US: Timberland alters frequency of CSR reporting
Outdoor apparel and footwear firm The Timberland Company has announced several changes to its public reporting of corporate social responsibility (CSR).
The company, which has traditionally reported its CSR performance in an annual report format, is moving to quarterly updates of key CSR metrics.
In addition, its full CSR reports will be produced every two years, with the 2007-2008 corporate CSR report scheduled for release in spring 2009.
A company statement explained: "Developing a full CSR report is a time-intensive process, generally taking about nine months - and allowing little time for investments in process improvements, development of data infrastructure, testing new mediums and other innovations necessary in effective CSR reporting.
"As a consequence, Timberland has decided to move to a two-year cycle for publishing full CSR reports".
It said that the obvious drawback to a two-year reporting cycle is decreased communication between a company and its stakeholders, but that to counterbalance the two-year reporting structure it would release an online "dashboard" of performance metrics quarterly.
Alex Hausman, Timberland's CSR reporting manager, said: "We believe in the adage, 'what gets measured gets managed.'
"Quarterly reporting will strengthen our communication with stakeholders, and also drive progress internally against our CSR initiatives."
Timberland's quarterly CSR "dashboard" will contain performance metrics for four areas - energy, product, workplaces and service with targets set out to 2015.
As part of its CSR strategy, Timberland is bidding to become carbon neutral by 2010 and to use fair, safe and non-discriminatory workplaces.
Help test our new apparel sourcing tool.
Beth Holzman, manager of corporate social responsibility strategy and reporting at Timberland, speaks with Ben Cooper about how the company’s CSR strategy brings not only intrinsic environmental and s...
Hong Kong-based sourcing giant Li & Fung Limited has bought German apparel supplier Miles Fashion Group for US$51m, in a move that expands its business both in Europe and in value-priced products....
Apparel maker Phillips-Van Heusen Corporation is enhancing its supply chain management capabilities with a product lifecycle management (PLM) system to support its worldwide sourcing operations....
Nike, Levi Strauss and Timberland have formed part of a coalition demanding strong climate and energy legislation in the US next year under the tenure of president-elect Barack Obama....
An increase in earnings and revenues from its Calvin Klein business helped Phillips-Van Heusen Corporation to a better-than-expected third quarter, but the apparel maker has lowered its fourth quarter...
Savile Row fashion house Hardy Amies Plc has been sold to Fung Capital Europe, the private investment arm of Hong Kong sourcing giant Li & Fung, for an undisclosed sum....
Apparel and footwear maker The Timberland Company has posted an 18.5% jump in third quarter profit, helped by strong sales of its Timberland PRO and SmartWool brands, but warned that weaker consumer s...
Sao Paulo Alpargatas is poised to become the largest footwear and textile company in South and Latin America after its acquisition of a majority stake in Alpargatas Argentina was approved....
- What TTIP might mean for US, EU textiles & apparel
- Four steps to reduce product defects
- Unlocks for the future fashion sourcing landscape
- Geo-political uncertainty and how to survive it
- Adidas raises the bar for North America sales
- H&M, VF Corp and Levi among most ethical companies
- US Q4 in brief – J Crew, Perry Ellis
- Sears has "substantial doubt" of future
- Vietnam limits hazardous chemicals in apparel
- PVH Corp to acquire e-commerce retailer True&Co
- Central and East Europe Report Package
- Central America strategic sourcing review - a focus on Guatemala, El Salvador and Honduras
- When Things Go Wrong - A Practical Guide to Managing Common Problems in Apparel Sourcing
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Outdoor performance apparel 2016: A broader perspective