Ethical Policy

2010.05.26

We are often asked about our status: Do we trade ethically? Does our company have an ethical policy?
Recently, companies have realised that they have a wider responsibility to the communities in which they work, and that much has changed in society’s view of them over the past few years.

Today there are many perspectives to corporate social responsibility. Broadly defined, CSR is the acknowledgement by companies that they should be accountable, not only for their financial performance, but also for the impact of their activities on society and/or the environment. Striking this balance is all-important. Of its annual turnover Bag 2 School pays 76 - 80 % to schools, 18 - 20 % is spent on operational costs and 2 - 4 % is profit. For details of our work with Charities please see sponsorships.

A false impression has been given by too many activists that making a profit is irresponsible. In fact, making a profit, coupled with accountability, promotes both a strong economy and a motivated society. It is important to recognise that responsible behaviour creates a sense of self-satisfaction among us all. Everyone benefits.

Bag2School is proud of its achievements and can afford to contribute to society in the following ways:

• The creation of employment at home and abroad
• Prompt payment of its employees
• Satisfied customer expectations (schools)
• Over 10 million pounds paid into community projects
• Suppliers paid on time
• Diversion of waste from landfill sites
• Utilisation and recycling of its plastic by-products (bags)
• The development of trusting relationships with regulators and governments