Responsibility Strategy
At Thygesen Textile Group, we know that as a company, we have a responsibility – both to our customers and employees, but also to the planet and its inhabitants. Therefore, we have developed and implemented a responsibility strategy to help us live up to our corporate responsibility.
The responsibility strategy includes various focus areas and specific objectives that we are working to achieve by 2024 and 2025. However, our responsibility does not end there. We will continue to evolve and set new goals for the future so that we can continuously improve.
For us, responsibility means conducting profitable business in a way that cares for both people and our shared planet.
Focus Areas
Based on our values and behavior, we have selected the following focus areas for our responsibility strategy:
Thygesen Textile Group must remain a workplace that emphasizes well-being, personal development, and diversity. Below, you can find a detailed description of this focus area.
Throughout our value chain, as well as in our own activities and production, we will ensure high standards to minimize our negative impact on the environment. Below, you can find a detailed description of this focus area.
We will reduce our CO2 emissions and limit our consumption of the Earth’s resources. Below, you can find a detailed description of this focus area.
All our products and services are produced by and delivered through carefully selected suppliers who respect people, the climate, and the environment. Below, you can find a detailed description of this focus area.
Objectives
Below you will find a description of our objectives based on the above-mentioned focus areas.
PEOPLE IN OUR VALUE CHAIN
- Female Representation
We focus on achieving gender balance in our leadership team and aim to accomplish this by 2025. This is achieved, among other initiatives, through recruitments. - Diversity and Well-being
All employees are offered a healthy and supportive work environment with numerous opportunities and benefits. Workplace diversity is ensured through our hiring policies. - Production Facilities
Our production facilities are certified according to reliable social standards to ensure proper working conditions. We ensure that these conditions are adhered to and consistently maintained through yearly, third-party audits.
THE ENVIRONMENT
- Chemicals
By 2024, all our companies will have policies and programs designed to ensure that harmful chemicals are not used in our products. - Waste Management
By 2024, we will establish waste sorting at all our locations. Targets for reducing the amount of waste will be defined. - Wastewater Management
We will measure the wastewater in our production units and report on it to set improvement goals.
CLIMATE
- Material and Design Strategy
By 2024, all our companies will have a strategy for their products related to the circular economy in design or the use of better raw materials, including packaging. - Climate-Friendly Production Units
We will build and maintain state-of-the-art production facilities that take climate into consideration. - Measure and Reduce Internal CO2 Emissions
By 2024, we will ensure that all our facilities measure and set goals to reduce their own CO2 emissions and energy consumption. - Measure and Reduce External CO2 Emissions
Goals will be established in accordance with the Paris Agreement regarding external CO2 emissions.
PRODUCTION
- Policies and Procedures
By 2024, all our companies will have policies and procedures that consider ethical and environmental factors in their supply chains. - Supply Chain Mapping
There should always be a comprehensive system for handling supply chain data. By 2025, all our subsidiaries will be able to map at least ‘Tier 2’ of the supply chain for core products. - Production
By 2024, all our subsidiaries will have a system in place to ensure that their supply chains are responsible. Audits and training will be conducted with key suppliers. - Procurement Systems and Resource Allocation
All our subsidiaries have a policy for responsible procurement practices and allocate effective resources to manage this.
Responsibility Stars
To continually track progress toward our responsibility strategy goals, we have developed ‘responsibility stars’.
Thygesen Textile Group and our subsidiaries each have stars that provide an overview of how far individual companies have come and what they are working on.The star consists of two main parts: the core and the star spikes.
The Core:
In the core of the star, the five minimum requirements for our companies are listed. These can collectively score up to 75 points, and if a company achieves this, the star turns green. The goal is for all our companies to reach this target. The minimum requirements imposed on the companies are as follows:
The company must, at a minimum, have distributed a Code of Conduct and chemical restrictions to their production units.
The company must, at a minimum, have mapped their supply chain up to Tier 1 and established systems for recording additional Tiers.
There should, at a minimum, be a responsible procurement policy with focus on people and the environment in place, along with a defined audit program, and resources allocated for its follow-up.
A a minimum, a test program must be established, and a design and material strategy developed.
It is a requirement that the company’s employees must annually rate their job satisfaction with a minimum score of 4 and respond to the workplace assessment (APV) sent out, as required by law, every 3 years.
The star spikes:
The second part of the star – the spikes – is defined by the companies themselves in connection with the development of a strategy.
All the companies work individually on a responsibility strategy based on the requirements set by TTG. This will be updated continuously.
The star spikes for Thygesen Textile Group as a group are defined as follows:
It must be ensured that waste sorting takes place at all locations, and goals are set for waste minimization.
CO2 emissions must be collected and measured at our own sites, and reduction targets must be set.
There is a goal for an equal distribution of women and men in the leadership team.
Recruitment policies that promote diversity in the company must be developed.
This is a large area that we are addressing incrementally. We are starting by measuring inbound and outbound transportation. Then, through the material strategy requirements from the companies, we will gain access to data that can be used in a Scope 3 calculation for our products. Finally, we will require our suppliers to measure their Scope 1 & 2 and provide us with that information.
We aim to communicate frequently and transparently about our initiatives and improvements, including through an annual ESG report.
