Kering ranked most sustainable company in fashion

Luxury French conglomerate Kering has been named the most sustainable
company in the luxury and fashion industry and the second most sustainable
company in the world across all industries, according to Corporate Knights’ 2019
Global 100 Index.

The luxury goods brand, which boasts names such as Gucci, Saint Laurent
and Balenciaga, jumped up in the rankings from 47th place in 2018 and 80th
place in 2017.

In the index, which is considered one of the leading benchmarks for
corporate sustainability world-wide according to the Branding Institute,
Kering was assessed against 21 key performance factors covering resource
management, employee management, financial management, clean revenue and
supplier performance.

Kering leads the way in sustainable fashion

Based on these 21 factors, Kering received an overall score of 81.55
percent, beaten only by Danish bioscience company Chr. Hansen A/S with
82.99 percent. Inditex and Adidas were the only two other companies in the
luxury, apparel and accessories industry which made the list, coming in
54th place with 64.98 percent and 84th place with 54.2 percent,
respectively.

Marie-Claire Daveu, chief sustainability officer and head of
international institutional affairs at Kering, said in a statement: “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.

“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 2019 Global 100 Index analysed some 7,500 companies with revenues of
over a billion dollars, and represents the top 2 percent in the world on
sustainability performance.