Global Recycled Standard (GRS) offers several benefits such as:
1. Enhanced Market Access: GRS provides Faith and Future Industries with access to markets that prioritize sustainable and eco-friendly products. Many retailers and brands are increasingly demanding products made with recycled materials, and holding the GRS certification can serve as a key differentiator and facilitate entry into such markets.
2. Increased Customer Confidence: The certification demonstrates Faith & Future’s commitment to sustainability and environmentally responsible practices. This can enhance customer trust and loyalty, especially among consumers who prioritize sustainability and seek out products with credible eco-labels.
3. Improved Brand Reputation: Global Recycle Standard can bolster F&F’s brand reputation as a socially and environmentally conscious company. This can lead to positive publicity, word-of- mouth recommendations, and an overall favorable perception among stakeholders, including customers, investors, and the public.
4. Cost Savings: Implementing sustainable practices often leads to increased efficiency and cost savings in the long run. Using recycled materials can reduce raw material costs, waste disposal expenses, and reliance on virgin resources, ultimately contributing to improved profitability for Faith and Future Industries Limited.
5. Risk Mitigation: By adhering to the standards set by the GRS, our firm can mitigate various risks associated with environmental regulations, supply chain disruptions, and reputational damage. Compliance with the GRS ensures that the company operates in accordance with internationally recognized sustainability standards, reducing the likelihood of non-compliance issues.
6. Long-term Sustainability: Obtaining the GRS certification aligns Faith & Future Industries with the principles of the circular economy, where resources are conserved, reused, and recycled. By promoting sustainable practices, the company can contribute to environmental conservation efforts and position itself for long-term success in an increasingly environmentally conscious marketplace.
Being an export-oriented firm, we are equipped with all the necessary credentials needed for international trade. From complying with labor laws to maintaining sustainability standards, the firm is prepared to upscale and conform to any given standards given by the buyers.
Here are some of the accreditations we achieved over the years:
The benefits of Recycled Claim Standard (RCS) for “Faith And Future” includes:
1. Environmental Impact Reduction: By adhering to the RCS, “Faith And Future” can contribute to reducing the environmental impact of their operations. The standard ensures that recycled materials are used in our products, thus reducing the need for virgin resources and minimizing waste.
2. Transparency and Credibility: Implementing the RCS demonstrates a commitment to transparency and credibility in sustainability practices. It provides assurance to consumers that the company is genuinely using recycled materials in its products, thereby enhancing brand trust.
3. Market Access: Many consumers and businesses prioritize sustainability and prefer products made from recycled materials. By complying with the RCS, “Faith And Future” can access these markets and attract environmentally conscious customers who actively seek out sustainable products.
4. Compliance with Regulations and Standards: The RCS sets forth guidelines and requirements for the use of recycled materials, ensuring compliance with relevant regulations and industry standards. Adhering to these standards can help “Faith & Future” avoid legal issues and regulatory penalties related to environmental sustainability.
5. Resource Efficiency: Utilizing recycled materials often requires less energy and resources compared to producing new materials from scratch. By incorporating recycled materials into our products, F&F can promote resource efficiency and contribute to a more sustainable production process.
Overall, adopting the Recycled Claim Standard can benefit Faith And Future by enhancing the company’s environmental performance, market competitiveness, and reputation as a socially responsible company.
ISO 9001:2015 is an international standard that ensures organizations implement a robust quality management system to consistently meet customer needs and enhance operational efficiency.
The BGAPMEA certificate is awarded by the Bangladesh Garment Accessories and Packaging Manufacturers and Exporters Association, verifying compliance with industry standards for garment accessories and packaging.
The OEKO-TEX® certificate guarantees that textile products are free from harmful substances, ensuring consumer safety and sustainability.
SMETA (Sedex Members Ethical Trade Audit) is a widely recognized ethical audit methodology.
It assesses social and environmental standards in supply chains, covering labor practices, health and safety, and business ethics.
BSCI (Business Social Compliance Initiative) fosters better working conditions globally through collaboration, best practice sharing, and continuous improvement in labor rights and environmental standards, ensuring ethical supply chain practices.
