Giving Compass' Take:
- Samsonite shares the state of its environmental, social, and governance (ESG) journey and how effective stakeholder engagement helps shape this strategy.
- What are the ways that donors can get involved in ESG strategies? What does success look like for corporations embarking on these journies?
- Read more on what sustainable investing look like during COVID-19?
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In March, Samsonite announced "Our Responsible Journey," a new global sustainability strategy that outlines its commitments across four priority areas: Product Innovation; Carbon Action; Thriving Supply Chain; and Our People, including engagement, development, diversity and inclusion.
Samsonite is proud of its 110-year history of industry leadership in the innovation, quality and durability of its products. With Our Responsible Journey, Samsonite strives to lead the lifestyle bag and travel luggage industry across key sustainability indicators, including the use of recycled materials in its products and packaging and achieving carbon neutrality across its owned and operated facilities.
With strong support from the entire senior management team and especially from Samsonite CEO Kyle Gendreau, the company has embarked on this journey to make sustainability a key tenet of its brand promise. The goal is to keep the world traveling while staying true to Samsonite’s long-standing ethos, the "Golden Rule," which guides how we treat each other and care for the world we live in.
Samsonite first disclosed the state of its environmental, social and governance (ESG) journey with the publication of its first ESG report in 2016, a requirement for the company’s listing on the Hong Kong Stock Exchange. When I joined as the company’s first global director of sustainability in December 2017, I was tasked with developing a global ESG strategy that would include attainable goals and the action plans that would enable the company to demonstrate continuous improvement and progress toward achieving those goals. We report our progress annually in Samsonite’s ESG report.
Read the full article about ESG strategy by Christine Riley Miller at GreenBiz.