Bioworld partnered with Get Good Lab to fast-track its Environmental, Social, and Governance (ESG) initiatives. The goal is to assess current ESG performance, identify material impact areas, and build a roadmap that aligns sustainability goals with measurable business outcomes.
Good.Lab propels apparel and accessories manufacturer, Bioworld Merchandising, through the first phases of its ESG program to build a data-backed foundation for expanding impact over time.
SAN FRANCISCO | FEBRUARY 16, 2022
Good.Lab, an Environmental, Social, and Governance (ESG) data company, today announced that Bioworld Merchandising, a leading apparel and accessories manufacturer, successfully completed the first phase of its ESG program launch.
Bioworld aspires to be a leader in ESG performance and sought out external expertise to help them optimize their investments and improve ESG performance across a range of ESG issues relevant to their industry and operations, which span over 20 product categories and complete retail distribution and direct-to-consumer sales.
Bioworld engaged with Good.Lab’s network of ESG and sustainability consultants for this first phase of its ESG journey to prioritize among the many ESG issues by conducting a materiality assessment. Good.Lab also conducted an external benchmarking analysis to assess Bioworld’s positioning relative to industry peers and competitors, and a progress assessment to evaluate the impact of their efforts to date and determine where to focus to drive improved performance moving ahead.
We aspire to be a leader in the sustainability space and found a partner in Good.Lab to help us implement a quantitative approach to our ESG efforts. Good.Lab helped us to focus and prioritize our efforts around key impact areas, and to build a data-backed foundation for tracking our ESG progress.
Jason Mayes, Director of Marketing & Intellectual Property, Bioworld
The next phase of the client engagement tapped into Good.Lab’s industry benchmarking database to assess and set ambitious yet achievable ESG targets with considerations for what’s being done already by industry leaders and to meet the expectations of Bioworld’s customers.
Bioworld was an ideal client, given that they were serious about their ESG ambitions from the start and reaching a position of leadership. I’m particularly eager for the next phase of helping them measure progress against their targets so they have the data trail to back up all the good work they’re investing in.
Liam Bossi, Co-Founder & Chief Product Officer, Good.Lab
Good.Lab empowers its clients to act on ESG issues through ESG performance management and compliance software and professional services. Highlights of its current solutions include:
- ESG Performance Software – A software-as-a-service platform for defining priorities, assessing progress, and planning actions for ESG strategy setting and program initiation
- ESG Data Services – Custom ESG data systems for companies to gain better visibility and to gather and process ESG data more efficiently
- ESG Strategy Consulting – Access to a network of industry experts for flexible, ESG and sustainability consulting engagements
Read the full Bioworld ESG Customer Case Study here: https://getgoodlab.com/wp-content/uploads/2022/02/Bioworld-Case-Study.pdf
About Good.Lab
Good.Lab was started to create a more equitable and sustainable economy by unleashing the power of Environmental, Social and Corporate Governance (ESG) data. As companies are increasingly evaluated on a long-term commitment to delivering positive outcomes in their communities, on the environment, to their workers, customers and shareholders, sustainability has become a competitive advantage. Good.Lab empowers its clients to act on ESG issues through ESG performance management & compliance software and professional services. Our solutions transform our clients’ ESG data reporting engine to deliver actionable insights to management, reliable data to investors, and transparent data to customers. Visit us online at getgoodlab.com
About Bioworld
Bioworld Merchandising has been a pioneer in lifestyle pop-culture apparel and accessories for over 20 years. We look at the licensing industry differently. Our priority is connecting consumers globally by creating richer connections between the fans and the things they love. It’s goes beyond merch. Beyond commerce. We help cultivate self-expression. We partner with the biggest brands in the world. With over 20 product categories and complete retail distribution in all tiers including Amazon and direct-to-consumer, we put the right product, into the right hands at just the right time. Headquartered in Texas with 10 offices worldwide, we own the supply chain—from manufacturing to distribution and every step in between. Our partners know we aren’t just one solution. We’re THE solution. Visit us online at Bioworldmerch.com
FAQs
Get Good Lab uses data-driven tools and expert advisory to help companies benchmark their ESG performance, identify gaps, and implement customized strategies. For Bioworld, this included materiality assessments, ESG scoring, and strategic roadmap development.
Accelerating ESG impact means taking decisive action toward sustainability goals. This involves setting priorities based on material risks and opportunities, aligning stakeholders, implementing best practices, and tracking performance through measurable KPIs.
Strong ESG performance can enhance brand reputation, reduce operational risks, attract investors, and meet rising consumer expectations for ethical business practices. For a licensed consumer products company like Bioworld, aligning ESG strategy with brand values and market trends is essential for long-term growth.
Absolutely. Get Good Lab works with a range of businesses across industries to elevate their ESG performance. Whether you’re just starting out or looking to scale your impact, our team can help develop a tailored ESG roadmap that aligns with your company’s vision and stakeholder demands.
Disclaimer: Good.Lab does not provide tax, legal, or accounting advice through this website. Our goal is to provide timely, research-informed material prepared by subject-matter experts and is for informational purposes only. All external references are linked directly in the text to trusted third-party sources.