EC1: Direct economic value generated and distributed, including revenues, operating costs, employee compensation, donations and other community investments, retained earnings, and payments to capital providers and governments
As a privately held company, Anvil does not report under this indicator. Our ByLaws specifically protect the confidentiality of our financial information.
EC2: Financial implications and other risks and opportunities for the organization’s activities due to climate change
Anvil’s Corporate Social Responsibility strategy and efforts focus on three core areas—environmental, social and product responsibility. We believe that each of these areas has been and will continue to be impacted by climate change. Anvil’s Executive Management Team regularly considers the potential adverse impact of climate change on its operations as well as the possible impact on the availability of natural resources.
With droughts and other shortages, both in the US and in other cotton growing regions around the world, the need for more sustainably grown fibers continues to dominate the global apparel supply chain agenda. We have specifically disclosed information about this and other risks and opportunities in the Strategy and Analysis Section of this 2011 CSR Progress Report. As a privately held company, Anvil does not report financial information.
EC3: Coverage of the organization’s defined benefit plan obligations
Anvil does not offer a defined benefit plan. Our retirement plan is a defined contribution plan. For employees in the U.S., a 401(k) savings plan is provided where Anvil matches 100% of the employee’s first 3% contribution and 50% of the employee’s next 3% contribution. During a portion of 2009, Anvil suspended matching due to the economic downturn. Matching has since been reinstated in 2010.
EC4: Significant financial assistance received from government
Anvil does not receive significant financial assistance from government other than the tax incentives associated with investments in manufacturing equipment and facilities, employment, or engaging in manufacturing, research and development; this is commonly made available to manufacturers by federal, state and local governments around the world.