Strategy

The O-Pact, Unpacked

The O-Pact has three layers: Planet, People and Business Model – all of which are interconnected.

Planet
Respecting the natural resources our planet provides.

People
Caring for the people Otrium directly impacts to create a thriving, happy community – from the employees that work at our HQ to the members that appear on our website to the suppliers that make the clothes we sell. 

Business Model
Implementing a circular business model that exists to help prevent fashion waste.

15 topics fall within the O-Pact. We conducted a Materiality Assessment (with the consultancy Sustainalize) in order to create focus areas for the future, mapping these 15 topics according to their relevance to stakeholders. While all 15 issues are important to stakeholders, and will be reported on, from this exercise we identified seven to prioritise.

The ESG committee consolidated the most material topics into five focus areas.

This is how we conducted the Materiality Assessment.

The Materiality Assessment took place between January and April 2022. With the help of Sustainalize, a consultant agency that is part of the ERM group.