Colorado Threads Local Hiring and Supplier Sourcing Policy

Commitment to Local Hiring Practices: Colorado Threads is committed to preserving locally focused hiring practices regardless of company growth or scale. This commitment is embedded in our business model through a Colorado-first approach to hiring, ensuring that as we expand, we continue to prioritize local talent and support the regional economy through sustainable employment practices.

Outsourcing of Staffing Services: Colorado Threads does not outsource staffing services that are essential to the delivery of our products and services to external organizations or individuals. All core business functions are performed in-house to maintain quality control and uphold our commitment to local employment.

Independent Contractors Policy: Colorado Threads engages independent contractors on a time-bound basis and ensures that they either:

• Are free to split their time with work for other clients, or

• Have been offered employment opportunities with us where applicable.

Contractors are not engaged for more than 20 hours per week over an indefinite period or for longer than six months without reassessment of their role.

Definition of Local Community: Colorado Threads defines its local community as the Denver metropolitan area and surrounding regions in Colorado. Our hiring, supply chain, and community engagement efforts prioritize individuals and businesses within this geographical area to maximize positive economic and social impact.

Supplier Preference and Sourcing Policy: Colorado Threads is a community-based business focused on serving our local economy by sourcing materials and partnering with vendors that align with our values of sustainability and ethical production. Our business model is designed to create specific benefits, such as local economic development, ethical supply chains, and community engagement for stakeholders, including charitable partners and our broader local community.

Our commitment to local sourcing includes:

• Prioritizing purchases from independent suppliers (>50%) located within 200 miles of our headquarters in Denver, CO for manufacturing, dying, materials, screen printing, and other support suppliers.

• We have a commitment to serve at least 75% local and independent clients or customers.

• Maintaining a formal statement documenting that 30% or more of our spending is with suppliers within this radius, including raw material sourcing and cost of goods sold.

• Ensuring that our procurement processes support businesses that are majority-owned by women or individuals from underrepresented populations and striving to increase this percentage annually.

• Working with diverse suppliers to promote economic inclusivity within our supply chain.

Explicit Commitments to Local Communities: Colorado Threads has made the following written commitments to support and serve our local communities:

• We bank with a local and independent financial institution, ensuring that at least 50% of its loans and deposits serve the local economy.

• We contribute a minimum of 5% of our profits to local charities, nonprofit organizations, and community initiatives.

• We provide community space for local organizations, fostering collaboration and engagement with social and environmental causes.

• We actively participate in local community investment programs and sponsorships, supporting initiatives that align with our values and mission.

• We maintain this formal local hiring and supplier sourcing policy to ensure that our employment and procurement practices remain aligned with our commitment to strengthening our community.

• This policy underscores our dedication to ethical, sustainable, and community-driven hiring and sourcing practices at every stage of our business growth.

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