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NAV ECO Corporate Social Responsibility

CSR / ESG

New Age VeneersTM CSR Program

Since day 1, New Age VeneersTM has prioritised the responsible sourcing and manufacturing of our products and achieved certifications that accredit the ethical standard of our ranges. Today, we’ve taken our commitment a step further by implementing a tailored CSR program underpinned by 8 United Nations Sustainable Development Goals (UNSDGs). Our unique program is titled NAV ECO.

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Since day 1, New Age VeneersTM has prioritised the responsible sourcing and manufacturing of our products and achieved certifications that accredit the ethical standard of our ranges. Today, we’ve taken our commitment a step further by implementing a tailored CSR program underpinned by 8 United Nations Sustainable Development Goals (UNSDGs). Our unique program is titled NAV ECO.

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NAV ECO

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As a name, NAV ECO evokes the idea of navigating towards eco-friendly or sustainable practices, thus this CSR program guides our actions and supports our team to navigate towards more environmentally friendly choices and actions across all New Age VeneersTM Activities.

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‘NAV ECO,’ is built upon the foundation of a strategic ESG (Environmental, Social, and Governance) Framework. This framework underscores our commitment to sustainability and aims to harmonise human activities with their impact on the natural environment. Our CSR program not only implements this framework and aligns its commitments to key UNSDGs, but also tracks its effectiveness against key performance indicators (KPIs). These are outlined in detail below.

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NAV ECO and our greater New Age Veneers team recognises the interconnectedness of environmental, social and economic systems. Since the inception of NAV, we have been driven to build a more sustainable and resilient future for all through our business operations and choices. Bringing our ESG vision to life, our CSR program provides a platform for our past, present and future environmental and social actions, and advocates for holistic approaches that promote harmony, innovation, equity, and growth.

These actions are tracked by our core CSR objectives:

  • Innovate Sustainably
  • Ensure Ethics
  • Empower Communities
  • Preserve Nature
  • Promote Sustainability

Which enable us to track and target both our short and long term business KPIs.

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NAV’s Business KPIs

CSR Objective

Brand Alignment

KPIs 2025

KPIs 2030

Innovative Sustainability

We lead in innovation, seeking eco-friendly materials and suppliers

Environmentally-friendly samples packaging

Develop internal initiatives to incentivise sustainability practices from the ground-up within the business

Ensure Ethics

We maintain the highest ethical standards, from responsible sourcing to transparent supply chain management

80% of PP film-based products to be Global GreenTag certified

90% of all products to achieve a COC Certification

Empower Communities

Through collaboration and partnerships, we foster growth, education, inclusivity, wellbeing and prosperity

Support trade specific charity to promote mental health within our industry

Further empower our community by sponsoring 5 charity/ associations relevant to our industry.

Preserve Nature

Committed to minimising our environmental impact, we conserve resources (e.g. clean energy) and strive to protect ecosystems (e.g. forests) for future generations

Implement samples ‘return & earn’ process, to internally recycle our sampling material to minimise our wastage and increase sustainability

Overseeing and implementing increased sustainability practices at our manufacturing site to reduce our carbon footprint (i.e. solar panels)

Promote Sustainability

Beyond veneer supply, we inspire clients to adopt sustainable lifestyles, catalysing positive global change

Sustainable presentations to clientbase

Sponsor 5 sustainable designs beyond current UofC Sponsorships

NAV ECO: Corporate Social Responsibility Model

We are dedicated to fostering a future where luxury and sustainability coexist harmoniously, leaving a lasting legacy of beauty, environmental stewardship and social responsibility, enhancing our impact beyond our business activities.

To achieve this and ensure we are on track to meet our short and long term KPIs, NAV ECO’s foundation aligns with 8 core UNSDGs that have been grouped by our program’s 4 guiding values, Harmony, Innovation, Equity and Growth.

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SDG 3 (Good Health and Well-being) and SDG 5 (Gender Equality) are pillars of our value ‘harmony’ as they reflect NAV’s aim to create balanced and equitable conditions for health and well-being among all genders.

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SDG 7 (Affordable and Clean Energy) and SDG 12 (Responsible Consumption and Production) are aligned with ‘innovation’ as NAV advocates for the adoption of new technologies and practices to promote sustainable energy and consumption patterns.

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SDG 4 (Quality Education) and SDG 8 (Decent Work and Economic Growth) resonate with ‘equity’ as our NAV team strongly emphasises providing equal opportunities for education and employment, regardless of gender, race or socioeconomic status.

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SDG 15 (Life on Land) and SDG 17 (Partnerships for the Goals) relate to ‘growth’ as our team focuses on fostering partnerships and initiatives that promote economic growth while ensuring environmental sustainability and biodiversity conservation.

Our bespoke CSR model serves as a strategic tool for NAV’s management team to continually embed sustainability into our core business practices, fulfilling our ESG framework, reaching our KPIs, mitigating risks, seizing opportunities, and creating value for all stakeholders in a rapidly changing and interconnected world.

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