NWG Annual Report 2019 - EN NWG Annual Report 2019 - EN | Page 36

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CSR
NWG // CSR
and Sustainability
New Wave Group believes in sustainable growth. Our business is defined by long-term approach
and it is important for us to adapt business solutions that are financially profitable, but also sustainable
from a social and environmental perspective.
T
he objectives are to maximize our
contribution to globally agreed
goals for sustainable development, create
long-term value for the company and at the
same time take stakeholders’ expectations
into account. The work includes, amongst
several things, to improve working condi-
tions in the supply chain, cutting emissions
of green-house gases and to use organic and
eco-friendly materials. Another important
aspect is also to actively spread knowledge
and raise awareness about sustainable
consumption and sustainability aspects in
the production of textiles and other goods.
In this way, the Group can contribute to the
Global Goals for sustainable development
while ensuring a good dialogue with
customers and other stakeholders.
Risks are an inescapable part of New
Wave Group’s business. Constant adjust-
ments are required to meet the customers’
growing demands for transparency and
sustainability, as well as changes in legis-
lation. Our ambition is to constantly be at
the forefront and what makes the biggest
difference is how we operate our daily
business. Therefore, we have identified
three focus areas, which we believe are
the most important in order for New Wave
036 // ANNUAL REPORT
Group to integrate sustainability with
our core business: sustainable products,
sustainable production and sustainable
transports.
Sustainability report
In our separate Sustainability Report, we
have put New Wave Group’s sustainability
efforts in a broader context within the
framework of the 17 global sustainability
goals. Here we provide a comprehensive
picture of the work and highlight our
accomplishments – but also reflect on how
we can improve. As in previous year, we
report with support from GRI Standards,
Global Reporting Initiative’s latest
guidelines.
Highlights 2019
New Wave Group was one of eight
companies that received full marks when
Dagens Industri, the largest business
newspaper in the Nordic countries, ranked
how over 170 listed companies relate to
Agenda 2030 and the UN Global Goals for
Sustainable Development.
Our eco-labeled brand Cottover has
continued to show a good sales trend. In
addition, we continue to increase the
amount of products coming from sustain-
able sources. Several of the subsidiaries are
actively working to develop new collections
of products with sustain-ability attributes,
several of which will be launched in 2020.
The share of suppliers in risk countries
evaluated by independent third party
against our Code of Conduct continued
to increase. For 2019, as much as 96 % of
the total purchasing volumes through our
buying offices have valid audit reports from
amfori BSCI or equal third party moni-
toring system.
Read
Read more about how
New Wave Group works
with CSR and sustainability
in the separate Sustainability
Report, available on
www.nwg.se/csr/en