Transparency and accountability.
We hold ourselves and our partners accountable for managing risks and opportunities. We work closely with our stakeholders to accelerate our efforts through the lens of ESG.
Communication as a change maker
A commitment to transparency and good corporate governance supports our climate targets. We’re continually evolving to meet expectations and priorities and develop new strategies with our stakeholders by encouraging honest conversations. We perform a thorough materiality assessment to identify, prioritize and address issues across the company and Eclat’s sustainability strategy.
The materiality review is a company-wide effort. We coordinate with all our departments and collaborate with stakeholders to develop workable solutions and accelerate our sustainability efforts. The assessment takes place every three years to ensure we prioritize the issues that can significantly impact our business and governance, communities and the environment, and the most pressing concerns of our stakeholders.
Materiality analysis
The materiality matrix below is according to the degree of importance to our stakeholders and business impact. Some of the issues are interconnected. They can often impact each other and should not be viewed in isolation.
|
Major
|
|
|
|
|
|---|---|---|---|---|
|
Significant
|
|
|
|
|
|
Moderate
|
|
|
|
|
|
Negligible
|
||||
|
|
Negligible | Moderate | Significant | Major |
- Governance
- Legal compliance
- Employee salary and benefits policy
- Innovative products and technologies
- Workplace safety and health
- Energy and greenhouse gas management
- Water resource management
- Product quality and production efficiency
- Risk and crisis management
- Sustainable supplier chain
- Climate change strategy
- Labour relations
- Economic performance
- Information security and privacy protection
- Labor policy and human rights protection
- Customer communication and complaint management
- Waste management
- Biodiversity
- Circular fashion
- Sustainable marketing and brand image
- Raw material purchase
- Education training and talent development
- Community engagement and social engagement
Corporate Governance
Eclat’s Board of Directors supervises risk management policies to identify and analyze risks, compliance, and quotas. We periodically review these policies to reflect market conditions and changes in our operations. We also diversify our management strategies to spread risks and opportunities across different areas.
We aggressively respond to climate change risks and opportunities. Our Risk Management Policy identifies six major risks and opportunities in our operations. Eclat also provides training and management guidelines to ensure employees understand their roles and obligations.
ESG Committee
Eclat formed its ESG Committee in 2017. The committee serves as a communication platform, decision-making center, and driving force across departments for the company’s sustainable management responsibilities. Its core duties include:
- Establishing a sustainability policy.
- Planning, executing, and reviewing ESG-related initiatives.
- Assessing corporate sustainability goals, strategies, and actions, while monitoring their progress.
- Addressing topics of concern to stakeholders such as shareholders, customers, suppliers, employees, government, non-profit organizations, community, and media, while overseeing communication plans.
- Compiling the ESG report.
- Periodically reporting the current year’s results and the strategy for the following year to the board of directors.
Eclat organization charts
More information
Learn more about our efforts
