Environmental, Social, and Governance (ESG) criteria play a special role in the Velvet CARE development strategy.
The company’s modernity and responsibility manifest itself not only in the measures used to achieve its goals or meet legal and formal requirements. Any business with a responsible approach to its mission should also bring wide-ranging benefits to all stakeholders, ensuring sustainable development for itself and the environment in which it is operates. Therefore, the essential aspects of our business are the care for the natural environment, people and the team, corporate social responsibility, transparent and effective processes, and ensuring good relations with partners. In each of these areas, we undertake well-planned and responsible activities.
“The introduction of ESG standards in Velvet CARE formally started in 2019 simultaneously with the beginning of our cooperation with ABRIS, but many of them had been already introduced to our organization before. The implementation of ESG is a process – one of the most important strategic points of our long-term strategy.
We are convinced that these areas are key factors in creating the company’s intangible assets, and we have a very ambitious approach to implementing them. Sustainable development, social responsibility and the highest management standards are issues of strategic importance for Velvet CARE.”
Artur Pielak, President of the Management Board
We present our readers with the ESG report for 2023, this is the second public non-financial report in the history of our company, even though we are not yet subject to legal obligations in this regard. It was created in accordance with the guidelines of the Global Reporting Initiative (GRI Standards 2021) and presents the perspective on the activities of the entire Velvet CARE Group. For the first time, we report together with MORACELL, and for the first time selected indicators have been externally audited.
We invite you to read!
In October 2023, we joined the global B Corp community. The certification confirms that Velvet CARE meets a number of rigorous standards in 5 main areas such as: environment, workers, community, customers and governance.
Being a member of this community is also a commitment to pursue business goals with society and planet in mind.
The B Corp status applies to the entire Velvet CARE Group, including Czech subsidiary Moracell.
Velvet CARE’s commitment to society, the environment and sustainable development is confirmed by the Gold Medal received in the EcoVadis rating for 2023.
This achievement means that Velvet CARE is among the top 5% of organizations globally that were subject to this evaluation this year.
The EcoVadis assessment covers 21 sustainability criteria in four main thematic areas: environment, labor and human rights, ethics and sustainable procurement.
environmental policy, meeting the principles of responsibility and care for the environment, operating in compliance with the highest standards attested by environmental certificates
relations with suppliers, customers, business partners, the observance of employee rights, occupational health and safety guidelines, product quality standards, company information policy and its transparency
the structure of the Management Board, respecting shareholders’ rights, reporting and information obligations, internal control system, policies and procedures (purchasing policy, anti-corruption policy, line of ethics, code of ethical conduct, etc.)
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