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Whether facilitating greater transparency, publishing a Code of Ethics, increasing the cadence of monitoring and reporting, or aligning with global affiliate organizations to drive awareness industry-wide, having open and honest communications will allow for greater corporate accountability and governance. Not only will we introduce our Sustainability Roadmap to communicate our commitment, maintain accountability and follow-up on its progress, we will endeavor to enact other objectives towards greater transparency, like mapping 90% of Tier 1, 2 and 3 suppliers by 2022.
This pillar demands excellence in design, materials, technology and supply chain, accounting for the most pollutants and waste produced from product to packaging. By enacting better purchasing decisions and evolving sourcing and procurement, we plan to develop longevity programs aimed at product care and repair by 2022, and ensure 100% traceability of all leather back to farms, with 75% of leather purchased from certified tanneries by 2025. We will also strive to ensure 95% of raw materials are traceable to farm level by 2025, among other actionable goals to help minimize harm to the environment.
Since Bally’s founding in 1851, the brand has been a leader in supporting creative minds and diverse communities through the Bally Foundation and Bally Crafting Futures respectively. Bally will continue to strengthen its people, culture and core values through collective entrepreneurship, meaningfulness and high performance (together, the “Bally Way”), by establishing the Bally Peak Outlook Foundation in 2020, committed to preserving extreme mountain environments, and sponsoring critical cleanups of the base camps of Mount Everest and seven 8,000m peaks in the Himalayan region over the course of two years, by 2022. Our ultimate goal is to create a virtuous business model benefiting all: communities, customers, employees and the environment.
Building on our history of innovation, from processes to materials and design, Bally’s future depends on its ability to accelerate change, and find unique and unprecedented solutions that can bring distant goals within reach, like introducing a fully circular product to the market (2025), reducing single-use plastics in B2B and B2C product packaging by 30% (2025), and by 100% (2030) and founding Bally’s Center of Excellence for education, research and development in sustainability (2022).
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