Founded in the 2010, Marika Vera is a global business designing & selling high quality lingerie, harneses, accesories, sleepwear, activewear, loungewear and including Ready to Wear.
Our distribution methods remain the same as in previous years; we sell our products through two main channels; our own shops and website, wholesale both in store and on line. From time to time we also expand our offer through a range of product collaboration projects.
Today, clients expect greater transparency and accountability from companies. We want to share in more detail how Marika Vera operates, the commitments we have made as a company, and how we collaborate with civil society and with other brands on sustainability issues.
This report is a first insight into who we are and how we operate. It is a platform for a different kind of engagement, both internally — with our employees — and externally, with our costumers.
From the start, Marika Vera brand was conceived with the philosophy to empower women all around the world, to make them explore and feel comfortable with their erotic identity, and to encourage a sex positive view from the feminine and sensual perspective.
Marika Vera’s performance is always measured by brand equity. Everything we do is aimed at protecting and enhancing the long-term value of the brand, independently of short-term financial results and/or market constraints. Looking at long-term brand equity is how we measure our success and how we make decisions.
We believe we have a responsibility to maintain the conditions that allow creation to thrive, so we give it the potential to be a positive force for change in the world, and to contribute to transforming lives and societies.
With the adoption of the UN SDGs in 2015, we recognize that best practice means linking project-level impacts to material sustainable- development goals and local indicators. We have defined a method for devising relevant and appropriate projects at raw-material origin. Our ambition is to set the trend in terms of corporate accountability for sustainable development in these areas and to share our approach with others.
OTHER RAW MATERIALS
Where we don’t fully control other raw materials we use in our products, we follow another strategy, which includes the following elements:
• Traceability: We try to trace the structure and composition of the supply chain to as close to the material’s origin as is possible.
• Audits: We assess and monitor the actual and potential risks and impacts on the welfare of humans, animals, and natural ecosystems.
• Remediation: We set up programs to remediate local environmental and social impacts wherever possible through long-term cooperation with suppliers and local communities.
The objectives of such initiatives focus on increasing traceability, and ensuring fair and sustainable conditions for production . This helps communities and governments build a legal framework and achieve acceptable standards.
Addressing the impact of man-made climate change is one of the most pressing challenges facing the world and a significant threat to all businesses. To counter this threat, our global economy must quickly and radically decarbonize.
As one of the central pillars of our climate strategy, we have committed to making a gradual transition to using only green power in our direct operations, including manufacturing sites, distribution centers, offices.
We are aware of the actual and potential human-rights impacts generated throughout our value chain. We are engaged in an ongoing process of human-rights due diligence, progressively taking steps to identify, prioritize, and address salient issues. In our supply base, we recognize our responsibility to make investment and purchasing decisions that support the highest standards in conformity with our corporate policies, and choose to work only with those suppliers who engage with us in this.
Our approach to working with suppliers is governed by our responsible-sourcing policy. Based on relevant international obligations and principles from the United Nations and the International Labour Organization (ILO), this policy sets out our expectations and requirements regarding issues related to labor and human rights, the environment, and anticorruption. Since 2016, we have asked all our suppliers to commit to applying our policy’s principles. The policy is updated to take into account regulatory changes and will be introduced across all activities and regions over the course of 2018. We provide guidance on applying the policy through annual supplier meetings, and through support from trained professionals on our procurement teams.
Our relations with our suppliers has always been driven by the wish to build long-term partnerships. From this perspective, our commitment is not only to ensure they meet our standards, but also to help them improve their way of working and adopt sustainable practices. We consider them to be an integral part of our value chain, and we want them to have the same long-term vision of value creation.