Profit with Purpose: Building Impactful Businesses
Profit with Purpose:
Building Impactful
Businesses
Continuing the legacy of inclusiveness and sharing blessings: a tradition laid by Haggar's founders and strengthened by three generations of leadership
The approach of HAGGAR Group to Sustainability & ESG is based on the belief that our businesses have responsibilities to society that extend beyond their obligations to stockholders and making a profit.
There needs to be a balance between the need to be profitable, the impact the different businesses have on the societies in which they operate, and the people whom they employ directly and indirectly.
At Haggar, Corporate Sustainability & Social Impact (CSI) is at the heart of our operations, reflecting our commitment to the environment, the society and good governance. Sustainability and ESG principles are integrated into every facet of our business practices, demonstrating our commitment to the environment, society, and good governance.
"If we are to survive and leave a worthy legacy for generations to come, we must generate profits in a way that simultaneously improves the lives of the community and protects the environment. Profit is our means to an end, but never the end in itself; our end is to positively impact the lives, families, communities, and environment we touch every day."
Anthony A. Haggar
Sustainability Core Principles
Under the Vision of "Let's work together in peace and harmony to build up new businesses that will be of benefit to us and most importantly to the countries and people we chose to invest in and work amongst", Haggar's Group has adopted 7 Core Principles.
By integrating these principles into every aspect of our business, we strive to create a positive, lasting impact on society while ensuring transparency, accountability, and continuous improvement
Organizational
Governance
Fair Operation
Practices
Human
Rights
Labour
Practices
Consumer Issues
Community Involvement
& Development
The Environment
Haggar Group tracks its carbon footprint annually, following the Greenhouse Gas Protocol, and refined its process with an internal tool in 2019. Emissions from Scope 1, 2, and 3 are monitored, and a carbon tax of $10 per tonne was introduced in 2020 to fund climate initiatives, research, and environmental grants.
CO2 EMISSIONS
Sustainable Development Goals help our CSI department assesses which direction the aspired positive impact should be directed towards; as well as guide the core business functions in aligning investments with the international development agenda and the company's future sustainability strategy and inform stakeholders.
sustainable development goals
The Complete Returns metric, introduced by Haggar's CEO in 2019, combines financial performance (ROE) with ESG performance (Sustainability Index), focusing on Haggar's contribution to the UN SDGs. The metric is weighted 70% for financial performance and 30% for ESG, reported quarterly to guide strategy and inform stakeholders.
the complete returns
CSI NEWSLETTER
Issue 24
Issue 25
