Page 11 - InterloopLimitedSR2020

MESSAGE FROM THE CHAIRMAN

COVID-19 pandemic, being the since inception, our topmost priority efficient management of water and sustainability reporting standards “GRI
greatest challenge during 2020, has has always been to support the energy consumption, effluent waste, Standards” along with “Sustainability
been a disaster beyond anything society and the environment along and reduced GHG emissions. The Accounting Standards Boards”
experienced in nearly a century, and with providing quality products sustainability practices to reduce the “Apparel, Accessories, and Footwear
has evolved into a global health & and services to our customers, environmental impact of our other Standard” to better communicate our
economic crisis, disrupting the lives consistently. We follow a Triple business segments are in line with impacts and contributions towards
of millions of people and severely Bottom Line Sustainability Philosophy, prevailing best practices. Our next five the goal of sustainable development.
affecting the $90 trillion global focusing on People, Planet & years’ targets will cover all business Although our business practices
economy due to global lockdowns. It Prosperity. segments of Interloop Limited, for and sustainability initiatives impact
has changed the way we live and do efficient management and greater several of the UNDP’s Sustainable
business - A New Normal! Coupled Our People Targets 2021 drive our reduction of the environmental Development Goals, our report
with prevailing challenges of poverty approach to ensure health and impacts. manifests our alignment and
and hunger, rising inequalities, climate safety of our people, nurturing talent, contribution to 9 SDGs which are either
change, and non-availability of clean and improving the well-being of Tough economic & market conditions, more relevant to our business or are
water, the pandemic has not only put our workforce and communities. escalated by a halt in production high priority areas for our social and
enormous pressure on the companies We continued our strategy of facilities and disruption in the supply environmental uplift focus. We plan to
to ensure business continuity but supporting our people and the chain on account of COVID-19 embed these SDGs into our strategies
has also raised expectations from communities, especially in the wake pandemic, year 2020 has been very for even greater contribution and
them, for playing yet a bigger role in of the COVID-19 pandemic, despite challenging for Interloop, resulting impact.
managing global challenges. challenges in profitability this year, in reduced sales and profitability.
owing to global lockdowns. We have However, our teams across all Your input is vital for our success and
At Interloop, our sustainability been able to transform the lives of categories have worked diligently guidance to deliver shared value to all
strategy to deliver shared value for thousands of households and enabled to manage their businesses during our stakeholders.
our stakeholders and our role as a many more live fulfilling and healthier this uncertainty. We are witnessing
leading player in hosiery business lives by investing PKR 1.50 billion in a resurgence in the business with
in the global supply chain is guided community-based initiatives including a strong outlook for Hosiery and
by our Mission, “to be an agent of education, health, sports and literary improvement in the Denim, Knitwear
positive change for the stakeholders activities, over the last decade. and Seamless categories. Though
and community by pursuing an ethical watchful of the expected second wave
and sustainable business”. Being Our focus on conserving the of the pandemic, we are confident to Musadaq Zulqarnain
a purpose-driven organization, our environment, and safeguarding the perform better in these difficult and Chairman
foremost priority is business continuity, health & safety of our communities uncertain economic conditions.
with responsible and ethical practices underscores our sustainability
in our commercial activities and our approach. The performance against Transparency drives stakeholders’
relationships with our stakeholders. our Planet Targets 2021, which trust and is vital for our existence as
were mainly defined for our hosiery a responsible corporate entity. We
Today, Interloop is considered a business, has resulted in reducing the follow the world’s most widely used
responsible partner by top brands environmental footprint of our hosiery
and retailers worldwide, because function over the years, through

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