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November 11, 2021

Adidas recognised for sustainability efforts with strong ESG rating

German sportswear brand Adidas has received an outstanding evaluation for its sustainability and ESG performance in an assessment by rating agency S&P.

By Laura Husband

Adidas was assessed on its sustainability (environmental), social and governance (ESG) practices and received an ESG profile score of 79 out of 100 – one of the highest scores across all companies assessed globally.

Adidas was placed sixth in the entire S&P Global Rating Universe due to its strong preparedness score (+6) giving the company an overall ESG evaluation Score of 85.

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The S&P Global Ratings’ ESG Evaluation assesses a company’s ESG performance (ESG profile score) and ability to prepare for potential future risks and opportunities (preparedness score). The ESG profile score and preparedness score sum up to the final ESG Evaluation Score that allows comparison with other entities globally, across sectors. The highest score of 100 indicates the lowest level of risk.

Martin Shankland, member of the adidas executive board responsible for global operations, said: “We have doubled down on our commitment to sustainability as a focus area in our ‘own the game’ strategy and are proud t osee this being recognised externally.”

He added: “The results underline our leadership approach to manage sustainability across all dimensions and the entire company. We are convinced that the continued integration of sustainability into our strategy will support ongoing future success of adidas – in the interest of all stakeholders.”

S&P emphasised Adidas’s industry-leading approach to innovation, supply chain management and consumer engagement.

In the assessment, credit was given to the company’s ambitions to scale the use of sustainable materials, to expand circular services and deliver against ambitious net-zero emission targets.

On top of the company’s strong control mechanisms over its supply chain ensuring fair and safe labour practices, the analysis also highlighted the integration of a sustainability target into the compensation system of the executive board.

The interaction between the supervisory board and the executive board was seen to support the overall strategy execution.

 

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What are the key consumer trends driving FMCG in 2022?

The consumer landscape has permanently changed since the COVID-19 pandemic began, prompting trends to emerge or accelerate, causing subsequent macro-economic shifts. In order to stay relevant, Consumer Packaged Goods companies must stay abreast of these developments. It is here that GlobalData can offer valuable assistance. Download GlobalData’s Trendsights: Trends to Watch in 2022 report to:
  • Gain insight into the 12 most important trends across the FMCG value chain
  • See the consumer survey data that underpins these insights
  • Learn what early-movers are already doing in terms of NPD and product marketing
Take a look at this report to give yourself the best standing in this developing market.
by GlobalData
Enter your details here to receive your free Report.

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