ESRS S4 Consumers and endusers |
Impact – Access to product information Information-related impacts mainly concern the availability of information regarding the origin, content, and waste management of products. Time horizon: S, M, L
Impact – Product safety The impact on consumers and end users can primarily be attributed to product safety, for example the risk of the presence of harmful or allergenic chemicals in textiles or in products intended to come into contact with food. Time horizon: S, M, L
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P-
P-
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D
D
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Risk / Opportunities – Implementation of system support Increased costs as a result of implementing the necessary system support to manage product related information( including the development of digital product passports) and traceability in the supply chain. Time horizon: S, M
Risk / Opportunities- The Group’ s reputation Both risks and opportunities are linked to trust in the Group and how its brands are perceived. For example, inadequate management of information and product safety may affect stakeholder trust, which in turn can lead to reduced sales. Conversely, strong performance can strengthen the brand and provide financial advantages. Time horizon: S, M, L
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In identifying actual and potential impacts, the Group has taken into account all Groups that are likely to be significantly affected by deficient products and information. Primary potential negative impacts can primarily be linked to specific incidents.
To limit these consequences, the Group works with product safety( including chemicals), quality, design, and increased transparency and traceability.
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ESRS G1 Business conduct |
Impact – Incidents concerning corruption, bribery, and unethical business practices Key business ethics impacts are primarily connected to procurement activities in countries with an increased risk of incidents related to corruption and bribery( classified as high risk countries). Time horizon: S, M, L
Impact – Whistleblowing Poorly implemented whistleblower programs can make it more difficult to identify and mitigate risks. Time horizon: S
Impact – Supplier relationships Corporate routines and internal processes, such as communication, planning, and other administrative processes, that may affect the relationship with suppliers. Time horizons: S, M, L
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P-
P-
P-
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U
O
D
U
O
N
U
O
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Risk – Business ethics compliance Deficiencies in business ethics, for example incidents involving corruption or bribery, with potential financial effects. Risk of poor business decisions that may impair profitability. Risk of fines and / or liability for damages if incidents related to corruption or bribery are discovered. Time horizon: S, M, L
Risk / Opportunities- The Group’ s reputation Both risks and opportunities are linked to trust in the Group and how its brands are perceived. For example, inadequate management of business ethics may affect stakeholder trust, which in turn can lead to reduced sales. Conversely, strong performance can strengthen the brand and provide financial advantages. Time horizon: S, M, L
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The Group has its own purchasing offices in Asia( where the greatest risk of negative consequences exists), which handle daily contact with our suppliers, thereby creating better conditions for close cooperation throughout production flows( and payment flows).
The Group has implemented a whistleblower function. Anyone reporting a suspected irregularity always has the right to remain anonymous. It is strictly prohibited for our employees to attempt to discover the identity of a person who has submitted a report. It is also prohibited to obstruct or attempt to obstruct reporting, as well as to take retaliatory action against the reporting person.
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ANNUAL REPORT // 045 |