Page 8 - Interloop Sustainability Report 2019

FROM THE CHAIRMAN

Climate change, increasing GHG Today, Interloop is considered a consumption, energy consumption,
emissions, non-availability of clean responsible partner by top brands GHG emissions and effluent waste.
water, lack of education, rising and retailors world-wise because Our next five year targets will cover
inequalities, poverty and hunger are our foremost priority since inception Inteloop’s all business functions,
severe challenges faced by humanity has been to support the society and demonstrating our commitment to
at present. Business operations the environment along with providing further reduce our environmental
worldwide are being reviewed in a quality products and service to footprint and play our part in preserving
wider context, driving the companies to our customers. Our sustainability a greener mother earth for future
follow sustainable practices, manage philosophy is practiced in all our generations.
their impacts and deliver solutions for business decisions and our people
global challenges. targets 2021 encompassing, building Despite unfavourable economic and
a diverse & empowered workforce, market conditions, primarily impacted
At Interloop, we believe that transforming lives, and improving by deteriorating macro-economic
Sustainability, being a key pillar of our well-being augment delivering a indicators, higher interest rates and
mission, is vital for effecting our role as positive impact on our people and increased inflationary pressures during
a leading player in hosiery business in communities. We have been able the year the company has been We believe transparency is vital for on which the impacts of our initiatives
the global supply chain. Our mission to transform lives of thousands of able to achieve its financial targets. winning the trust of our stakeholders. is being measured and reported,
“to be an agent of positive change for households and enabled many more Interloop Limited was listed on the To further our commitment of pursuing based on our targets. This report also
the stakeholders and community by live more fulfilling and healthier lives by Pakistan Stock Exchange (PSX) in sustainable business, we adopted the links our activities to these SDGs and
pursuing an ethical and sustainable investing PKR 1.08 billion in multiple April 2019 which was the largest IPO world’s most widely used sustainability demonstrates our valuable contribution
business” drives our strategy to deliver social initiatives in education, health, by any private company in Pakistan’s reporting standards this year, “GRI to the world.
shared value for our stakeholders. women empowerment, sports and history. Currently, Interloop is the Standards” along with Sustainability
We are a purpose driven organization literary activities since 2016. largest listed textile company on PSX Accounting Standards Board’s Your input is vital for our success and
pursuing ethical practices in our by market capitalization and the 6th “Apparel, Accessories, Footwear guidance to deliver shared value to our
business activities and our relationships Managing environmental impact of our largest exporting firm of Pakistan. We Standard” for our Sustainability Report all stakeholders.
with our stakeholders. business and preserving and improving continued to play an important part in to better communicate our impacts
our communities form an important the economic growth of Pakistan by
Our reason for existence is to be an part of our sustainability philosophy. providing employment opportunities, and contributions towards the goal of
Agent of Positive Change. To pursue Interloop has defined environmental earning foreign exchange, paying all sustainable development.
this, we follow a Triple Bottom Line targets for its hosiery business and applicable taxes, engaging multiple Although we are impacting several of
Sustainability Philosophy, comprising performance against targets 2021 vendors for buying raw materials as the UNDP’s Sustainable Development
People, Planet & Prosperity, i.e., have resulted in efficient management well as other services, and by investing Goals, we have specified 9 SDGs either
expanding our business focus on the of resources and decreased in the community. relevant to our business or high priority Musadaq Zulqarnain
financial bottom line as well as on the environmental impact over the year, by areas for social and environmental uplift Chairman
social and environmental aspects. reducing the relative volume of water

6 Interloop Limited Sustainability Report 2019 7