Company Research Report: Worldly
Company Overview
Name
Worldly
Mission
Worldly's mission is to improve supply chain sustainability—across not only carbon but water, energy, and worker well-being.
Founded
Worldly was launched in 2019.
Founders
Led by a founding team with decades of experience in apparel manufacturing, sustainable innovation, and software development.
Key People
- Scott Raskin: Chief Executive Officer
- Stephanie Bastin-Wells: Chief HR Officer
- Francois Thrower: Chief Financial Officer
- James Schaffer: Chief Strategy Officer
- Kevin Vranes: Chief Product Officer
- John Armstrong: Chief Technology Officer
- Jay Gaines: Chief Marketing and Content Officer
- Adele Stafford: Executive Vice President, Growth Initiatives
- Nikki Frazer-Reid: Executive Vice President, Marketing
Headquarters
No information available.
Number of Employees
No information available.
Revenue
No information available.
Known For
Worldly provides insights needed for impact improvement, compliance, and disclosure in supply chain sustainability.
Products
Higg Index Tools
Description
Worldly hosts the Higg Index, a suite of measurement tools to understand and improve their social and environmental impact.
Key Features
- Facility Environmental Module (Higg FEM): Measures and tracks factory environmental performance.
- Facility Social & Labor Module (Higg FSLM): Assesses social and labor conditions in factories.
- Brand and Retail Module: Evaluates brands’ and retailers’ sustainability actions.
- Product Module: Gauges the environmental impact of products across the supply chain.
- Materials Sustainability Index (Higg MSI): Measures the sustainability performance of materials.
Facility Data Manager (FDM)
Description
Facility Data Manager (FDM) offers timely data and insights to accelerate environmental impact improvements and regulatory compliance.
Key Features
- Provides monthly quantitative data on energy, water, waste, etc.
- Streamlines data collection processes.
- Supports alignment with regulatory standards such as the Higg FEM.
- Facilitates collaboration and target setting between manufacturers and brands.
- Enables third-party data validation through partnerships (e.g., SGS).
Recent Developments
Recent Developments
- Worldly acquired the Fair Factories Clearinghouse (FFC) in 2023, expanding their capabilities in supply chain transparency.
- Introduced Facility Data Manager to support decarbonization and regulatory requirements.
New Products Launched
- Higg Facility Environmental Module (Higg FEM) 4.0: Updated for better alignment with frameworks like the GHG Protocol.
- Facility Data Manager (FDM): Helps brands and manufacturers track progress towards sustainability targets.
New Features Added to Existing Products
- Higg FEM 4.0: Enhanced customization for manufacturers and better integration with the rest of the Higg Index tools.
New Partnerships
- Partnership with data assurance experts at SGS for verification of data collected through FDM.
Customer Success Stories
OVS
- Achievements: Reduced Scope 3 GHG emissions by 46%, ensured 100% Higg assessment participation from manufacturers, and earned the #1 spot in the Fashion Transparency Index.
- Tools Used: Adoption Tool, Higg FEM, Higg FSLM, Analytics.
Al-Karam Textile Mills
- Achievements: Reduced carbon emissions by 17% in three years, launched programs for worker wellbeing.
- Tools Used: Higg FEM, Higg FSLM.
Pearl iZumi
- Achievements: Developed “Pedal to Zero” program to offset product CO2 emissions, improved material sustainability.
- Tools Used: Higg Product Tools.
Hydro Flask
- Achievements: Improved supplier Higg FEM scores by 94%, improved collaboration with suppliers.
- Tools Used: Higg FEM, Adoption Tool.
New Look
- Achievements: Assembled comprehensive supply chain impact data, set data-driven sustainability goals.
- Tools Used: Higg FEM, Analytics, Bulk CSV.
Conclusion
Worldly is making significant strides in providing comprehensive solutions for supply chain sustainability. Through its suite of products and recent developments, Worldly is equipped to help brands and manufacturers achieve their environmental and social sustainability targets effectively.