Page 93 - Vaculug Sustainable Report 2022

SUSTAINABILITY REPORTING OAND DISCLOSURE
ur sustainability strategy, which we developed in 2022, serves as our company’s new North Star. It will guide our business decisions and lead us towards becoming a more responsible and prosperous business
for the future.Engaging, educating, and informing our stakeholders about our sustainability goals, and more importantly our progress, is a vital step on this journey.
With the publication of our first Sustainability Report, published in September 2022, we became the world’s first retreader to publicly disclose a sustainability practices.
In addition to informing our stakeholders about our progress, our Sustainability Report also serves
to hold us to account on our commitments on
this journey. Sharing our journey of sustainable transformation doesn’t simply begin and end with our Sustainability Reports. Guided by our sustainable thinking culture, over the past year we have made a concerted effort to engage our community about the environmental, social, and economic issues facing our industry. One example of sustainable thinking in action is seen in the sustainability focused articles, which are authored and shared by our Chairman monthly on social media (see Appendix 3 for articles published in 2022). Additionally, our employees
and leadership team are actively participating in sustainability-focused events throughout the year.
As a purpose-driven entity, we are wholeheartedly committed to addressing the many environmental, social, and economic challenges facing our world today. We believe that with every challenge comes an opportunity to innovate, to improve and to move us towards achieving our goals.
More than words, however, we hope
our Sustainability Reports serve as
a call to action and an open letter
of sorts to share our sustainable thinking and inspire cross-industry collaboration in our pursuit to create a better world.
THE WAY FORWARD
We are inspired by the passion, dedication and motivation of our people who have contributed to the success of our business for the past 70 years, and who are committed to building it for the future.
Since we embarked on this journey of sustainable transformation together with our stakeholders, we have made great progress. We are proud of our efforts so far, but we know there is still a lot more work to be done.
The UN’s recent report on the Progress towards the Sustainable Development Goals paints a
stark picture. The report states that as of 2023,
many of the SDGs are moderately to severely off track of being achieved by the end of this decade1. The report offers five urgent recommendations for member states to implement; but states alone will not get there. It requires the collective will, resources, innovative thinking and ingenuity of industries and businesses (big and small) to make a meaningful impact. No doubt the call to action is great; but the threat of in-action is even greater.
Despite the challenges we remain optimistic about the future, and we are motivated to continue to work towards the goals we have set out in support of the global sustainable development movement.
We are passionate about our vision to create a better world, and by growing a responsible and prosperous business at Vaculug, we know we are well on our way toward realizing this vision. We invite our stakeholders to join us as we continue to navigate the best way forward, together.
As SDG 17 (Partnerships for the Goals) suggests, we value our partnerships and we are encouraged by the progress we are making together on this journey. And while we are proud of our collective efforts so far,
we know this is only the beginning. More than ever, we are motivated to keep going and to lead the way forward for our industy.
1Source: https://sdgs.un.org/sites/default/files/202304/SDG_ Progress_Report_Special_Edition_2023_ADVANCE_UNEDITED_ VERSION.pdf, accessed May 2023.
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