Saitex International Dong Nai (VN) Co., Ltd
Đồng Nai, Vietnam
June 2019
Apparel
Manufacturing
Hong Kong S.A.R.,
Vietnam
SAITEX in on the path to change perceptions of how dirty the fashion industry can be. With the use of processes that are gentle to the planet and its people, they believe they have been given a tool that should benefit all and do no harm. They strive to not only reduce their impact but also bring real benefit to the environment and communities. While all their garments are made with clean and alternative energy resources. They also uphold internationally recognized labor standards, providing its associates with living wages, ensuring ethical, respectful working conditions, and employing sustainable production methods. With their social entrepreneurship project named Rekut, they want to champion diversity and inclusion in Vietnam to inspire others to follow. The one of a kind production line provides training and employment to differently able people who produce upcycled apparels, accessories, and home furnishing. With their new fabric mill in Vietnam, with interesting partnerships with cotton farmers and their first semi automated factory in Los Angeles along with their Vietnam facilities transforms Saitex into a vertical entity. SAITEX commits to achieving a circular economy throughout the supply chain.
Overall B Impact Score
Governance 7.8
Governance evaluates a company's overall mission, engagement around its social/environmental impact, ethics, and transparency. This section also evaluates the ability of a company to protect their mission and formally consider stakeholders in decision making through their corporate structure (e.g. benefit corporation) or corporate governing documents.
What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.
Governance 7.8
Governance evaluates a company's overall mission, engagement around its social/environmental impact, ethics, and transparency. This section also evaluates the ability of a company to protect their mission and formally consider stakeholders in decision making through their corporate structure (e.g. benefit corporation) or corporate governing documents.
What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.
Workers 17.5
Workers evaluates a company’s contributions to its employees’ financial security, health & safety, wellness, career development, and engagement & satisfaction. In addition, this section recognizes business models designed to benefit workers, such as companies that are at least 40% owned by non-executive employees and those that have workforce development programs to support individuals with barriers to employment.
Community 22.9
Community evaluates a company’s engagement with and impact on the communities in which it operates, hires from, and sources from. Topics include diversity, equity & inclusion, economic impact, civic engagement, charitable giving, and supply chain management. In addition, this section recognizes business models that are designed to address specific community-oriented problems, such as poverty alleviation through fair trade sourcing or distribution via microenterprises, producer cooperative models, locally focused economic development, and formal charitable giving commitments.
Environment 57.2
Environment evaluates a company’s overall environmental management practices as well as its impact on the air, climate, water, land, and biodiversity. This includes the direct impact of a company’s operations and, when applicable its supply chain and distribution channels. This section also recognizes companies with environmentally innovative production processes and those that sell products or services that have a positive environmental impact. Some examples might include products and services that create renewable energy, reduce consumption or waste, conserve land or wildlife, provide less toxic alternatives to the market, or educate people about environmental problems.
What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.