As part of this, Burberry has launched a five-year partnership with sustainable luxury company Elvis & Kresse to transform 120 tonnes of leather offcuts into new products. Burberry also has ongoing partnerships in the UK and Italy to recycle textiles. Burberry procured 48 per cent of its total energy (including 56 per cent of its electricity) from renewable sources in 2017/18, an increase of 24 per cent from the previous year. Burberry is also a member of RE100 to drive demand for low carbon power.
Burberry recently announced that it will stop the practice of destroying unsaleable products, a commitment which is supported by its business strategy to tackle the causes of waste.
"We are incredibly proud to be the leading luxury brand in the 2018 Dow Jones Sustainability Index. At Burberry, we are passionate about finding ways to be socially and environmentally responsible in everything we do, from investing in the communities at the heart of our business to creating innovative ways to tackle the most pressing issues faced by our industry. We will continue to expand these efforts as we work towards our responsibility goals to 2022 and beyond," Leanne Wood, Burberry’s chief people, strategy and corporate affairs officer, said.
"I congratulate Burberry for being included in the DJSI. Companies that compete for a coveted place in the DJSI challenge themselves to continuously improve their sustainability practices and we are pleased to see that the number of companies that commit to achieving measurable positive impacts continues to rise," Manjit Jus, head of ESG Ratings at RobecoSAM, said.
The index is a trusted benchmark for investors who integrate sustainability considerations into their decision-making and investments. It is a significant global metric, evaluating economic, environmental and social factors. (RR)
Fibre2Fashion News Desk – India
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