© 2023 Spectre
Every business has impacts on workers, communities, the environment, and consumers. It is our responsibility to work to mitigate our negative impacts and bring benefits where possible so that we are sure that the world is better off with than without what we do. Therefore, we strive to be as responsible as possible and improve our environmental performance year by year to contribute to the overall movement towards reaching UN Sustainable Development Goals.
An Giang was our first purpose-built factory, so we transformed it into a model facility in every aspect, especially regarding sustainability.
For instance, we prioritized the use of low-emission materials during construction, installed a rainwater harvesting system for self-sufficiency, and incorporated a rooftop solar system.
We sought a responsible business framework and found it in B Corp certification, which upholds high standards in performance, accountability, and transparency. Using it, we identified improvements and made changes, including responsible management in our articles of association.
After verification, we aim to achieve B Corp certification in the coming months.
To mitigate climate change, we strive to reduce the energy expended per garment and minimize the use of energy produced from fossil resources.
The 2022/2023 financial year was the first time we did an emissions assessment including value chain emissions (Scope 3) as well as from our own operations (Scopes 1 & 2).
Our CSR initiatives have always been at the heart of our operations, reflecting our dedication to corporate citizenship and sustainable development, and the annual CSR Report is a testament to our collective efforts, highlighting the progress we have made in achieving our social, environmental, and governance goals.
For the fiscal year 2023/24, our plan is to set measurable environmental, social and governance (ESG) goals for 2030. Climate goals will be the key part of that, so we have committed to setting GHG emissions reduction targets that will be validated by the Science Based Targets Initiative, to track whether we are aligned with the global goal of not exceeding 1.5°C warming by 2050.
As a responsible company, we don’t only focus on our own operations but also adopt a value chain approach to assess our impacts. Examples of our environmental initiatives include our LEED Gold factory, a comprehensive GHG emissions assessment, and our emphasis on recycled materials.
Excessive overtime and ensuring compliance with other working time regulations are the most common challenges in the apparel industry. This year, we made it our goal to address these issues in our operations. As a result, we reduced cases of excessive overtime by 85%.
We are committed to being a responsible business, which is why we joined both leading sustainability associations in the apparel industry, the Sustainable Apparel Coalition (SAC) and the European Outdoor Group (EOG), in 2022. This is in addition to our existing memberships in other associations.