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Global Compact International Yearbook Ausgabe 2013

The UN Global Compact is the world’s leading platform for corporate sustainability. In describing the future aims of the Global Compact, UN Secretary-General H.E. Ban Ki-moon says: “A growing number of business in all regions recognize the importance of reflecting environmental, social, and economic considerations in their operations and strategies. Now the challenge is to move from incremental process to transformation – in society and markets alike.” The new 2013 edition of the Global Compact International Yearbook offers proactive and in-depth information on key sustainability issues and focuses on recent developments of stakeholder management such as managing corporate legitimacy, for example. Concomitant to this is the call for a more holistic reporting of companies’ financial and nonfinancial performance, which is expressed in the idea of integrated reporting. Furthermore, this edition highlights the connection between the sustainable development of African societies and the ways of managing and governing their natural wealth. The newest developments concerning the move toward a low-carbon economy are shown in the chapter on climate change, which emphasizes the importance of reducing the output of greenhouse gases. Corresponding to the idea of mutual learning, the Global Compact International Yearbook includes 43 good practices of corporate participants that showcase different approaches to the implementation of the Ten Principles of the Global Compact. The Global Compact International Yearbook is a product of the macondo media group and United Nation Publications in cooperation with the Global Compact Office in support of the UN Global Compact and the global advancement of corporate sustainability. It contains 196 pages.

The UN Global Compact is the world’s leading platform for corporate sustainability. In describing the future aims of the Global Compact, UN Secretary-General H.E. Ban Ki-moon says: “A growing number of business in all regions recognize the importance of reflecting environmental, social, and economic considerations in their operations and strategies. Now the challenge is to move from incremental process to transformation – in society and markets alike.”

The new 2013 edition of the Global Compact International Yearbook offers proactive and in-depth information on key sustainability issues and focuses on recent developments of stakeholder management such as managing corporate legitimacy, for example. Concomitant to this is the call for a more holistic reporting of companies’ financial and nonfinancial performance, which is expressed in the idea of integrated reporting. Furthermore, this edition highlights the connection between the sustainable development of African societies and the ways of managing and governing their natural wealth. The newest developments concerning the move toward a low-carbon economy are shown in the chapter on climate change, which emphasizes the importance of reducing the output of greenhouse gases.

Corresponding to the idea of mutual learning, the Global Compact International Yearbook includes 43 good practices of corporate participants that showcase different approaches to the implementation of the Ten Principles of the Global Compact. The Global Compact International Yearbook is a product of the macondo media group and United Nation Publications in cooperation with the Global Compact Office in support of the UN Global Compact and the global advancement of corporate sustainability. It contains 196 pages.

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Good Practice<br />

Labour Standards<br />

Above: Saga Furs label not only for the<br />

beauty of the fur, but also the promise<br />

of transparency contained in the brand.<br />

Left: Saga Furs Design Centre offers<br />

a prime example of how the company<br />

promotes responsible use of fur<br />

without compromising creativity.<br />

In the 2012 - <strong>2013</strong> auction season, all<br />

Finnraccoon pelts sold by Saga Furs came<br />

from certified farms. The company aims<br />

for the same objective for fox pelts in<br />

the following season. Efforts to extend<br />

Farm Certification have progressed to the<br />

point where well over 90 percent of fox<br />

production in Finland and 60 percent of<br />

mink breeding takes place on certified<br />

farms. In addition, the system has been<br />

exported to other European countries<br />

where the company sources pelts.<br />

Saga Furs, via ProFur, also works closely<br />

with Finnish and international agencies<br />

to reduce the impact of fur farming on<br />

the environment. Studies show the carbon<br />

footprint of a mink or fox pelt used for<br />

clothing is rather small when compared<br />

to the carbon footprint of other habitual<br />

consumption items. The company intends<br />

to reduce the footprint even further, with<br />

one means being the introduction of<br />

sustainable energy sources to farms.<br />

As a member of the Baltic Sea Action<br />

Group, Saga Furs helps reduce acidification<br />

and nutrient emissions that cause<br />

eutrophication in bodies of water – two<br />

factors that may be caused by the seepage<br />

of animal waste. The use of underutilized<br />

sea species for making feed is one<br />

factor that helps balance the ecology.<br />

The fishing of feed species reconditions<br />

water systems by significantly reducing<br />

volumes of phosphorus and nitrogen<br />

in the Baltic to deter eutrophication.<br />

Another practical measure is the use of<br />

newly developed technology that allows<br />

precise feeding of individual animals,<br />

thereby reducing their waste.<br />

Openness and action from farm to<br />

fashion<br />

As an auction house, Saga Furs holds a<br />

pivotal position between the sources of<br />

its product and the fashion industry. In<br />

its essence, fur is a natural, sustainable<br />

product, but the company takes extra<br />

steps to guide auction buyers and their<br />

manufacturing customers toward sustainable,<br />

transparent processes. Saga Furs Design<br />

Centre offers a prime example of how<br />

the company promotes responsible use<br />

of fur without compromising creativity.<br />

“The Design Centre is a steward of European<br />

craftsmanship and innovation in<br />

the realm of fur. In addition to being the<br />

world’s think-tank for developing new<br />

applications for the material, it is also<br />

a training ground for a new generation<br />

of furriers, designers, and consumers,”<br />

says Head of Product Development Per<br />

Reinkilde.<br />

The majority of designers are there to find<br />

inspiration while learning the basics of the<br />

craft and refining their skills. Reinkilde<br />

notes that visitors are also briefed on<br />

sustainable processes that should be employed<br />

when creating fur designs. Consumers<br />

who visit learn about the four<br />

sustainability principles of fur: use, store<br />

properly, renew, and recycle. Since doors<br />

to the Design Centre opened in 1988, more<br />

than 30,000 persons have visited.<br />

The company may also act as matchmaker,<br />

as many clothing companies and<br />

designers who visit the Design Centre<br />

do not have the equipment needed to<br />

make fur garments for their collections.<br />

When these situations arise, Saga Furs<br />

is in a position to recommend trusted<br />

dressing companies and manufacturers<br />

whose transparent policies toward<br />

employees, the environment, and social<br />

responsibility match those of Saga Furs.<br />

Day-to-day routines often lead to ideas<br />

linked to sustainability. The Design Centre<br />

is working with a dressing company<br />

that has achieved preliminary success<br />

in developing alternative, “green” techniques<br />

for dressing furs. The dresser<br />

and Saga Furs have engaged several researchers<br />

in a project aimed at finding<br />

eco-friendly, plant-based alternatives to<br />

replace chemicals in dressing processes.<br />

As it looks toward tomorrow, Saga Furs<br />

is in the process of expanding the values<br />

of transparency, both internally and<br />

through its sphere of influence among<br />

partners. Years ago, the company had<br />

freely chosen to do so in a global community<br />

that now leaves us with no other<br />

responsible choice.<br />

SAGA FURS IN BRIEF<br />

Saga Furs is the world’s only<br />

publicly-listed fur auction house.<br />

The company sells Saga Furs®<br />

Mink, Fox, and Finnraccoon at<br />

four annual auctions to buyers<br />

from around the world. It was<br />

the first company of its kind to<br />

have a CSR policy and to join<br />

the UN <strong>Global</strong> <strong>Compact</strong>.<br />

Saga Furs Design Centre is the<br />

R&D department, where new<br />

applications for fur are innovated.<br />

To help designers – and ultimately<br />

auction customers – the Design<br />

Centre hosts seminars, where<br />

visitors learn furrier techniques<br />

and find the expertise needed to<br />

realize their creative ambitions.<br />

<strong>Global</strong> <strong>Compact</strong> <strong>International</strong> <strong>Yearbook</strong> <strong>2013</strong> 105

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