Close collaboration with our stakeholders, both internal and external, is essential in enabling us to tackle the challenges we face throughout our value chain. Diversity and a multitude of voices lead to innovation and the insight into our stakeholders’ knowledge and viewpoints helps us prioritise the Conscious Actions we take and the resources we invest.
Throughout the year, we work to maintain regular dialogue with each major group. We do this on day-today basis, through regular formal stakeholder roundtables on a global and local level, dedicated surveys, media analyses, our active participation in several multi-stakeholder initiatives and as part of our strategic business intelligence.
But more than that, we seek to join forces with our stakeholders in order to tackle some of the major challenges in our industry. Challenges that affect everyone along our value chain and that no company can solve on its own.
In order to find and implement the required solutions, we need to team up with our peers, suppliers, NGOs and many more players. We see sharing best practice and developing ways to jointly tackle common challenges as key to taking our sustainability work further and making the whole industry more sustainable.
Collaborating with others can help to increase the level of influence we have and set new standards – voluntary or legislative, well beyond our sphere of direct influence. To this end, we are involved in a number of local and global industry collaborations, partnerships and multi-stakeholder initiatives, such as the Better Cotton Initiative (BCI), Sustainable Apparel Coalition (SAC), Fair Labor Association (FLA), Fair Wage Network (FWN), Better Work and the Roadmap to Zero Discharge of Hazardous Chemicals.