The common good is defined by the well-being of each individual within a community. The common good economy pursues the idea of an economic system that builds on measures promoting public welfare. That’s including human dignity, solidarity, environmental sustainability, social fairness and democratic participation.
Creating the common good balance sheet is rather a matter of heart, because the economic result of the company isn’t the sole important issue for us.
“As a company and an entrepreneurial ship we have the response and a platform which we want to use not only for following capitalism aims and values.”
Human dignity, solidarity and fairness, ecological sustainability as well as transparency and co-decision in the supply chain form the basic framework for the valuation of the supplier department in the Common Good Balance Sheet. We build a long-standing and trustworthy basis with our suppliers. Especially when purchasing goods, we focus on dealers and brands within Europe. We categorically reject cooperation with partners who have a doubtful reputation for their production and working conditions. At suppliers outside of our buying department, such as office supplies, we pay more attention to sustainability, fair production conditions, fair pricing and a sensible handling of resources. We maintain equal treatment of our suppliers and do not discriminate against anyone. Problems (such as under delivery or bad deliveries) are openly discussed and attempts are made to find joint solutions.
The ethical and social management of funds is also part of the assessment in the Common Good Balance Sheet. A use of funds which is socio-ecological and thereby secures jobs and creates new jobs is the optimal condition for the creation of common good. Our equity ratio is 100%. Based on the vision and the ambition to build a lasting and permanent enterprise, we decided to grow exclusively organically and not to collect any external money. Our use of funds is first and foremost needs-oriented and often with a social background. Thus, in our decision-making for or against an investment, we not only evaluate financial or efficiency gains, but also always the intangible benefits on the part of employees.
Satisfied employees belongs to a successful company, and not just for the common good. We understand our employees as entrepreneurs in the company. Constant questioning of the processes and interactions within the company with individual responsibility are keystones of our corporate philosophy. The corporate culture is young, dynamic, international, ambitious, unforgiving, responsible and lives on the constant exchange regardless of the hierarchy level. Other pillars include a zero-tolerance approach to discrimination based on "otherness", a very flexible organization of working hours, employee transparency and co-determination through the organizational principle of "objective and key results", a continuous integration of information among employees through weekly "Team All" events and the F&P Academy, our launched grant program for talented international students. In ecological terms, we try to be a role model for employees. The CEOs and the Management are constantly looking for ways to make the work of F&P more ecological. The first exclamation marks have been set by switching to a water dispenser, switching to organic fair-trade coffee and eliminating plastic bags in the Fashion Flash sector.
As with suppliers, all customers and business partners focus on an ethical customer relationship, cooperation and solidarity, environmental impact through the use and disposal of products and services, and customer collaboration and product transparency. In the department of our Fashion Flash, for example, we offer young, regional, small and medium-sized companies the opportunity to increase their brand awareness through additional event components and cooperation partners, while at the same time offering our customers added value in shopping. We maintain a courteous handling of returns and a transparent & fair pricing for all products offered, whether in the wholesale or in the end customer business. In addition, we also help our clients develop utilization concepts, gain access to a global network of retailers or advise on related processes, such as customs regulations. In order to reduce the transport volume, we have also decided against the use of shoe boxes and for a recurring use of reusable pallets or collies and shoe bags for transporting the goods to the event locations.
We give textiles and shoes from the fashion industry, which are no longer used, a second life cycle! In doing so, we actively minimize the waste of resources within the fashion industry and strengthen ecological sustainability. By handling office supplies (such as paper) with care, disposing of plastic bottles for employees, switching to organic consumables, and managing resources responsibly at all levels, we are helping to create a better environment in addition to the home business. Social involvement is also very important to us. We support donations and cooperations for regional projects. In any case, we supported the children's shelter at the company headquarters with a donation or supported the international project "Pink Ribbon". In 2018, for more transparency, we created a blog on our website to periodically review our company's information initiatives.
"We protect resources - every day!"
Our ecological footprint, whether it's using the car, wearing jeans or having a daily coffee in the morning, is becoming more and more important. Every product and service we use consumes ecological resources. From the emission of CO2 through the need for water to the consumption of energy, every consumption of resources has consequences for our environment. Our business model of buying and selling overstocks, returns and liquidation goods contributes significantly to protect Earth's resources. Every year, we face up to our responsibility to help reduce the burden on the environment and reduce the production of climate-changing greenhouse gases - every day!
the production of CO2 by34 tonnes of CO2
the consumption of water by17.6 million liters
the consumption of energy by100,000 kWh
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