BELLEVUE, Wash.--(BUSINESS WIRE)--Savers Value Village, Inc. (NYSE: SVV) (the “Company”) was named the winner of two Gold Stevie® Awards, in the categories of Achievement in Corporate Social Responsibility (CSR) and the Achievement in Environment, Social, and Governance (ESG) category, as well as a Bronze Stevie® Award in the Sustainability Leadership Award - in Canada and the U.S.A. category in The 21st Annual International Business Awards®.
The International Business Awards are the world’s premier business awards program. All individuals and organizations worldwide – public and private, for-profit and non-profit, large and small – are eligible to submit nominations. The 2024 IBAs received entries from organizations in 62 nations and territories.
More than 3,600 nominations from organizations of all sizes and in virtually every industry were submitted this year for consideration in a wide range of categories. Savers Value Village, Inc. was recognized for its unique “triple bottom line” business model designed to benefit local communities by partnering with non-profits, to benefit the planet, and to benefit shareholders.
“Our mission is to champion reuse, and inspire a future where secondhand is second nature,” said Savers Value Village, Inc. General Counsel, Chief Compliance and Sustainability Officer Richard Medway. “We are proud to be running a business that is recognized by the International Business Awards as one that is excelling in CSR and ESG. We believe in the work we are doing, and see immense potential as consumers and businesses alike come to believe in it too.”
Discarded clothing remains the largest source of textile waste in the world. It takes 700 gallons of water to produce just one new cotton T-shirt, as much water as a human will drink in 2 ½ years. Since less than 1% of the material used to produce new clothing can be recycled into new textiles, the reuse of clothing, rather than the purchase of new clothing, is key to mitigating the environmental impacts of the textile industry.
Over the past five years, Savers Value Village, Inc. has found a reuse for over 3.2 billion pounds of reusable clothing and housewares and has paid its non-profit partners more than $530 million for goods donated to them, which helps fund their vital community programs and services.
Stevie Award winners were determined by the average scores of more than 300 executives worldwide who participated in the judging process in June and July. Winners will be celebrated during a gala banquet at the InterContinental Hotel in Istanbul, Türkiye on Friday, 11 October.
Details about The International Business Awards and the lists of Stevie Award winners are available at www.StevieAwards.com/IBA.
About the Savers ® Value Village ® family of thrift stores
As the largest for-profit thrift operator in the U.S. and Canada for value priced pre-owned clothing, accessories and household goods, our mission is to champion reuse and inspire a future where secondhand is second nature. Learn more about the Savers Value Village family of thrift stores, our impact, and the #ThriftProud movement at savers.com.
About the Stevie Awards
Stevie Awards are conferred in nine programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, the Middle East & North Africa Stevie Awards, The American Business Awards®, The International Business Awards®, the Stevie Awards for Women in Business, the Stevie Awards for Great Employers, the Stevie Awards for Sales & Customer Service, and the Stevie Awards for Technology Excellence. Stevie Awards competitions receive more than 12,000 nominations each year from organizations in more than 70 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at www.StevieAwards.com.