Employees across Coats walked, ran, skipped and crafted their way to success in a variety of individual and team challenges to raise GBP 18000 for this important cause. The total amount raised by employees was matched by Coats which meant a grand total of GBP 6000.
Employees across Coats walked, ran, skipped and crafted their way to success in a variety of individual and team challenges to raise GBP 18000 for this important cause. The total amount raised by employees was matched by Coats which meant a grand total of GBP 36000.
Rajiv Sharma, Group Chief Executive, said: ‘This charity challenge has been a win win, not only have we been able to raise money for this very noble cause but our employees have worked together to focus on something positive and, in many cases, complete a challenge that enhanced their own mental and physical wellbeing.’
Helen Slee, Regional Fundraising and Engagement Manager, Save The Children, said: ‘This is a fantastic effort from the Coats team. GBP 36000 can go a long way to giving children a better future. For example it could pay for the delivery of 36000 face masks; provide 20 community and facility based health workers with personal protective equipment; provide more than 1000 children with education supplies; or provide 15 days worth of food support for over 1300 of the most vulnerable children and their families in India. On behalf of Save the Children, a big thank you.’
In 2019 Coats launched its Sustainability Strategy setting out seven ambitious targets to achieve by 2022 in five priority areas. One of those five areas is Social which focuses on providing safe and sustainable workplaces and communities. The prosperity of our business is closely aligned to the health and well-being of the communities in which we work and connecting with communities through fundraising initiatives brings positive benefits to the engagement of our employees.
For more than 250 years Coats has been working to support local communities in the countries in which it operates and this fundraising initiative is the most recent example of this. One of the earliest examples is from the 1880s when Coats opened the Ferguslie Half-time School. It could accommodate 400 young workers who were paid full time wages but only worked half a day. They spent the remaining balance of their working time at school. The school functioned until 1904 when full time education became compulsory.
Coats is the world’s leading industrial thread company. At home in some 50 countries, Coats has a workforce of 17000 people across six continents. Revenues in 2020 were USD 1.2 billion.
Coats’ pioneering history and innovative culture ensure the company leads the way around the world. It provides complementary and value added products, services and software solutions to the apparel and footwear industries. It applies innovative techniques to develop high technology Performance Materials threads, yarns and fabrics in areas such as Transportation, Telecommunications and Energy, and Personal Protection.
Headquartered in the UK, Coats is a FTSE 250 company, a constituent of the FTSE4Good Index Series, a participant in the UN Global Compact and a member of the Ellen MacArthur Foundation. It has also committed to developing a long-term target to reach net-zero emissions by 2050, the highest level of ambition on climate under the Science Based Target Initiative.