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"If you look at Komar, we predominantly do business in the U.S. where there is very little regulation compared to Europe and other places. So, for 95% of what we do, we do it because we want to do the right thing. We want to walk the talk."
Video key points:
- Komar is a US-based, 100% privately owned company with a $1 billion portfolio of owned brands, private labels, and licenses.
- Founded in 1908, it faces few US regulations, so Dr. De Fonseka says more than 95% of its sustainability work is voluntary.
- Komar launched its first sustainability strategy in 2024, built on energy, water, and chemical data collected from its supply chain. It then added a sustainability scorecard to sourcing decisions and eliminated coal from all Tier 1 suppliers.
- Komar uses Higg Facility Environmental Module (Higg FEM), Product Impact Calculator (PIC), and TheBhive to collect primary data and benchmark suppliers by country. Dr. De Fonseka says that data is what makes targets achievable.
- Dr. De Fonseka says sustainability work needs a dollar value to win investment from CFOs and CMOs.
Watch the full conversation between Dr. Thiwanka De Fonseka, Chief Sustainability Officer at Komar and Scott Raskin, CEO at Worldly.
Don’t have time to watch the full conversation? Skip ahead to 11:08 to learn why Dr. De Fonseka says sustainability needs a business case, and how primary data can make that case possible.
"It's very easy to build the business case for sustainability and where you are heading when you have the primary data and not multiple assumptions."
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