The company discloses how the socially and economically relevant stakeholders are identified and integrated into the sustainability process. It states whether and how an ongoing dialogue takes place with them and how the results are integrated into the sustainability process.
Fenix Outdoor engages in open dialogue with civil society groups and other actors on various subjects, particularly those relating to environmental, social and human rights topics. We collaborate in projects or explore best practices and benchmarks for the outdoor industry. Getting in touch with stakeholders and keeping the contact develops through different settings, for example through an exchange referring specific topics like materials or human rights, or if a similar interest is covered. With help of the materiality matrix, we reflect and figure out which stakeholders are affected by our business and who are affecting us.
In 2021, we were able to conduct an extraordinary Stakeholder Roundtable event. We held it entirely virtually and spread the event over three days. Not only did we have several high-profile presenters and experts for each topic area, but we were able to interact with more stakeholder groups and individuals than ever. About 400 participants of different stakeholder areas from our network invested more than 600 hours of their time to support us in reshaping our sustainability agenda. Due to the diversity and variety of stakeholders we are in contact with, it wasn't possible to include every single individual of course. The participants of the roundtable were not a conclusive list of our stakeholders, but presented a diverse amount of different stakeholder we are working with. The roundtable was composed of a variety of participants ranged from environmental and social activist groups, governmental institutions, industry associations, international entities such as the United Nations, universities, competitors and peers to suppliers and workers in our factories. Fenix Outdoor’s Executive Management as well as own employees were also present. During the various sessions we addressed the Fenix Outdoor strategic sustainability agenda. Topics such as climate action and how to become more resilient, customer/user engagement and transparency, social compliance and supply chain responsibility as well as circularity were discussed. Within the frame of the roundtable, the goals of agenda 2025 were discussed, reviewed and new impulses were set.
Based on the feedback, input and inspirations for innovation, we drew some preliminary conclusions, and we are currently working on how to use them in our future work. As one immediate effect, we revised our Materiality Matrix of Fenix Outdoor International AG. The matrix received some adaptation in 2021 and reflects the impact of Covid-19 as well as internal climate discussions.