At TAF, we are cognizant of the key risks and challenges embedded in the Supply Chain of our Textiles business. These pertain to challenges posed by climate change, ethical business, labour management and responsible procurement of raw materials. While there are challenges, there are also significant opportunities of establishing responsible business relationships with our suppliers.
We follow good practices of marketing communications viz., ICC code of conduct and other voluntary or mandatory advertising guidelines issued by local authorities. Incidents of non-compliance with regulations and voluntary codes concerning marketing communications, advertising, promotion and sponsorship continue to be nil in the reporting period. As a part of compliance, if a certain product is banned in region, we do not sell that product in that region and this compliance is an important element of OEKO-TEX certification.
Further, we also performed life cycle analysis of two of our products – RadianzaTM and DurashineTM to evaluate final garment’s environmental impact. We presented the result of life cycle analysis to our global customers, so that our customers can make conscious decision. Key highlights of life cycle analysis is given below:
