We have published an Environmental, Social and Governance Report since 2016 and continue to share our progress on an annual basis.
You will also find our statement on Modern Slavery in this section.
We have a shared set of values and principles that govern our behavior and actions. With strong support from our Board and our entire Senior Management Team, they are clearly communicated throughout our business, articulated in our policies, and demonstrated in our practices.
Wherever in the world they are, our people know what is expected of them.
We expect all our employees to behave ethically and comply with our Samsonite Code of Conduct. This clearly sets out our values and commitment to ethical standards and legal compliance.
We have a duty to respect the human rights of the people who work for us, and of the workers in our supply chain across the world.
We provide the opportunity for everyone who works for us to report suspected breaches of the Employee Code of Conduct, via an anonymous confidential hotline and website reporting service.
The Samsonite Ethical Charter is our supplier code of conduct and sets out the minimum standards and acceptable business practices that we expect from our Tier 1 finished goods suppliers. All our finished goods suppliers must comply with it and must also certify that materials used in the making of our products comply with all applicable environmental and social laws.
To ensure that our suppliers continue to comply with our sourcing requirements, we conduct regular audits – either ourselves or through an accredited third party. In 2022 we audited 172 Tier 1 finished goods suppliers.
Whereas an auditor will rarely visit a factory more than once a year, members of our Quality Assurance team might visit a factory several times a week. They perform quarterly checks at both Tier 1 and Tier 2 factories for key risks including fire hazards, poor building construction and dangerous electrical wiring.
We are committed to maintaining high standards of corporate governance and recognize that sound corporate governance practices are fundamental to the effective and transparent operation of our company. More information about our approach to corporate governance can be found in the Corporate Governance Report section of our Annual Report.