Teddy corporation's aims

Ethics and social responsability

We have always felt that the aims of a corporation should not be limited to maximizing its profits and financial value just to benefit its shareholders, but that it should have a bigger goal, one of creating wealth and value for all its stakeholders. And we know that while a corporation should be socially responsible and ethical in its operations, this should not be its sole task. Our sense of ethics, however, has always been the first rule of our code of conduct. Fundamental values like solidarity, integrity, loyalty, respect, transparency, fair play, honesty and respect for privacy make up the backbone of our operations, the way we work and interact with co-workers and business associates, whether they are a part of our company or not. Moreover, these values do not only represent us but they are us - they are what we transmit to others with heartfelt conviction so that an otherwise intangible inner feeling becomes a concrete outward display of belief with a real function. And these are the values that we hope and try to transmit to those who are close to us and to the generations (of employees and shareholders) to come. Our policies focus on the community and are part of a bigger picture – and our Dream and Vision. We participate in and provide real support for major solidarity projects, the most important being the Rainbow Project. The goal of the Rainbow Project, an operation located in (Africa), is to help as many AIDS orphans as it possibly can by keeping them united with their extended family. is one of the countries in which the AIDS epidemic has dealt its harshest blows: in the year 2000, there were 1,600,000 children under the age of 18 (out of a total population of 9-1/2 million) who were either motherless, fatherless or both. The result is a generation gap that has reached worldwide emergency proportions. The Rainbow Project is a multi-sector project that focuses on various different areas – such as family homes, education, nutritional centers, support groups and self development – with the overall goal being to develop and successfully apply a model which, by efficiently coordinating the work of various humanitarian organizations, can be used throughout the country. The project was created and organized by Associazione Papa Giovanni XXIII (the Pope John XXIII Association), an organization that many Italian and international organizations participate in.

In conclusion, we are proud to say that a part of the dividends Teddy pays out to T&M owned companies will be donated to charities, such as the “niños de rua” project in. “Niños de rua” are abandoned kids living on the streets. In Boliva, a house has been bought to shelter more than 300 of these kids who would otherwise be sleeping under bridges. Other houses have also been bought to help young people going through rehabilitation for substance abuse. The structures house up to 80/90 kids and are part of woodworking and carpentry workshops and greenhouses where the kids can learn a trade that they can use to support themselves after they have completed rehabilitation.