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Kering second most sustainable company

Jan '19
Courtesy: Gucci/Kering
Courtesy: Gucci/Kering
Kering has been named as the world’s second most sustainable company across all industries by the Corporate Knights’ 2019 Global 100 Index. As further recognition of its continued sustainability leadership in its own industry, the luxury group has been ranked first in the Luxury and Apparel and Accessories sectors for the second year in a row.

The annual Corporate Knights’ Global 100 rating index is considered one of the leading benchmarks for corporate sustainability world-wide and reflects the best performing businesses in relation to long-term economic, environmental and social criteria. To achieve its leadership position, Kering was assessed against 21 key performance indicators (KPIs) covering resource management, employee management, financial management, clean revenue and supplier performance.

"The Corporate Knights’ Global 100 Index stands as a barometer for corporate sustainability and we are proud to be recognized 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."

The Corporate Knights’ Global 100 Index is a ranking of the world's most sustainable corporations and is recognized as the joint best index in the world, according to the Branding Institute, for its relevance, insight, trustworthiness and convincing methodology. The 2019 Global 100 Index is devised from a starting universe of some 7,500 companies with $1B+ in revenues. Rigorously analyzed against 21 key performance indicators, those corporations selected for inclusion in the Global 100 represent the top 2 per cent in the world on sustainability performance. The 2019 Global 100 results show that a comparative financial performance and corporate longevity analysis of the Global 100 companies against the MSCI All Country World Index supports the mounting case that sustainable corporate performance is consistent with equal or better returns for investors and greater corporate longevity. (RR)

Fibre2Fashion News Desk – India

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