"We will now thoroughly analyze the results and will do our utmost to increase our score to be included in the index again next year. Sustainability is a priority for us in all areas."

"We will now thoroughly analyze the results and will do our utmost to increase our score to be included in the index again next year. Sustainability is a priority for us in all areas."

The Dow Jones Sustainability Index saw a record number of corporate participants this year, up 18.9% from 2019, but industry heavyweights including Adidas and Nike were missed off the mentions list.

The annual DJSI review evaluates the sustainability performance of the largest 2,500 companies listed in the Dow Jones Global Total Stock Market Index. It is based on an analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, branding, climate change mitigation, supply chain standards and labour practices. It is split into geographical categories: World, Europe, US and Asia Pacific.

Among the mentioned in the textiles, apparel and luxury goods category were Moncler SpA, Hugo Boss, Burberry, H&M, Wesfarmers and Kering.

A first-time entrant to the DJSI was Japan's Fast Retailing.

"We are honoured to be included in the Dow Jones Sustainability World Index, one of the premier standards for socially responsible corporations, for the first time. We believe it is a recognition of the continued dedication by Fast Retailing to unlock the power of clothing and to make the world a better place," a spokesperson for Fast Retailing told just-style.
 

Textiles, Apparel & Luxury Goods

For the second year running, Moncler has been an industry leader in the 'Textiles, Apparel & Luxury Goods' sector.

The company was named as a leader based on its total sustainability score in 2020.

In terms of social sustainability, which considers human rights, human capital development and occupational health and safety, Moncler scored 91 of an industry average score of 27. On the environmental sustainability front, which considers product stewardship, operational eco-efficiency and environmental policy and management systems, it scored 94 of an industry average score of 36. For economic sustainability, which looks at customer relationship management, risk and crisis management and supply chain management it scored 80 of an industry average of 32. 

"Being recognized as Industry Leader in the Dow Jones Sustainability Index for the second consecutive year is testimony to the fact that sustainability is an increasingly strategic asset in the development of our company. It is a commitment we make to all stakeholders and moral duty to our children and to everyone's future," said Remo Ruffini, Moncler's chairman and CEO. "At Moncler, we dedicate our best energies every day to promoting an integrated business model in which the people and the environment are represented, respected and protected. Only in this way we will be able to deliver a strong vision, new inspiration and renewed hope to the next generations."

The list is split into regions and categories. 

On the 'World' list, Burberry, Hugo Boss and Kering topped the Consumer Durables & Apparel list. In retailing, H&M, Industria de Diseño Textil, S.A., Lojas Renner S.A, Marui Group Co., Ltd, Rakuten, Inc., Gap Inc., Wesfarmers Limited were among the mentioned.

On the Europe list, Burberry, Hugo Boss, Kering and Moncler were present under the Consumer Durables & Apparel category, while H&M and Industria de Diseño Textil were on the Retailing list.

In North America, Gildan Activewear was mentioned on the Consumer Durables & Apparel list, while Kohl's Corp and Gap Inc were on the Retailing list.

In APAC, Asics Corp., Fast Retailing and Wesfarmers all made the Consumer Durables & Apparel list. Wesfarmers was also on the Retailing list in Australia.

But absent from the list this year was Adidas, a veteran, having been on the list for 20 consecutive years and named as an industry leader in 2018.

A spokesperson for the brand told just-style: "Adidas has been continuously listed in top positions in the Dow Jones Sustainability Index since its launch 21 years ago. Our score in the DJSI is consistent with that of the previous year and we continue to be the leader in the sporting goods industry category. We will now thoroughly analyze the results and will do our utmost to increase our score to be included in the index again next year. Sustainability is a priority for us in all areas. This is reflected in the latest Corporate Human Rights Benchmark which ranks Adidas as the world's best apparel company in terms of ensuring human and labor rights in the supply chain."

In an email to just-style, a spokesperson for Nike confirmed it declined to participate in this year's review.

"Nike receives a number of requests to participate in surveys, ratings and rankings annually. As part of Nike's Corporate Responsibility and Purpose work, we evaluate each request based a number of criteria including, alignment with our Purpose strategies, usefulness to our stakeholders, resources required to complete each request and credibility. A recommendation is developed and reviewed with Nike's Purpose Subcommittee to determine if participation should be prioritized.

"Based on this year's review, Nike did not actively participate in the SAM Corporate Sustainability Assessment and corresponding Dow Jones Sustainability Indices."

To explore the list in full, click here.