France : Kering recognised most sustainable textile firm

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Kering recognised most sustainable textile firm

24
Jan '18

Courtesy: Kering

Luxury group Kering has been recognised as the world’s most sustainable textile, apparel and luxury goods corporation, according to the Corporate Knights’ Global 100 index. This marks the third consecutive year that Kering has been included in the ranking, placed 1^st within its own industry and 47^th overall within the 2018 Global 100 index.

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. The index is devised from a starting universe of 7,425 listed companies who represented a market capitalisation greater than $2 billion on October 1, 2017. Evaluated on a suite of 17 quantitative key performance indicators, those corporations selected for inclusion in the Global 100 represent the top 2 per cent in the world on sustainability performance.

"A criterion in all business decisions, traversing all departments and areas of our supply chain, we consider sustainability to be the Kering seal of savoir-faire. Inclusion in Corporate Knights’ 2018 Global 100, as the most sustainable corporation in the textile, apparel and luxury sector, is thus truly an honour for Kering, and a source of motivation to continue our pursuit of a more sustainable luxury," said Marie-Claire Daveu, chief sustainability officer and head of international institutional affairs of Kering.

Kering develops an ensemble of luxury houses in fashion, leather goods, jewelry and watches: Gucci, Bottega Veneta, Saint Laurent, Alexander McQueen, Balenciaga, Brioni, Christopher Kane, McQ, Stella McCartney, Tomas Maier, Boucheron, Dodo, Girard-Perregaux, Pomellato, Qeelin and Ulysse Nardin. Kering is also developing the sport & lifestyle brands Puma, Volcom and Cobra. By 'empowering imagination', Kering encourages its brands to reach their potential, in the most sustainable manner. The group generated revenue of €12.385 billion in 2016 and had more than 40,000 employees at year end. (RR)

Fibre2Fashion News Desk – India

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