Leading brands adidas and Nike have missed The Dow Jones Sustainability Index (DJSI), while Fast Retailing has for the fast time secured its position in the same.
The index saw a record number of corporate participants this year, up 18.9 per cent from 2019.
It is pertinent to mention here that the annual DJSI review evaluates the sustainability performance of the largest 2,500 companies listed in the Dow Jones Global Total Stock Market Index.
As far as textiles and apparel retail industry is concerned, Moncler SpA, Burberry, Hugo Boss, Kering, H&M, Industria de Diseño Textil, S.A., Lojas Renner S.A, Marui Group Co. Ltd., Rakuten Inc., Gildan Activewear, Kohl’s Corp., Gap Inc., Wesfarmers Limited were among the mentioned.
Fast Retailing, entering for the first time in the Dow Jones Sustainability World Index, has said that it is honoured to be included in the same, and it is recognition of the continued dedication by Fast Retailing to unlock the power of clothing and to make the world a better place.
Moncler was named a leader based on its total sustainability score in 2020.
“Being recognised as Industry Leader in the Dow Jones Sustainability Index for the second consecutive year is testimony to the fact that sustainability is an increasingly strategic asset in the development of our company. It is a commitment we make to all stakeholders and moral duty to our children and to everyone’s future,” said Remo Ruffini, Moncler’s chairman and CEO.
It is pertinent to mention that adidas has been continuously listed in top positions in this Index since its launch 21 years ago. The brand will now thoroughly analyse the results and will do our utmost to increase its score to be included in the index again next year.