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    THG   GB00BMTV7393

THG PLC

(THG)
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THG : Strengthening our supply chain and circularity

10/13/2021 | 08:42am EST

Our Goals

Ethical Supply Chain Protect human rights and work to eliminate modern slavery in our supply chain
Circularity Transform all of our waste into resources for our value chain.

Our Targets

Ethical Supply Chain Implement a progressive Human Rights policy. By 2023
Ethical Supply Chain All suppliers to commit to THG's ethical sourcing standards. By 2025
Circularity 100% of own brand packaging to be recyclable, reusable or compostable. By 2025
Circularity Zero waste to landfill from our own operations. By 2030
Circularity To recycle more plastic than we produce. By 2030
Circularity 70% of packaging from third party brands to be recyclable, reusable or compostable. By 2030

These goals relate to the following SDGs:

We are strengthening the sustainability of our supply chain, ensuring that every supplier we work with upholds ethical working practices. We review our Modern Slavery Statement annually. You can read it here. The statement details the steps we take to assess and prevent, to the extent possible, slavery and human trafficking occurring in any part of our business or supply chains.

Our commitment to ethical trading is demonstrated not only through our Anti-Slavery Policy but also by our membership of Sedex, one of the world's leading ethical trade membership organisations. Through Sedex, we engage with our suppliers to review and audit their environmental and ethical performance, ensuring that responsible practices are being upheld throughout our supply chain.

When it comes to protecting the future of our business and our planet, we cannot afford to waste any time, money or resources. We are on a mission to transform all of our waste into resources for our value chain, make 100% of own brand packaging recyclable, reusable or compostable by 2025, and have zero waste to landfill by 2030.

We have already been reducing the amount of plastic we use, and increased our in-house recycling capabilities through THG/recycling. As a member of the UK's Plastic Pact, we will continue to support innovation and encourage our customers and suppliers to reduce their landfill waste and support a circular economy.

Disclaimer

THG Holdings plc published this content on 12 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 October 2021 12:41:14 UTC.


© Publicnow 2021
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Sales 2021 2 207 M 2 933 M 2 933 M
Net income 2021 -93,0 M -124 M -124 M
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Number of Analysts 13
Last Close Price 185,00 GBX
Average target price 554,67 GBX
Spread / Average Target 200%
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Matthew John Moulding Executive Chairman & Chief Executive Officer
John Andrew Gallemore Chief Financial Officer & Director
Schalk van der Merwe Chief Technology Officer
Dominic Patrick Murphy Independent Non-Executive Director
Zillah Ellen Byng-Thorne Senior Independent Director
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