Committed suppliers
Within the manufacturing contract there is a section referring to the ethical principles of the manufacturer and its commitment with regards to the Global Compact Initiative. With the signature of the contract the other party commits to follow the 10 principles of Global Compact while developing their business activities. The Global Compact includes areas to improve: Human Rights, Environment, Labour conditions and the fight against corruption.
Compliance
The compliance with regards to all regulations and legislations from The Animals Observatory operating markets is guaranteed with a special focus on the safety of children’s clothing. All clothing pieces pass two safety tests with (KC) - KATRI and AITEX organizations. There are three sources of information to guarantee legal compliance; Firstly, The Animals Observatory has the law firm Roca Junyent overseeing all the regulations and identifying possible pitfalls. Secondly, one of the Cluster from Acció focus on clothing industry, and finally The Animals Observatory is member of the Asociación Española de Productos para la Infancia (ASEPRI).
Business collaboration
The Animals Observatory has shared a list of topics with a non-direct competitor to find possible areas for collaboration and transmission of knowledge and good practices.
Financial transparency
Between the management team and the investment group there is total transparency with regards to operations, KPIs, documentation, business issues, etc. Besides the 4 meetings with the board of directors, the property participates monthly in a meeting with the general manager to keep track of everything. Moreover, if needed, shareholders can access all internal folders to check any information.
Transparency with stakeholders
Financial information such as budgets or accounting statements are sent to banks and suppliers proactively to improve their internal knowledge of The Animals Observatory. This increase in financial transparency has led to greater confidence in The Animals Observatory among financial institutions.
Fair competition
Using The Animals Observatory legal services, all possible conflicts with new collections like usage of protected trademarks, debatable designs, etc... are prevented from being launched.