Our sustainability framework In good hands outlines our commitment to sustainable development throughout our value chain. When you choose a pair of Hestra gloves, you are in good hands.
Sustainability is part of the daily work at Hestra. To truly capture the opportunities and manage the risks, Hestra maintains a sustainability governance structure. Sustainability governance is managed by Hestra’s CEO and management team that reports to the Board of Directors. Over the last few years, sustainability has been integrated into the Board of Directors’ responsibilities and is addressed at board meetings.
The appointed Head of Quality and Sustainability is responsible for operational sustainability and gathers the company’s sustainability team that comprises representatives from different departments within the organisation.
In 2020/21, Hestra undertook a project to gauge its stakeholders’ expectations on Hestra’s sustainability agenda, and conducted materiality and risk assessments, defined key performance indicators and prepared the company for sustainability reporting in accordance with GRI Standards, and Chapter 6 of the Swedish Annual Accounts Act. The latter is based on the European Union’s Non-Financial Reporting Directive. Read more about our stakeholder dialogue and materiality assessment in page 29 in our report.
FAIR BUSINESS PRACTICES
Ethical business behaviour is expected from all colleagues and business partners, and our expectations are outlined in our Code of Conduct. The greatest risks of unethical business behaviour in the industry, including corruption, occur in the interaction with the public sector in countries with weak rule of law. Examples include management of operating permits and interactions with customs. In the coming year, we are looking to review the management processes related to anti-corruption.
In 2020/21 there were no reported cases of corruption at Hestra or in our value chain.
Read the full report here.