Munich, 21st July 2022. Westwing is now a proud participant of the UN Global Compact (UNGC). This underpins the company’s commitment to pursue a more sustainable future as underlined in its first Sustainability Report.
The UN Global Compact
Sustainable and responsible corporate governance is an increasingly important aspect for future-oriented companies like Westwing. As a special initiative of the UN Secretary-General, the United Nations Global Compact is a call to companies everywhere to align their operations and strategies with Ten Principles on human rights, labor, environment, anti-corruption and contribute to the achievement of the Sustainable Development Goals (SDGs).
Westwing as a participant of the UNGC
With more than 15,000 companies and 3,800 non-business signatories based in over 160 countries, and 69 Local Networks, the UN Global Compact is the world’s largest corporate sustainability initiative. By joining the UNGC, Westwing joins this extensive network of companies committed to a more sustainable future and will be able to provide its customers the opportunity to track how it implements and promotes the Ten Principles of the UN Global Compact through an annual report to be published on Westwing’s company website.
Joining the UNGC is an important step towards fulfilling the commitments made in the company’s Sustainability Strategy of creating the best workplace and ensuring that its suppliers act on sustainability. “Our 2030 Sustainability Strategy is perfectly aligned with the principles and the mission of the United Nations Global Compact (UNGC). We expect that our participation in what is one of the world’s largest corporate sustainability initiatives, will help us in furthering our work in the areas of human rights, labor and environment and support the 2030 Agenda for Sustainable Development,” says Erasmia Kitou, Head of Corporate Sustainability.
The participation will provide Westwing with the opportunity to:
- Set in motion changes to business operations so that the UN Global Compact and its Ten Principles become part of its strategy, culture and day-to-day operations;
- Publicly advocate the UN Global Compact and its principles via various communications vehicles; and
- Communicate with its stakeholders on an annual basis about progress in implementing the Ten Principles and efforts to support societal priorities.
The participation will also provide Westwing with access to the necessary tools, trainings and stakeholder networks to stay abreast of new developments in these important sustainability areas. It will also enable Westwing to take strategic actions to advance broader societal goals with an emphasis on collaboration and innovation.
About Westwing Westwing is the European leader in inspiration-based Home and Living eCommerce with EUR 522 million of revenue in 2021. Through its ‘shoppable magazine’, Westwing inspires its loyal Home Enthusiast customers with a curated product selection and combines that with gorgeous content. With unparalleled loyalty, Westwing is generating more than 80% of orders from repeat customers. Westwing’s mission is: To inspire and make every home a beautiful home. The company was founded in 2011 and is headquartered in Munich. Westwing went public on the Frankfurt Stock Exchange in October 2018 and is active in eleven European countries.