Care for people
Corporate Citizenship
Our visionOur corporate culture, described in the Dream, constantly draws our attention to a sense of responsibility towards the needs of the community, in particular towards young people and the inclusion of vulnerable people in the world of work.
We fulfil that responsibility through the projects of our Corporate Citizenship Programme, which provides for the active engagement of Teddy collaborators, in addition to donations to charitable organizations both in Italy and abroad, in order to help those who are more in need, mainly young people and children. We encourage volunteering experiences of groups of collaborators within different charitable organizations, which we support also from a material point of view by donating scraps of fabric or semi-finished products from our sewing workshop.
Those projects are carried out also thanks to the close and constant listening of the recipients, in order to understand the real impact of our actions. We nurture long and deeply-rooted relations but at the same time we establish new ones as to expand the number of recipients benefitting from donations.
In addition to that, a substantial part of Teddy profits goes to Gigi Tadei Foundation. The aim of the Foundation is to cherish, develop and make it always contemporary the special dedication Vittorio and Luigi Tadei had for young people and those more in need, by supporting charity organizations in Italy and all over the world.
Our efforts are mainly dedicated to:
- make our skills available to charitable organizations as to help them to become independent in the economic management of their activities;
- integrate vulnerable people within our production system in order to help them to have their place back in society and to guarantee them a future, supporting them through training and mentoring at work;
- participate in the Italian Colletta Alimentare (Food Drive) by both going to the supermarkets to help food collection and organizing it at our Italian corporate headquarters.
We allocated funds to support charitable organizations, in particular:
- More than € 270K donated to support no-profit organizations operating in the fields of education and social inclusion;
- 908 hours of volunteering paid by the company and 388 collaborators working at corporate headquarters and in the stores involved in projects and campaigns designed to help those more in need.
In the next years we plan to:
- increase the number of collaborators involved in volunteering activities;
- submit a report on the effects of our donations according to the monitoring system developed in 2022.
Growth and wellbeing of collaborators
Our visionEach person, above all when more vulnerable, must be given the opportunity to live their life to the full through a safe, inclusive and collaborative workplace, whose “glue” is trust and individual value.
We act every day in order to promote an informal and stimulating work environment that can foster direct and honest relations and allow people to find personal fulfilment through work, with a positive impact on their private, bringing stability and well-being even to the families of our collaborators and to the area they live in. Inside Teddy we take care of people, not just guaranteeing the application of high safety and health standards but also being with them in their everyday life.
We launched or strengthened several initiatives, including:
- the development of professional growth plans for over 200 positions inside Teddy;
- the development of the ability to adjust to changes in order to guarantee the company to last further 500 years, thanks to our corporate business school “Teddy 500”;
- payment of extra performance bonuses to collaborators for the considerable efforts made during COVID pandemic;
- extended opening hours for our corporate nursery located in Rimini corporate headquarters, starting from school year 2020/2021, in order to promote a better work-life balance;
- introduction of flexible working hours at our Rimini corporate headquarters.
We achieved important goals, including:
- 28% of collaborators awarded an internal promotion;
- investments in professional training resulting in a total number of 650 employees trained on diverse skills throughout the year, +40% compared to 2021;
- introduction of new welfare services, thanks to the funds allocated through the national call “Conciliamo” by the Italian government, including: newborn allowance, vouchers for afterschool activities and summer camps, company concierge service.
The next steps will include:
- increasing the satisfaction of workers according to the results of the surveys on work climate, with the goal of 60% of workers satisfied with their job to be reached by 2026;
- extending further the pool of workers accessing training.
We made the standards of our production chain increasingly stricter:
We pushed ahead on our journey to improve our production chain:
A more sustainable production and distribution chain
Our visionTeddy “grew up” together with its collaborators and business partners, with the people we regard as the focus of our actions and whom we must protect, as they are the true drivers of the value we can generate.
It is a compelling priority to us to guarantee a safe, fair and environmental-friendly workplace to all those working in the factories of our suppliers.
Those efforts require us to think about our social and environmental impact and how we can make a positive change in the communities we operate in, taking into account our dimensions and operational possibilities.
We have long implemented regular procedures to monitor, assess and improve the social performances of our suppliers in order to guarantee more sustainable and ethical working conditions.
Our Code of Conduct sets the principles regulating our operations and the relations with our business partners in a clear and transparent way. Furthermore, we are actively engaged in important initiatives promoting a sustainable fashion system.
In order to follow up, we plan to:
We made the standards of our production chain increasingly stricter:
We pushed ahead on our journey to improve our production chain:
In order to follow up, we plan to: