Page 4 - InTheLoop(April-June2020)

message from the ceo

Dear Stakeholders,
The World Health Organization (WHO) first declared
COVID-19 a world health emergency in January 2020.
Since then, the pandemic has evolved into a global health
& economic crisis, disrupting lives of millions of people and
severely affecting the $90 trillion global economy, beyond
anything experienced in nearly a century. With the situation
improving over the last few weeks, policymakers and
financial markets are cautiously optimistic about a global
economic recovery.

Facing such an unprecedented challenge, Interloop took
major steps to safeguard the health and safety of our
people and ensure the continuity of our business. In order
to protect the livelihoods of our people and their families, supply chain. We continue to innovate and find ways to
the Company decided not to retrench any employee limit our impact on our planet. With that goal, we have
despite the fact that the business had come to a standstill. become the only socks company to develop a 100%
Due to global lockdown as a result of COVID-19, biodegradable Cradle-to-Cradle (Gold) certified sock.
Interloop’s sales fell substantially during the last quarter of
2019-2020. Consequently, Company suffered loss during Over the years, Interloop has developed a robust
the last quarter of FY20. However, our teams across all our organizational culture based on the strong foundation of
categories have worked diligently to manage their Company’s Mission, Vision and I-Care Values. To practice
businesses during such uncertainty. We are seeing and replicate the same culture across rapidly growing
resurgence in our business and outlook for hosiery multiple businesses, Interloop Limited launched Uniform
remains very strong with improvement in our denim, Behaviors; a complete Manual about how to conduct
apparel and seamless categories. We continue to have a business across the organization. For implementing these
growth mindset and focus on growing our hosiery business behaviors as a sustainable roadmap, ‘The Great Debate’
as well as our new categories, igniting our next phase of was an interactive session organized for the top and senior
growth. management.
The well-being of our people has always been our top Interloop has always stood by its communities in the hour
priority. We took immediate actions to transform our of need and this pandemic is no different. We have
business practices, safeguarding the health and safety of earmarked PKR 70 million to support communities in need
our people including awareness campaigns, preventive and provided food hampers to 15,000 deserving families,
and control measures, medical assistance and policy partnered with Nestle to donate 50,000 liters of milk,
changes to facilitate our employees. donated 100,000 masks & 5,000 protective goggles to
National Disaster Management Authority, and donated
COVID-19 has reshaped the way we think about work. PPEs for front line medical staff at various hospitals.
Embracing virtual ways of working, we deployed technology
to allow our teams to work remotely across all our global Continuing our drive to transform lives through quality and
sites. We have also accelerated our efforts to transition to affordable education, Interloop established another six
digital product development and have had virtual tours TCF - Interloop schools, bringing the total to 27 schools in
organized, enabling our partners to visit us virtually. the rural areas around Faisalabad city. We have supported
Digitalization and technology are playing an increasingly 60 aspiring women by sponsoring Women Entrepreneurship
important role in safeguarding and rebuilding our supply Training Program, conducted in collaboration with the
chain. Our collaboration with Inspectorio, implementing Institute of Business Administration (IBA) Karachi and GC
their Rise COVID-19 solution, will help safeguard the safety Women University Faisalabad.
of our people through audits and real-time monitoring,
allowing us to take necessary actions to ensure safe working We have continued our commitment to provide sports
conditions. opportunities to our community. We sponsored the 5th All
Pakistan Interloop Open Golf Championship this year. We
Promoting sustainable livelihoods for our workers has also sponsored the Pakistan – England Blind Cricket T20
always been front and center for us. Last year, our Hosiery Series and Interloop T20 National Wheelchair Cricket
Division II received its Fair Trade USA certification, becoming Championship.
the first sock facility in the world to be FT USA certified.
Fair Trade certification is a further endorsement of our I would like to extend profound gratitude to our team for
rigorous standards for health and safety, working conditions their commitment and hard work during these testing times
and fair wages and scaling it across Interloop will be a top and look forward to the encouragement and support of our
priority for us. stakeholders and shareholders. Stay Safe and look after
your families and yourselves!
Interloop successfully achieved OEKO-TEX® STeP
certification for Hosiery Plants 2 & 4, capable of producing
Made In Green labelled products - an important milestone Navid Fazil
in our journey towards a traceable, safe and sustainable
Chief Executive Officer

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