Kering has been named the most sustainable corporation in the textile, apparel and luxury sector, according to a new index published at the World Economic Forum in Davos, Switzerland, this week.
The move marks the third consecutive year that the French luxury goods group has been included in the Corporate Knights’ Global 100, placed first within its own industry and 47th overall within the 2018 edition.
The Corporate Knights’ Global 100 is recognised as the joint best index in the world, according to the Branding Institute, for its relevance, insight, trustworthiness and convincing methodology.
Its starting point is 7,425 listed companies who represented a market capitalisation greater than US$2bn on 1 October 2017. Evaluated on a suite of 17 quantitative key performance indicators, this is whittled down to those corporations selected for inclusion in the Global 100, who represent the top 2% in the world on sustainability performance.
Marie-Claire Daveu, chief sustainability officer and head of international institutional affairs of Kering, says sustainability is “a criterion in all business decisions, traversing all departments and areas of our supply chain.”
She adds that inclusion in Corporate Knights’ 2018 Global 100 is “a source of motivation to continue our pursuit of a more sustainable luxury.”
The group behind brands such as Gucci, Saint Laurent, Stella McCartney and Puma generated revenue of EUR12.39bn (US$15.39) in 2016 and had more than 40,000 employees at year-end.
Swedish fashion retailer H&M also made the list, coming in at 57th place overall, compared to 54th in last year’s index. Meanwhile, software firm Dassault Systemes took the top spot as the world’s most sustainable corporation.