Fairware Impact Report 2022

NOTE: All goals are labled with one of the following progress status icons.

Pending In-Progress Paused Complete

Our Responsible Sourcing Goals

WRITE A RESPONSIBLE SOURCING POLICY While we have one of the longest-standing responsible sourcing programs in the industry, we have not had a stand-alone Responsible Sourcing Policy. Our goals and objectives have lived in our supplier Code of Conduct survey process, and in 2023 we’ll revise our program to include a discreet policy. SEND UPDATED COC TO OUR NEXT TIER SUPPLIERS While most of our supplier spend is with current Code of Conduct signatories, our goal is to have our top 50 suppliers (who represent over 90% of our sales) have a current and signed Code of Conduct on file. ONBOARD A MIN. OF 6 ‘IMPACT’ SUPPLIERS ANNUALLY We are known for offering the widest range of sustainable products and brands in the promotional merchandise industry. To maintain our differentiation, our goal is to onboard at least six impact suppliers a year.

BUILD A SYSTEM TO TRACK PRODUCT LEVEL SUSTAINABILITY METRICS

In 2024, we will track product level data on sustainable products, including those that are certified recycled, organic, regenerative organic, bio- degradable, or compostable. We will also measure our sales of products that promote zero waste lifestyles. Our current order management system doesn’t allow us to easily track and report out at the product level. As such, it’s been difficult to assess the portion of our sales that can be categorized as sustainable product. Using a simple search to identify product level data from sales reports in our accounting system, shows about 34% of our 2022 sales included products with recycled materials or certified organic cotton material.

14

Responsible Sourcing

Made with FlippingBook flipbook maker