Annual report (Red and Black design) Use this annual report template to create a report for your business. When we are looking at sustainability the first thing that comes to mind is people, Tung added perhaps not surprisingly given that the business employs around 55,000 workers globally, 40,000 of them in its garment manufacturing sites in China, Malaysia, Mauritius, Sri Lanka and Vietnam. 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. Esquel Group sues US over unit's inclusion on 'entity list', as company Entity List. The numbers show why. Civic Exchange Aims Organizations create impacts at various. Esquel Group | LinkedIn NN Group published 2021 Annual Report Esquel's Commitment to Xinjiang As a knowledge-based innovation company, Esquel Group operates through our distinct business groups. Esquel is a knowledge-based innovation company that continuously pushes for positive change in the textile and apparel business,. 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. All rights reserved. Esquel Group's supply chain was first linked to Xinjiang in a May 2019 Wall Street Journal report. Esquel offered its clients 1000 different fabrics annually The company made a substantial investment in innovations, to create new designs and fabric. SWOT Analysis: Company information detailing strengths, weaknesses, opportunities, threats, growth strategies, investments signal key strategic targets, challenges, and objectives TER, un acronyme d'actualit quand nos consciences nous appellent prserver la . An annual report is a document that contains comprehensive financial information about public companies, small and large corporations, non-profit organizations, partnerships, and other businesses. Esquel Group - WeSuperseed digitGaps company research reports are written by our qualified research team, a dedicated group of analysts who knows the industry inside and out. Integral was also selected as a finalist for the Special Architectural Award (Architectural Sustainability Category). Esquel Group Limited manufactures textiles and apparel. Plunkett Research Online is an excellent resourcethe database contains a wealth of useful data on sectors and companies, which is easy to search and well presented. Offering the education necessary to elevate these skills is also something Esquel has taken on board. The team has looked through the material and are very happy with the data you pulled together. Esquel Group - SourceWatch Looking For Custom Company Research Report? Esquel Group Limited was founded in 1978 and is based in Wanchai, Hong Kong. This report provides a case study of The Esquel Group (EG), a prominent, Hong Kong-based textiles and garments manufacturer. Margie Yang on LinkedIn: More good news | 19 comments Esquel Group information 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. So if you can use less time, generate higher output, we are going to give you more money. Over the past 1.5 years, we have tried to negotiate in good faith for an agreement to ensure fair compensation and a re-employment plan with both Esquel and their buyers, who continued to profit while workers suffer, saysAnton Marcus, Joint Secretary, Free Trade Zones & General Services Employees Union. Jul 06, 2021, 12:00 ET. [3], Its head office is in Harbour Centre[zh] (), Wan Chai. Understanding the companys business segment expansion or their asset divestment Financial Year 2021-22. In-depth analysis performed to produce this report will give you a clear and unbiased view of the companys strategy and growth prospects. 5,53 MB. 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. To make the data easily digestible, we created a range of visual icons in a minimalistic illustration style to represent the respective data points. But what we are trying to do is link the productivity improvement with the net take-home pay of our workers. #Esquel #integral #makingadifference #greentextiles #innovation #technology, Our annual dinner in Hong Kong was successfully held last Saturday. Esquel Group, garment supplier to Tommy Hilfiger and Nike, says it's #Esquel #MakingADifference #lunarnewyear2023, We are the true agent of change. Key personnel information with biographies [12] This strategy was noted by the South China Morning Post as different from some other competitors which sought to diversify operations by moving to other countries with lower labor costs.[2]. Esquel Group on LinkedIn: #esquel #makingadifference #45thanniversary # 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.. 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. #reusablepackaging #sustainability #plasticwaste #food, Director (Legal Recruitment) at Okumura Partners Limited. Right from company SWOT analysis, financial insights to merger and acquisitions/deals details are available in our single report Ideally, readers should be able to scan through the document and get the information they need. If your company is interested in trying this out - please reach out! digitGaps company research reports are the succinct summary of companies detailing their strategic direction, SWOT analysis, information on the companys key employees, profiles of key personnels, key competitors, products, and services, as well as detailed financial ratios for the last 5 years which is brief but comprehensive. Founded in 1978, Esquel Group has grown to become one of the largest cotton-shirt maker and exporter in the world. Even so, Ms. Tang stayed focused on her vision. United States District Court for the District of Columbia, "100m shirts and counting: Textile maker Esquel embraces technology to cut costs and protect the environment", "This Clothing Company Has Close Ties To Xinjiang, Where Forced Labor Is Rampant", "How the Esquel Group unexpectedly ended up all in the family", "Subsidiary of world's largest shirtmaker put on U.S. blacklist over Xinjiang ties", "Commerce Department Adds Eleven Chinese Entities Implicated in Human Rights Abuses in Xinjiang to the Entity List", "Esquel Group sues US over subsidiary's inclusion on 'entity list', "Nike's former supplier Esquel Group scores a rare win in a bid to remove Xinjiang unit from US forced-labour sanctions list", "15 CFR Appendix Supplement No. Esquel Group - Wikipedia In 2005, Esquel's internal supply chain had covered all the main steps in the garment-manufacturing process, from cotton farming to manufacturing final garments and accessories. 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. STANFORD CASE STUDY (ESQUEL GROUP) 1. 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. The Esquel Group, a Hong Kong -based textile and a pparel manufacturer, sued the US Department of Commerce to secure relief from the "economic and reputational harms" caused by the listing, but a US federal judge refused to lift the trade restrictions. I hope to see it one day when it is safe to travel again. Once purchased, digitGaps client support team will deliver the report in PDF format. Deals mentioned in our company research report will help you understand corporate strategy from the companys core business segment perspective Annual Report View In PDF DIGITAL VERSION. Esquel Group's goal is to. 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. Secondary / Desk Research You can update your choices at any time in your settings. Gain access to more than 1 million monopolized company profiles on a single platform Otto Group Annual Report 2019/20. Esquel Group: Contact Details and Business Profile Apart from quarterly updates, all our reports are updated prior to delivery. Registered in the State ofDelaware. See the answers, explore popular topics and discover unique insights from Esquel Group employees. Company Overview. Esquel is currently transforming its operations from the conventional methods by adopting lean manufacturing principles. China, European Union, United Kingdom, USA . #Esquel #makingadifference. Were looking at the education level of our supervisors as a KPI that we need to constantly improve. It will enhance your understanding of internal and external factors which might impact your industry I really appreciate the depth you were able to get to so quickly (for our project). Keep the text short and simple. This ensures that all the latest information is captured to enable you to make informed decisions Its efforts have also paid off with the company this month being ranked as having the second greenest textile supply chain in China, behind LeviStrauss and the fourth greenest across all sectors. Divided into different faculties business and management, design, humanity and social sciences, science and engineering to try to train people in different perspectives, the curriculum includes online courses, experience sharing, visits and rotation programmes. 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. The company also has its own retail brands PYE and Determinant. At Esquel, we prioritize investment in the growth and well-being of our employees. 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. Stay tuned to hear more from us about our sustainability journey. Esquel Expands Capabilities to Ensure Better Quality Tammy Dalton, National Account Manager, MCI, Tammy Dalton. Esquel's vertically-integrated operations, extended from cottonseeds to shirts, ensure the highest quality in every step of the apparel manufacturing process. Entering a new mode of production was challenging, but I felt driven to excel in it, Ms. Tang said. Esquel Group - Apparel & Fashion - Overview, Competitors, and Employees Some types of businesses must prepare and file an annual report by . Esquel Integral Project | Shared Value Initiative Hong Kong That ruling remains pending. Access to single report without subscription allows our clients to meet their requirements with a limited budget Our annual dinner in Hong Kong was successfully held last Saturday. When Assistant Tang Xiaofang wanted to use a new lean approach to set up a different hangtag production line at Esquel's accessories team in China, her Financial and Economic Overview: Current financial and economic ratios consider past 5 years quarterly, semi-annual, annual financial statements Our annual dinner in Hong Kong was successfully held last Saturday. 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 Esquel Group is one of the worlds largest shirt manufacturers with a huge domestic market in China. Lets take the opportunity to explore the beauty of Integral through this Chinese New Year greetings series. It includes their financial performance and activities over the prior fiscal year. Director, Derby Entrepreneurship Center @Tufts | Corporate Innovation Consultant | Keynote Speaker and Author, Senior Business Consultant at Organicoguru Lanka (Pvt) Ltd. Congratulations ! Tessie was invited as the keynote speaker to share how the transformation of the textile industry connects closely with sustainable development. When expanded it provides a list of search options that will switch the search inputs to match the current selection. 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%.. Teams of colleagues competed in the Fai Chun Writing Contest, which allowed them to unleash their creativity and strengthen their bonding in between. As an industry we have a bad reputation when it comes to sustainability, says Edgar Tung, managing director of Esquel Group, the worlds largest woven shirt maker. There was an inspiring and insightful session shared by Marjorie, our Chairman, in her discussion with Professor Christopher Tang, Faculty Director of UCLA Anderson School of Management, and Professor Heiwai Tang, Director of Hong Kong Universitys Asia Global Institutes. 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. Lets go the extra mile with a year full of celebrations and breakthroughs for Esquel. Esquel Group 5 years 3 months Lean and Industrial Engineering Executive Jan 2019 - Mar 20212 years 3 months Amata IZ, Bien Hoa city, Dong Nai province, Vietnam Dual reporting to Factory Manager. We strive to achieve One Esquel One Team through our happiness culture! The workers union FTZ & GSEU and its allies in the CCC global network are calling on Esquel and on companies and brands that have or used to have a business relationship with Esquel Sri Lanka to ensure that the workers receive their full legal compensation and are offered reemployment opportunities by the new owners, orwith their other suppliers in Sri Lanka. This report will provide you strategic intelligence category and opportunities for growth as well as global and regional market position 2002 Research Report - Civic Exchange Subsidiary of world's largest shirtmaker put on U.S. blacklist over The average loan amount is CNY15,000 (US$2,254) and there have been zero defaults since its launch. Esquel Group is one of the few large textile manufacturing groups to do so. 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. The more I get into the database, the happier I am that well have itREALLY happy!!! Looking for a particular Esquel Group employee's phone or email? Journalist coverage / News stories Our office complex in Integral reimagined workspace built for teamwork and productivity. Our company profiles assist you to formulate strategic analysis in order to understand your customers, partners, and competitors, enabling you amplify your business better. Annual report (Red and Black design) - templates.office.com And thats not including the social aspect, such as low wages and poor working conditions. 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. US judge rejects Esquel Group's request to remove Xinjiang unit from Esquel Group's Competitors, Revenue, Number of Employees - Owler 927 were here. Strengths of Esquel Group Integrating Business Strategy and Corporate Social Responsibility is the first element of the SWOT matrix. View a snaphot of our 2021 Annual. to allegations of forced labor. Michael Oppenheim, Collections & Reference Services, UCLA. 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.. [8] In August 2021, Esquel was removed, with conditions, from the Entity List by the inter-agency End-User Review Committee, which is composed of representatives from the U.S. ", Didn't find the company in our repository? But Yang says making a difference is as key as making profits. PDF. One white T-shirt developed by the company and currently on sale in its stores uses 84% less water, 85% less chemicals, and 17% less energy than comparable products. Esquel Group Integrating Business Strategy and Corporate - Case48 Its going to be a win-win situation if your incentives are going to be linked to productivity improvement.. The third panel invited long-time business leaders to share their experiences and insights regarding the role of corporations during these times of. But its focus is not on the cost of this labour, rather the productivity they can generate. Company share by region and sector, and company structure Stay tuned to hear more from us! [12] The company has strategy of upgrading or opening new facilities with better automation to counter the competitive pressure of rising wages. [5] The opening of China that year had according to one of Yang's daughters led to the decision to establish the company. Group Financial Results - Investec 4. The company also has its own retail brands PYE and Determinant. Detailed intelligence on Competition: Insights on key competitors A. You can avail the reports as per your needs We are thrilled to announce that Integral, Esquels Sustainable Development Garden in Guilin has received the Merit Award outside Hong Kong (Industrial/ Transport/ Utility Building Category) at the HKIA Annual Awards 2019/20! Here are some pointers for a good annual report design: Use headings and subheadings. We started this about ten years ago, and since then about 1500 households have benefited from the programme. ESQUEL GROUP SUSTAINABILITY UPDATE 2020 - United Nations Global Compact