Our values and the requirements of our operating environment such as national and international legislation steer our corporate social responsibility work. We strive to be trustworthy: an ethical approach to business and to the society is a matter of honor for us.
In 2019, we chose to anchor our corporate social responsibility work in the United Nation’s (UN) internationally known 17 Sustainable Development Goals (SDGs). We support progress on all 17 sustainable development goals both in Finland and abroad, but we have identified the following two goals as the most important ones for our business operations: 12 – Responsible consumption and production and 13 – Climate action.
These two sustainable development goals represent our strategic CSR themes, towards which we strive to contribute through our CSR targets that will be defined in 2020 following a broad materiality analysis and stakeholder consultations. With these measures we can finalize our corporate social responsibility program, which will provide us with a roadmap for further progress in the years to come.
We are a member of amfori’s Business Social Compliance Initiative (BSCI), which was established in 2003 in order to provide companies with a responsible and effective system to improve compliance in social standards in transnational supply chains. The BSCI initiative originated in the textile industry but has since expanded to cover a much broader range of industries.
Transmeri has been a BSCI Participant since 2017 and one of our brands in Ibero already a bit longer, since 2015. With the help of the BSCI network we aim to manage our supply chain and ensure that internationally recognized labor rights are enforced.
At Transmeri we always strive to ensure the availability of our products to our customers as a responsible business partner. At the same time, we aim to achieve this standard as sustainably as possible. Worldwide for instance food waste is still a significant problem in the path of sustainable development, and in Finland an estimated 10-15% of edible food ends up in the trash.
We work hard to minimize food and other wastage from our operations. Our primary means of doing this is to continually improve our practices to predict product sales and to optimize our order volumes. We use a variety of design and optimization solutions to facilitate sales forecasting, supply chain management, campaign planning as well as space, inventory and assortment management.
However, despite all these tools and methods sales forecasting has its limitations and, especially due to external influences (such as weather dependent seasonal variations, trends, etc.), it is almost impossible to eliminate wastage entirely simply by forecasting sales. Sometimes we may unfortunately encounter situations where a fully usable product runs the risk of remaining in storage and eventually being disposed of unused. Such situations may occur for instance if a product has been over-ordered, a product is exiting the trade selection, a product batch has a deviation in its packaging label that differs from the standards, or if the packaging is incorrect due to a packaging reform. In such situations, we rely on the outlets available to us to try to ensure that the products are not wasted.
For example, we collaborate with both domestic and international actors in our field of operations specialized in the sale of clearance and salvage items to bring products available to the market at a discounted price. Occasionally, we also have the opportunity to donate usable items to charity.