Company Directory - Balega
Company Details - Balega
Balega
WebsiteBalega is a company specializing in high-quality performance socks designed for running and fitness enthusiasts. Renowned for combining comfort with innovative design, their socks are a popular choice among athletes and fitness aficionados looking for durability and exceptional performance.
CCI Score
CCI Score: Balega
35.61
-0.15%
Latest Event
Balega Community Support and Retailer Investment Initiatives 2023
In late 2023, Balega invested in a new B2B platform to streamline the ordering and management process and in regional agencies to support independent retailers. The company’s initiatives, including the Ubuntu Award and the Grit & Grace collection for breast cancer prevention, underline its commitment to community empowerment and ethical business practices.
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DISSENTER
Balega is currently rated as a Dissenter.
Latest Events
- SEP112023
In late 2023, Balega invested in a new B2B platform to streamline the ordering and management process and in regional agencies to support independent retailers. The company’s initiatives, including the Ubuntu Award and the Grit & Grace collection for breast cancer prevention, underline its commitment to community empowerment and ethical business practices.
+60
Business Practices and Ethical Responsibility
March 30
Balega’s investment in a new B2B platform and support for regional agencies demonstrates a commitment to ethical business practices by enhancing operational efficiency and supporting independent retailers. This community-focused approach aligns with progressive values and promotes a positive corporate culture.
+50
Technology and Services Impact
March 30
The launch of a new B2B platform reflects a positive use of technology and services, aimed at streamlining processes and increasing accessibility for independent retailers. This innovative approach supports fair business practices and aids community participation.
+40
Economic and Structural Influence
March 30
Investing in regional agencies helps strengthen local economic structures by empowering independent retailers and community networks. This structural support is a positive factor in promoting economic resilience and grassroots empowerment.
- SEP112023
Balega has announced two major initiatives in late 2023 to support its business partners: an investment in a new B2B platform aimed at streamlining ordering and management processes, and a commitment to work with regional agencies to assist independent retailers. The company’s continued emphasis on its Ubuntu-inspired ethos—embodied by initiatives like the annual Ubuntu Award—reinforces its community-focused and socially responsible business practices.
+30
Public and Political Behavior
March 30
Balega’s use of its Ubuntu Award to recognize community-minded run specialty stores, and its articulation of the ‘I am because we are’ philosophy, demonstrates a commitment to public engagement and community support, which counters authoritarian tendencies by uplifting local initiatives.
+50
Business Practices and Ethical Responsibility
March 30
Investing in a new B2B platform and establishing regional agencies to directly support independent retailers highlight Balega's commitment to ethical business practices that empower smaller community businesses, aligning with progressive, anti-authoritarian values.
+40
Technology and Services Impact
March 30
The strategic investment in a B2B platform demonstrates Balega’s use of technology to streamline operations and enhance support for independent retailers. This positive technological initiative helps counter centralized, top-down economic control, thereby indirectly opposing authoritarian structures.
- JUN012023
Balega detailed its continuous efforts to improve sustainability through an advanced climate strategy, enhanced human rights due diligence practices, and improved materials management by incorporating recycled polyester blends, as outlined on its Impact page.
+70
Labor Relations and Human Rights Practices
March 30
Balega has significantly advanced its human rights due diligence by hiring key staff and establishing new best practices, reflecting a strong commitment to ethical labor practices and the protection of worker rights, which aligns positively with anti-authoritarian and progressive standards.
+60
Supply Chain Ethics
March 30
The company’s emphasis on enhanced materials management and the expansion of recycled polyester blends to reduce carbon emissions demonstrates a commitment to ethical supply chain practices and environmental sustainability, contributing positively to its overall ethical responsibility.
- MAY092023
Balega, a performance sock brand, celebrated its 20-year anniversary on May 9, 2023, emphasizing sustainable practices. The company announced its progress towards Climate Neutral Certification, initiatives in waste reduction in packaging, and community engagement inspired by the Ubuntu philosophy, demonstrating a commitment to ethical business practices and community enrichment.
+80
Business Practices and Ethical Responsibility
March 30
Balega’s efforts to achieve Climate Neutral Certification, implement innovative waste-reduction in packaging, and invest in community-oriented practices reflect strong ethical business practices. These initiatives align with progressive values by reducing environmental impact and promoting social responsibility, which counters authoritarian and exploitative practices.
- APR012023
Balega announced that starting in Spring 2023, all socks in its line will be knit using recycled yarns and sold in eco-friendly packaging that uses 26% less cardboard pulp and avoids harmful coatings and inks, while reducing virgin material in its Drynamix yarn by 30%. This initiative aims to lessen environmental impact and promote sustainable production practices.
+60
Business Practices and Ethical Responsibility
March 30
Balega's move to incorporate recycled yarns and eco-friendly packaging is a positive step toward sustainable business practices, reducing reliance on virgin materials and harmful chemicals. This aligns with progressive, anti-authoritarian values by promoting environmental justice and corporate accountability in production processes.
- AUG282021
An online inquiry on Knoji confirms that Balega publishes a clear and accountable diversity commitment statement. The article raises questions about the company’s support for BIPOC communities, Black Lives Matter, and inclusion initiatives, highlighting its efforts toward equitable treatment within its workforce.
+50
Labor Relations and Human Rights Practices
March 30
Balega's publication of a diversity commitment statement is a positive step toward supporting marginalized groups and promoting equitable workplace practices. This effort aligns with anti-fascist values by fostering inclusivity and demonstrating corporate accountability in addressing racial and social equity.
Does Balega publish a clear and accountable diversity commitment statement?
- AUG282021
An investigation reported by Knoji on August 28, 2021 found that Balega does not adhere to ethical sourcing practices, raising concerns about its supply chain transparency and possible neglect of human and labor rights in sourcing.
-40
Supply Chain Ethics
March 30
The research indicates that Balega does not follow ethical sourcing guidelines, which suggests a lack of commitment to sustainable and humane supply chain practices. This failure can have broader implications for labor rights and corporate accountability, aligning with concerns in the supply chain ethics category.
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