Home / Knowledge / News / Fashion / H&M one of the most ethical companies in 2016
H&M one of the most ethical companies in 2016
08
Mar '16
Courtesy: Ethisphere
Courtesy: Ethisphere
Swedish fashion label H&M has been recognised by the Ethisphere Institute as one of the world's most ethical companies for the sixth year.

This year marks the tenth anniversary of Ethisphere and the World's Most Ethical Companies designation. Apart from H&M, there was one other company in the apparel industry were honoured this year, H&M announced on its website.

“We are very proud that H&M is named as one of the world's most ethical companies. Being an honouree for the sixth time recognises our commitment to set ethical standards and practices in the fashion industry. We will continue our efforts to lead the fashion industry towards a more sustainable future where ethical and sustainable standrads is a prerequisite for success,” said Anna Gedda, Head of Sustainability at H&M.

"Companies rely on Ethisphere to continually raise and measure the standards of corporate behavior. Those that demonstrate leadership in areas like citizenship, integrity and transparency create more value for their investors, communities, customers and employees, thus solidifying a sustainable business advantage," explained

Ethisphere's CEO, Timothy Erblich. "Congratulations to everyone at H&M for being recognized as a World's Most Ethical Company."

In 2016, 131 honourees were named spanning 21 countries and 5 continents and representing over 45 industries.

The World's Most Ethical Company assessment is based upon the Ethisphere Institute's Ethics Quotient (EQ) framework developed over years of research to provide a means to assess an organization's performance in an objective, consistent and standardized way. The information collected provides a comprehensive sampling of definitive criteria of core competencies, rather than all aspects of corporate governance, risk, sustainability, compliance and ethics.

The EQ framework and methodology is determined, vetted and refined by the expert advice and insights gleaned from Ethisphere's network of thought leaders and from the World's Most Ethical Company Methodology Advisory Panel.

Scores are generated in five key categories: ethics and compliance programme (35 per cent), corporate citizenship and responsibility (20 per cent), culture of ethics (20 per cent), governance (15 per cent) and leadership, innovation and reputation (10 per cent) and provided to all companies who participate in the process. (SH)

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 27th Feb 2017

Surat to get a mega textile park, centre of excellence

The textiles ministry is positively working on the proposals for a...

Apparel/Garments | On 27th Feb 2017

Myanmar sets up new committee to revise minimum wage

The Government of Myanmar has set up a new committee, replacing an...

Courtesy: Invista

Textiles | On 27th Feb 2017

Invista explores alternatives for apparel & textile trade

Invista, one of the world's largest integrated producers of chemical...

Interviews View All

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search