Among the most recent OCA contributors are Levi Strauss & Co, G-Star Raw, Bonprix and The Sting Companies, and manufacturers Arvind Limited and Norlanka Manufacturing.
Thematic Research- ESG – Governance Factors
Organizing the topic into these three key areas makes it easier for companies to assess where they stand. The framework goes deeper and defines four key areas within each topic. Within corporate governance, these are corporate structure, risk management, corruption, and bribery and ethics. Then, within each area, the framework identifies several contributing factors and mitigating actions to help companies identify where progress is needed and create action plans.
Good corporate governance has never been more important. It has come to the fore as directors and executives recognize that they are responsible not just to shareholders, as in the past, but to a wide range of stakeholders.
GlobalData’s report on ESG – Governance Factors, taken from the collection of >17,000 reports on GlobalData Explorer, will help you to:
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OCA explains its community of contributors champion, grow, supply, and buy organic cotton, which helps to develop a more transparent, resilient, and responsible supply chain – with successful farmers and a planet protected for the future.
The organisation also claims that before it was established in 2016, the organic cotton sector was fragmented with no common vision to scale up and make organic cotton farming pay, especially for the farmer.
Earlier this year, OCA hailed “enormous growth” in the number of farmers joining its programme, with as many as 80,000 farmer participants in the cotton season of 2021/22.
Levi Strauss & Co’s chief sustainability officer, Jeffrey Hogue, says: “We are proud to join Organic Cotton Accelerator, because for the first time, we’ll be able to source direct from organic cotton farmers and work with others to identify scalable solutions for the industry. Organic Cotton Accelerator is unique in that it unites the global organic cotton sector. It enables measurable improvements to farmers’ livelihoods and local communities, creating conditions for change. This partnership strengthens our strategy to source more sustainable cotton for our products and provides new opportunities to solve the challenge facing our industry.”
Meanwhile, Bonprix’s vice president of corporate responsibility and technical product, Stefanie Sumfleth, sees joining OCA as a natural step in the company’s broader sustainability strategy for cotton.
“At around 50%, cotton is our most widely used fibre. Today, 99% of our purchased cotton contributes to more sustainable cotton farming. By 2025, at least 25% of the cotton we use should be fully certified and traceable – from the fields to the finished product. We believe that contributing to the OCA is an important step in achieving our goal while leveraging the strength of the industry for change.”
Related Companies
Thematic Research- ESG – Governance Factors
Organizing the topic into these three key areas makes it easier for companies to assess where they stand. The framework goes deeper and defines four key areas within each topic. Within corporate governance, these are corporate structure, risk management, corruption, and bribery and ethics. Then, within each area, the framework identifies several contributing factors and mitigating actions to help companies identify where progress is needed and create action plans.
Good corporate governance has never been more important. It has come to the fore as directors and executives recognize that they are responsible not just to shareholders, as in the past, but to a wide range of stakeholders.
GlobalData’s report on ESG – Governance Factors, taken from the collection of >17,000 reports on GlobalData Explorer, will help you to:
- Assess companies based on GlobalData’s detailed ESG framework on governance
- Identify relevant issues pertaining to governance using our framework
- Explore reasons why governance is an important ESG issue
- Identify factors which help to improve corporate governance in a company
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
Thank you.Please check your email to download the Report.