Kering has been named the most sustainable corporation in the Luxury and Apparel and Accessories sectors for the second consecutive year, according to a new index published at the World Economic Forum in Davos, Switzerland, this week.
The French luxury goods group also took second place across all industries in the annual Corporate Knights’ 2019 Global 100 Index.
The 2019 edition marks the fourth consecutive year that Kering has been included in the index, moving up from its spot in 47th place across all industries last year.
The annual Corporate Knights’ Global 100 rating index reflects the best performing businesses in relation to long-term economic, environmental and social criteria. It 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 7,500 listed companies with more than US$1bn in revenues. Evaluated on a suite of 21 quantitative key performance indicators – covering resource management, employee management, financial management, clean revenue, and supplier performance – 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.
“The Corporate Knights’ Global 100 Index stands as a barometer for corporate sustainability and we are proud to be recognised as the most sustainable company in the Luxury sector and in Apparel and Accessories,” said Marie-Claire Daveu, chief sustainability officer and head of international institutional affairs at Kering.
“We are also pleased to have placed second across all industries. This reflects our dedication and perseverance to embed sustainability best practices across our business activities and it also acts as a ‘proof of concept’ that a business can achieve financial success while delivering positive social and environmental outcomes.”
Spanish fashion retail giant Inditex and German sporting goods giant Adidas also made the list this year, taking 54th and 84th place respectively overall. Meanwhile, global bioscience company Chr. Hansen Holding A/S took the top spot as the world’s most sustainable corporation.