NWG // SUSTAINABILITY STATEMENT
S2 Workers in the value chain
Workers in the value chain include workers in the upstream supply chain involved in the production of textiles and other products. The scope does not include workers involved in upstream distribution activities nor workers in the downstream value chain, such as individuals involved in sales or distribution.
New Wave Group has identified the following material impacts, risks and opportunities related to workers in the value chain *:
Material impacts, risks and opportunities related to workers in the value chain |
Related policy considering the management of material impacts, risks and opportunities related to workers in the value chain |
The policy is described in detail in the relevant section of this report |
Key activities |
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Impact – Working conditions in the production chain
Impact – Growth and employment opportunities
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CSR and Environmental policy:- Under the section on social responsibility and community development, the Group’ s commitment to ensuring that our suppliers and partners respect human rights and international labor conventions is considered.
Adopted supplier Codes of Conduct( Amfori)- Principles for exercising due diligence with respect to human rights and environmental protection in global supply chains
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E1 page 60
E1 / S2 page 60 / 83
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Criteria and requirements for new suppliers
Supplier assessments, both internal and third party audits
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Whistleblower policy- Ensures a mechanism for value chain workers to report severe grievances |
S1 / G1 page 78 / 89 |
Training and capacity building for suppliers |
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Risk- Increased costs for workers in the value chain
Risk / Opportunity – The Group’ s reputation
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Risk policy- Considers the Group’ s risk management |
S1 / G1 page 78 / 89 |
Active participation in Amfori, the International Accord, and MADE in Myanmar |
* Further information can be found in Chapter ESRS 2 General Disclosures, under section SBM 3: Material impacts, risks and opportunities and their relationship with strategy and the business model.
New Wave Group have applied the phase-in opportunity for ESRS S2 in accordance with ESRS 2 and therefore does not fully report in accordance with the standard.
The impacts are primarily realized upstream in the value chain, particularly at the production stage in countries where welfare systems, labor protections and supervisory structures are limited. These conditions increase the risk of non compliance with fundamental labor standards and human rights.
The Group has not specifically identified or mapped individual vulnerable groups but has considered value chain workers as a whole in its risk assessment. At the same time, the Group recognizes that certain groups generally face a higher risk of negative impacts, including women, migrant workers, young workers and trade unionized workers. These groups are often more exposed to precarious working conditions, discrimination, limited access to grievance mechanisms and risk of retaliation.
Furthermore, the risks of child labor and forced labor are assessed to be particularly elevated in regions where regulatory frameworks, enforcement and compliance are weaker.
In such contexts, negative impacts on value chain workers can be both widespread and systemic. Examples of regions where these risks are considered more prominent include Bangladesh, China, India and Vietnam, where significant portions of the global textile and manufacturing industries are located.
Policies for workers in the value chain The New Wave Group CSR and environmental policy outline the Group’ s commitments to social and environmental responsibility. The policy addresses material impacts related to working conditions and employment practices in the production chain, with a focus on respecting human rights and international conventions on decent working conditions. The policy is described in more detail under E1-2: Policies related to climate change mitigation and adaptation. This section also describes the Whistleblower policy, which establishes the Group’ s commitment to ensuring that value chain workers and other stakeholders have access to a safe and effective mechanism for reporting severe grievances.
ANNUAL REPORT // 083