Page 10 - Stanley Stella

Sustainability

Our missions

Carbon neutrality Living wage
by 2030 by 2025

We are committed to becoming climate neutral With guidance from FairWear Foundation,
by 2030 to contribute to global net-zero goals. we are working to close the gap between
To achieve this, in 2022 we will start measuring the legal minimum wage and a living wage
the entire carbon footprint of our value chain, in our partner factories, and we invest part
activate an action plan to reduce those emis- of our operational profit in projects aimed
sions, and compensate for unavoidable emis- at improving the living standards of factory
sions through reforestation, insetting initiatives workers and their families.
and offsetting projects.

Our actions

Taking cotton traceability The grocery shop The Stanley/Stella
back to the field project Foundation

We want to go beyond the world of certification We work with our partner factories to set up Since 2020, we have reserved part of our ope-
in order to have more traceability and transpa- Fair-priced Grocery Shops (FGS) on-site for rating profits to finance projects related to our
rency across our supply chain. To achieve this their workers. Through these initiatives, we sustainability initiatives. In the first year, we
end-to-end visibility, we are planning to build help factories provide essential goods like rice, contributed €62,000 to grocery shop projects
a selective network of farmers, ginners and oil and lentils at heavily subsidised prices. This in Bangladesh and reserved a further €475,000.
spinners. Through this strong network, we will increases workers’ buying power, and improves In 2021, we expect to add a total of €1.07 million
be able to better understand and support the the overall standard of living in their families and to our reserve. Going forward, the Stanley/Stella
workers in order to drive positive impacts across communities. In 2020, we contributed €62,000 Foundation, established in late 2020, will allow
our entire value chain. to FGS projects in Bangladesh and have plans us to manage these funds in a way that maxi-
to support another FGS project before the end mises the impact we can achieve.
of 2021.

Fashion revolution campain 2021 >
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