WOO IMPACTSUSTAINABLE - DEVELOPMENT - MEANINGFUL
WOO wants to generate opportunities, income, and self-sufficiency for disadvantaged people in vulnerable communities through employment and through partnership building. The involvement of local community-based organizations and development organizations leads to collaborative implementation of projects.
An inclusive business model is used to produce sustainable luxury products, through which WOO is able to connect the most marginalised populations with the consumer population, people on both ends of the value chain.
For WOO, impact means the impact on the lives of those who produce and those who use WOO products. We measure our impact among four different target groups.
With the vision that the only way out of isolation, stigma and poverty is through empowerment and development.
In developing countries where WOO sources and produces its products, we aim to impact 1 million people in 10 years of operation, by 2025. WOO products will reach out and impact the lifestyle of 10 million consumers in the same period.
SUSTAINABLE DEVELOPMENT FRAMEWORK
WOO follow the principles of the United Nations’ Sustainable Development Goals in every possible aspect of our business. These goals were established in 2015 to guide global, regional and national efforts to reduce poverty, address climate change, build inclusive societies, and address a myriad of other pressing global problems.
From the 17 Sustainable Development Goals (SDGs), we are guided mostly by the following two in how we WOO:
Also, the following four SDGs are of significance:
Each WOO product is related to the impact it has on the selected SDG targets. For example, the production of WOO Fortune Candles now contributes at a rate of 77% to the selected SDG targets. This can be illustrated by the following examples, each of them being monitored by the WOO impact and results measurement system.
WOO also impacts the consumers of WOO products, relevant the Sustainable Development Goal number 12, ensuring that people everywhere have the relevant information and awareness for sustainable development and lifestyles in harmony with nature. Global citizens band together in a mission for positive and sustainable change. An impact monitoring system is based on a system of “WOO-credits” that consumers earn when buying WOO products and that can be redeemed in any of the three WOO-values: