Page 16 - Vaculug Sustainable Report 2022

the iMPoRtance of PuRPose- dRiVen LeadeRshiP
• Being purpose-led is defined
as an organisation that places
its organisational purpose at the core of everything it does and how it operates; using purpose as the compass to guide decision-making and deliver wider stakeholder value.
• A study by EY and Oxford University’s Saïd Business School revealed that businesses that transform their organisations by putting people at the centre are 2.6 times more likely to succeed.
• Another study, by B Corp in the UK, highlighted that mission-led business are more likely to reduce the burden of the cost of living crisis for their employees, suppliers and local
Our sustainability strategy outlines specific goals and targets that we are committed to achieving in the coming years. Thanks to our purpose driven leadership team, and the longstanding relationships we have formed with our suppliers and customers over the years - we are committed to achieving the goals we have set out for the next three years.
UNITED NATIONS GLOBAL COMPACT
Since Vaculug joined the United Nations Global Compact in August 2019, which offers leadership guidelines envisaged to inspire advanced and innovative Sustainability Performance Management for business community, Vaculug continued to enhance its management capacity for the creation and maintenance of sustainable values.
Every year, the United Nations Global Compact proposes a series of initiatives to provide support in the definition of strategies and partnerships
for the pursuit of Sustainable Development Goals launched in September 2015 in New York with the aim of accompanying the activities of sustainable
companies until 2030: The present Report reflects the integrated Sustainability model adopted by Vaculug in 2022 which is following the Ten Principles of the United Nations Global Compact (here in after “UNGC”).
Ten Principles
of the UNGC are the following:
HUMAN RIGHTS
Principle 1: states that Businesses should support and respect the protection of internationally proclaimed human rights;
Principle 2: requires Businesses to ensure that they are not complicit in human rights abuses.
Principle 3: Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining;
Principle 4: the elimination of all forms of forced and compulsory labour;
Principle 5: the effective abolition of child labour;
Principle 6: the elimination of discrimination in respect of employment and occupation.
Principle 7: Businesses should support a precautionary approach to environmental challenges;
Principle 8: requires Businesses to undertake initiatives to promote greater environmental responsibility;
Principle 9: encourage the development and diffusion of environmentally friendly technologies.
Principle 10: Businesses should take part in fight against corruption in all its forms, including extortion and bribery.
The above-mentioned principles are derived from: the Universal Declaration of Human Rights, the international Labour Organization’s Declaration on Fundamental Principles and Rights at Work, the Rio Declaration on Environment and Development, and the United Nations Convention against Corruption.
The foundations of corporate sustainability are laid by a company’s value system and a principles-based approach to doing business. We adopt operating standards that, at a minimum, meet fundamental responsibilities in the areas of human rights, labour, environment and anti-corruption. By incorporating the Principles of the UNGC into strategies, policies and procedures, and establishing a culture of integrity Vaculug is not only upholding its basic responsibilities to people and planet, but also
setting the stage for long-term success.
SUSTAINABILITY IN MOTION 2022 16