The virtual awards were organised by ESGRisk.ai, India's first ESG rating company which is part of the Acuité Group.
Sustainability and ESG practices are embedded in each aspect of Page Industries’ operations and its entire value chain including procurement, designing, manufacturing and logistics, thereby creating shared long-term value for all stakeholders. The company is committed towards responsible sourcing of materials and resource efficiency across all its facilities, it said in a media release.
The ESG leadership award highlights various aspects of Page’s FY 2019-20 supply chain achievements. These include OEKO-TEX certification – 90 per cent of the critical fabric suppliers are OEKO-TEX certified, and the company aims to ensure that all its vendors and suppliers get the same certification by FY 2022. Another notable point is 78 per cent of the garment outsourcing divisions are Worldwide Responsible Accredited Production (WRAP)-certified to maintain a responsible supply chain. Further, procurement from domestic suppliers has increased by 13.6 per cent.
"We are honoured to be recognised as an ESG leader for the sustainability practices implemented in our supply chain. We strive to engage with environmental and social certified suppliers; collaborate and co-create with them to achieve joint success and long-term value creation. We still have a long way to go and are committed to working with our suppliers on this journey of continuous improvement," said Ganesh V S, CEO and executive director.
Page Industries has been actively working towards increasing the share of renewables and recycled materials in its production and ensuring that its value chain is free from harmful chemicals and toxins. The company works with certified suppliers and has set standards on chemical usage in all its facilities.
In its endeavour to eliminate the use of unsafe substances, Page Industries has implemented initiatives such as replacing hazardous chemicals with safer alternatives across the facilities and supply chain. In line with their commitment to working together with their suppliers towards a long-term, ethical and sustainable future for all parties, they have established a Supply Chain Standard and Responsibility Code. In addition, Page has prepared a detailed sustainability supplier assessment methodology to assess its critical suppliers’ performance against comprehensive environmental, social, and governance (ESG) factors, the release said.
Fibre2Fashion News Desk (KD)