Finnish innovator commits to sustainable principles and improvement in human rights, labour, environment and anti-corruption.
Finland’s Spinnova, the developer of new technology technology for making textile fibres from wood or leather, textiles and food waste without harmful chemicals, has become a signatory of the United Nation’s Global Compact, the world’s largest corporate sustainability initiative.
The United Nations Global Compact promotes the ecological, social, and economic responsibility of companies and non-business organisations. The initiative requires commitment to the UNGC’s ten universally accepted principles and calls for action in support of the UN’s Sustainable Development Goals.
By signing the UNGC letter of commitment, Spinnova commits to sustainable principles and improvement in human rights, labour, environment and anti-corruption.
“Our sustainable fibre innovation supports several of the Sustainable Development Goals, and committing to the compact’s principles on a concrete level comes naturally for us,” said CEO and co-founder Janne Poranen. “It’s an honour to make this pledge and stand alongside the United Nations and the community around it.
The commitment will see Spinnova integrating the UN Global Compact’s principles into its strategy and day-to-day operations, and engaging in collaborative projects that advance the broader development goals of the UN. To support public accountability and transparency, Spinnova will report on its progress within one year of joining the compact, and annually thereafter.
The UN Global Compact is the world’s largest sustainability initiative with more than 14,000 companies and over 3,000 non-business organisations in over 160 countries. There are 165 Finnish participants in the UNGC.
Patented Spinnova fibres create zero waste and side streams or microplastics, and CO2 emissions and water use are minimal. The materials made from it are quickly biodegradable and circular. Spinnova is committed to using only sustainable raw materials such as FSC certified wood and waste.
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