esquel group annual report esquel group annual report

Regulatory filings Do you think this impacts the way the group is . USE THE COUPON CODE AT THE CART OR CHECKOUT PAGE. The jury of the Awards praised Integral for its efforts to minimize impact on the natural surroundings and context and believed that the quality of Integrals internal working environment has set a high industry standard. Here are some pointers for a good annual report design: Use headings and subheadings. That ruling remains pending. But Yang says making a difference is as key as making profits. Learning comes from doing. Esquel Group (Chinese: ) is a Hong Kong-based textile and apparel manufacturer. The ideas of environmental management, industrial ecology and ecological footprint have been proposed to allow for a meticulous look to the products that we manufacture and use, with emphasis on measuring the ecological impacts in hopes of reducing them. On Thursday, Esquel said since the subsidiary ended up on the blacklist, the company "lost a significant portion of its annual revenue totalling hundreds of millions of dollars" that has. That ruling remains pending. Esquel Group Careers and Employment About the company Founded 1978 Industry Manufacturing Esquel Group website Learn more Questions and answers People have asked 2 questions about working at Esquel Group. Our Reports. Among the initiatives introduced to benefit its supplier community, for instance, is a micro-financing programme for cotton farmers in the Xinjiang region of China. Speaking at this years Innovation and Technology Symposium organised by the Hong Kong Research Institute of Textiles and Apparel (HKRITA), Tung explained that when dealing with sustainability it is important to look at the entire supply chain rather than just one part, as well as considering both the social and environmental impacts. When Esquel started tracking its energy and water consumption back in 2005, there was no industrial benchmark to follow, so it set out its own reference point based on the unit consumption it takes to produce one piece of garment. Esquel harnesses technology to transform its operations and commercialize its innovations. The team has looked through the material and are very happy with the data you pulled together. With annual sales of US$1.3bn last year, Esquel manufactures over 100 million garments annually for leading brands including Marks & Spencer, Ralph Lauren, Tommy Hilfiger and NIKE. Looking to the future, however, is when the companyreally raises the bar on sustainability. (business & personal). Teams of colleagues competed in the Fai Chun Writing Contest, which allowed them to unleash their creativity and strengthen their bonding in between. Esquel directly employs around 55,000 people across the world but, adding in their family members, the company estimates between 100,000 and 200,000 people areimpacted by its actions. At its largest manufacturing site at Gaoming in Chinas Guangdong province, we are constantly increasing the net take-home pay of our workers, but at the same time were reducing the working hours. Data Sources: The third panel invited long-time business leaders to share their experiences and insights regarding the role of corporations during these times of. It is the world's largest woven shirt maker, producing about 100 million shirts annually. Koggala factory garment workers during a work stoppage in November 2021, Statement on the closure of two Sri Lankan factories amid severe financial crisis. In this one-hour discussion, Marjorie shared how we leverage our integrated supply chain to advance our vision of Making A Difference. Esquel Group recruited more than 150 college graduates, having engineering background, to the mangineer programme in 2015. This button displays the currently selected search type. TRANSINVEST Construction fait partie des leaders du BTP Maurice et sur Rodrigues. Boston Consulting Group estimates that more than $22 trillion worth of goods flow across the world every year, a figure expected to reach almost $35 trillion by the end of the decade. LinkedIn and 3rd parties use essential and non-essential cookies to provide, secure, analyze and improve our Services, and to show you relevant ads (including professional and job ads) on and off LinkedIn. To make the data easily digestible, we created a range of visual icons in a minimalistic illustration style to represent the respective data points. So proud to be an ex Esqualler . Esquel Group is one of the few large textile manufacturing groups to do so. Esquel Group's Post . The vertical marketing tool is very helpful, for it assists us in that venue, as well as targeting customers competition for new salesThe comprehensive material is absolutely fabulous. Colleagues showed their talents through stunning performances. digitGaps provide you the detailed information on major recent deals. Thanks for the opportunity for us to showcase our Esquel story. Otto Group Annual Report 2018/19. Financial Year 2021-22. Copyright 2023 Civic Exchange. Set in the scenic landscape of Guilin, Integral is our Sustainable Development Garden that showcased our commitment to sustainability. By way of explanation, he sets out some alarming numbers. [11], Most of the company's manufacturing facilities are in China. Our challenge was to create an interactive, engaging; yet easily digestible website layout that could hold an extensive amount of information & data on one platform. Company share by region and sector, and company structure Phone: 852-2811-8077Fax: 852-2960-6988Address: 25 Harbour Rd., Harbour Center, Fl. Management Team: Names, Profiles, Information on key personnel managing the business, heading key departments and function with their employment history and executive biographies The Clothing Manufacturer Service. The Esquel Group is one of the worlds largest shirt manufacturers with a huge domestic market in China. Esquel Group's supply chain was first linked to Xinjiang in a May 2019 Wall Street Journal report. #Esquel#MakingADifference#Lunarnewyear2023, How should a firm go beyond financial measures to create a more environmentally sustainable and socially responsible future? Between the quality and affordability of your product, its appeal to and value for our users, and the inestimably ethical and loyalty-guaranteeing conduct of your business, I will always have more than sufficient praises to sing for Plunkett Research. The more I get into the database, the happier I am that well have itREALLY happy!!! Entering a new mode of production was challenging, but I felt driven to excel in it, Ms. Tang said. It's a great pleasure for us to join the Green Textiles, Innovation and Technology Forum and Exhibition today. As a knowledge-based innovation company, we believe our employees are our greatest assets. Ces valeurs sont T ransparence, E xcellence et R entabilit. Financial Reports. Founded in 1978, Esquel was privately owned by the Yang family and had become one of the world's largest cotton-based textile and apparel manufacturing companies, producing more than 100 million shirts annually since 2012. Integral was also selected as a finalist for the Special Architectural Award (Architectural Sustainability Category). This button displays the currently selected search type. Esquel Group has an estimated 201 employees and an estimated annual revenue o. We are especially trying to push Plunkett since all of our students have to do so much industry research and your interface is so easy to use. SDG 6: Ensure availability and sustainable management of water and sanitation for all. This means investing in the growth of each individual by empowering our workforce with the appropriate skills, tools, and a modern workplace experience, while also prioritizing the safety and wellbeing of our employees and their families. The farms supply spinning, dyeing and knitting facilities that produce high-quality cotton fabric. It is our honor to have received the "Top 10 Happiest Company to Work for Award" and the "CHO People Transformation Award" in the #CHOAppreciationAwards2022. Keep the text short and simple. Brand Strategy Brand Identity Storytelling Animation Illustration Website Design & Development. View full 2021 Annual Report. The company also has a collection of plant-based natural dye products that reduce chemical usage by 60%, water by 43%, and steam by 41%, it says. fThe privately-owned company was one of the leading cotton apparel and textile manufacturers in the world The company employed 47,000 people and manufactured 60 million shirts a year. What are the stages of the supply chain (value system) in which Esuqel operates (see Exhibit 5) What are the top 1 or 2 competencies would you need in each to be successful? With 57,000 employees across the globe and state-of-the-art production facilities in China, Malaysia, Mauritius, Sri Lanka and Vietnam, Esquel manufactures over 100 million . Founded in 1978, Esquel Group has pursued growth over the years in line with its vision of Making a Difference, which guides its development toward two goals - tackling climate change and narrowing the wealth gap. The traditional retail price is usually marked up four to eight times at the consumer level, so assuming a shirt sells at a retail price of US$140, the true cost of $25 includes manufacturing, raw materials, labour, duties and transportation, logistics. Once purchased, digitGaps client support team will deliver the report in PDF format. Esquel Group is one of the world's leading producers of premium cotton shirts, with production facilities in China, Malaysia, Vietnam, Mauritius, and Sri Lanka, and a network of branches servicing key markets worldwide. Liked by Edgar Tung. This simple annual report template includes instructional text to assist you in building a good report. [2] Esquel supplies textile to companies such as Li Ning, ANTA Sports, Fila, Giordano, Muji. Against this backdrop, the Hong Kong-based textile and apparel giant has made it its mission to weave sustainability into its core values, and across a vertical supply chain that spans every step from cotton farming, through spinning, weaving and knitting, to apparel making, accessories and packaging, retail and distribution. Its products include cotton, yarn, cotton yarn dyed woven fabric, and knit fabric such as piece dyed, yarn dyed, and heather. digtiGaps 2018. Request Custom Company Research Report Here: https://digitgaps.com/custom-research/. The company also has its own retail brands PYE and Determinant. PDF. But crucially, the company is also moving the goalposts on the traditional way of thinking about issues such as labour costs. 5 to Part 744 - Procedures for End-User Review Committee Entity List and 'Military End User' (MEU) List Decisions", "Hong Kong shirtmaker Esquel Group resumes lawsuit in bid to remove Xinjiang unit from US forced-labour sanctions list", "Why A Chinese Clothes Maker Rejects Cheap Labor And Goes Green", https://en.wikipedia.org/w/index.php?title=Esquel_Group&oldid=1124103049, Articles containing Chinese-language text, Articles containing traditional Chinese-language text, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 27 November 2022, at 10:03. Information on new product development/services as well as marketing and distribution strategies, 4.2 Esquel Group Limited SWOT Analysis profile will help you gain knowledge upon: Sign up for a free account. Otto Group Annual Report 2019/20. Registered in the State ofDelaware. Founded in 1978, Esquel Group has grown to become one of the largest cotton-shirt maker and exporter in the world. To view this article you need a PDF viewer such as Adobe Reader . Lets kick start our work at full strength! No credit card required. The geographic presence in different regions can act as one of the major strength of the organisation. Esquel Group | 13,195 followers on LinkedIn. Annual report (Red and Black design) Use this annual report template to create a report for your business. Congrats Margie to you and your Esquel team, and to Ronald as well! At Esquel, we prioritize investment in the growth and well-being of our employees. Detailed intelligence on Competition: Insights on key competitors #Esquel #makingadifference. Esquel Group. While there are hundreds of freely available sources of business information, the quality and completeness of this information vary, and it is often difficult and time-consuming to pull together information from these sources. I am very impressed, I have to say! Elton PD001--1463 Founded in 1978, Esquel Group has pursued growth over the years in line with its vision of Making a Difference, which guides its development toward two goals - tackling climate change and narrowing the wealth gap. Esquel also bases its sustainability strategy on four different pillars namely people, planet, product and community overseen by a Sustainability Council set up five years ago. digitGaps report on Esquel Group Limited delivers a detailed in-depth and comprehensive insights of the company, its history, corporate strategy, its businesses and structures, and company operations by examining its performance in local market and global economy. You will get an exact picture of companys core strengths and weaknesses. Backed by over 40 years of experience, each business group adheres to our net zero pledge, and our commitment to our vision of Making a Difference through tackling climate change and narrowing the wealth gap. The concept of sustainability has become more familiar in Hong Kong but the discussion of how organisations can become more sustainable in terms of economic, environmental and social performance is still at an early stage. {{ userNotificationState.getAlertCount('bell') }}. Select Accept to consent or Reject to decline non-essential cookies for this use. Esquel is investing more than CNY2bn (US$313.9m) on building a new spinning mill and garment manufacturing facility at picturesque Guilin in Guangxi province, which is due to begin operation next year. Colleagues showed their talents through stunning performances. Thank you to all who joined us in celebrating the Chinese New Year. They report that some major employers in the sector are already refusing to hire former Esquel workers affiliated with the Free Trade Zones & General Service Employees Union (FTZ & GSEU). Project Coordinator Social Alliance Communications Consultancy . Apart from quarterly updates, all our reports are updated prior to delivery. Few companies have taken that sentiment to heart more than the Esquel Group, a vertically integrated multi-national textile manufacturing company based in Hong Kong. TER, un acronyme d'actualit quand nos consciences nous appellent prserver la . It will enhance your understanding of internal and external factors which might impact your industry Sustainability Pays Dividends Importance of 'Soft' Technology for China. The approximately 2,000 workers at these facilities also face unsure futures as both leases run out by end of this year. Responsible Labor Report: 2022-2023 Franco Corrado, Jessica Gordon, Xavier Haranger, Katelyn Hilferty, Sabine Konrad, Todd Liao, K Lesli Ligorner, Sandra Moser, David Plotinsky, Carl Valenstein,. Accounting Mini-series. Lets go the extra mile with a year full of celebrations and breakthroughs for Esquel. Over the course of the past 10 years weve managed to reduce the energy consumption by 45% per piece of garment produced; and reduced the water consumption overall by 64%.. Esquel (Mauritius) Ltd has a manpower of 2710 comprising of both local and foreign employees from Bangladesh, Madagascar, Nepalese, Sri Lankans, Malaysians and Indian. The numbers show why. Journalist coverage / News stories The next thing we are doing with these cotton farmers is teaching them online banking, so instead of giving them cash when they sell us the cotton, we are transferring the money online.. Looking for a "Syndicated, Qualitative or Quantitative Market Research Solution? Offering the education necessary to elevate these skills is also something Esquel has taken on board. We are also engaging with external academic institutions and trying to sponsor our workers and supervisors to go for diploma education so the amount of our workforce who are better educated has now improved significantly.. All our reports come with 10% customization at no extra cost [12], Its operations in China like the rest of the textile industry in China have faced the constant pressure of rising labor costs and stricter environmental regulation. The carbon footprint analyses of our proprietary assets and the EU Taxonomy disclosures have been incorporated in the Annual Report as of this year. 4. million verified professionals across 35 million companies. Esquel manufactures mor..See More, How to Use Plunkett Research Online-12 Minutes, By Using this Site You Agree to these Terms of Use. Otto Group Annual Report 2021/22. Michael Oppenheim, Collections & Reference Services, UCLA. We typically pull content from a variety of sources including: We are not trying to drive purely the input, we are trying to measure the output in order to create a workforce that is more sustainable.. It provides us with an overall analysis of the market, key statistics, and overviews of the major players in the industry in an online service that is fast, easy to navigate, and reliable. WASHINGTON July 6, 2021 Today, Esquel Group, the Hong Kong-based textile and apparel manufacturer, has filed a lawsuit in the United States District Court for the District of Columbia seeking relief from the economic and reputational harms caused by the placement of its subsidiary, Changji Esquel Textile Co. Ltd., on the U.S. Purchase this report to inform your strategy, marketing, planning, sales and competitor intelligence functions, thus enabling you to formulate strategies that augment your business. This is essentially improving the quality of employment; people nowadays talk about a work-life balance, they dont want to work on a factory floor all the time. Another initiative to train up workers with the necessary skills to deal with the future manufacturing model has been to set up a virtual university called Esquel University. #Esquel #MakingADifference #lunarnewyear2023, We are the true agent of change. Challenges and threats from current competition and future prospects so that you can understand your competitors business structure and strategies and respond to them One year down the road this app has been used 16,936 times and has saved over 128,000 km travelled, 12,871 litres of gas and 29.6 tons of carbon dioxide emissions. This button displays the currently selected search type. Director, Derby Entrepreneurship Center @Tufts | Corporate Innovation Consultant | Keynote Speaker and Author, Senior Business Consultant at Organicoguru Lanka (Pvt) Ltd. Congratulations ! The financial ratios available in our reports also include revenue trends, growth, profitability, margins, and returns, financial position, liquidity and leverage and efficiency ratios Overview of key events: Company evolution including company history and key event 2002 Research Report Measuring Sustainability: A Snapshot of a Hong Kong Company - the Esquel Group By 3 June 2002 The concept of sustainability has become more familiar in Hong Kong but the discussion of how organisations can become more sustainable in terms of economic, environmental and social performance is still at an early stage. Great team work & great achievements. Were looking at the education level of our supervisors as a KPI that we need to constantly improve. This is the model were trying to aim for: were going to use less people, were going to use people who are better educated, were going to have zero discharge, and were going to use a lot of automation and data to try to create value., Apparel sourcing and textile industry news & analysis, Inflation hits Vietnams apparel, footwear sectors as China reopens, Two years post-military coup: Myanmar garment sector battles instability, poverty, Can the EU garment sector survive the energy crisis challenge, Kelheim Fibres, Recycling Atelier Augsburg team to drive green fibre development, AAFA, IAF sign MoU for industry collaboration, Texworld sourcing show heads to Los Angeles, ETI backs IndustriALL framework for responsible Myanmar exit, Higg Brand & Retail Module revamped to accelerate industry green transition, Modern Meadow, Singtex team on sustainably developed outdoor wear, Australian PE firm Anchorage Capital acquires David Jones from Woolworths, Global Fashion Group exits Russia following Lamoda sale, Leading digital transformation software providers for the apparel industry, Leading artificial intelligence (AI) companies for the apparel industry, Leading cloud computing companies for the apparel industry, second greenest textile supply chain in China, Delivery Innovation in Apparel - Thematic Research, Wearable Technology in Apparel - Thematic Research, Strategic Focus Report Communications & Collaboration, Strategic Focus Report: Communications & Collaboration, The Hong Kong Research Institute of Textiles and Apparel Limited, Inflation hits Vietnam's apparel, footwear sectors as China reopens, Top opportunities for manufacturers in the fashion industry today. The firms vertically integrated operation starts in China where it oversees cotton farms. Legal Structure and Ownership: Synopsis on companys shareholders outlining the legal structure and ownership Esquel Group May 2014 - Aug 2014 4 months. Analyst research 13Hong Kong, Hong Kong 999077 Hong Kong. digitGaps company research reports are written by our qualified research team, a dedicated group of analysts who knows the industry inside and out.