Inability to achieve sustainability targets due to poor infrastructure or supply chain issues

Mitigation Strategies

• Developing a greenshoring framework to guide reshoring strategy
• Focusing on the right location strategy (greenfield vs. brownfield)
• Conducting life cycle assessments (LCAs) to understand environmental impacts
• In-depth market and competitor analysis before reshoring
• Continuous monitoring of company performance from both financial and non-financial perspectives
• Integrating sustainability into supply chains and operational processes
• Actively managing suppliers and forcing them to consider sustainability aspects
• Optimizing transport routes and quantities to reduce carbon emissions
• Utilizing governmental subsidies and incentives to incentivize reshoring

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Ensuring responsible sourcing and supplier management
• Maintaining fair working conditions for employees at Tier 2/Tier 3 suppliers

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Rising carbon prices
• Regulatory changes

Opportunities

• Reduced carbon emissions through reshoring
• Access to renewable energy

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed