Kering, the French holding group, and Swedish fashion company H&M have made it to the annual list of Corporate Knights’ Global 100 Index.
The report was released at the ongoing World Economic Forum in Davos. While Kering emerged as the most sustainable textile, apparel and luxury goods corporation, H&M secured its place as the most sustainable speciality retail company in the list.
Kering, which secured 66.80 per cent score, found itself at the 47th position in the list, up from 80th last year; whereas H&M secured 65.08 per cent for the 57th spot, slipping away from 54 last year.
Kering owns fashion brands like Alexander McQueen, Balenciaga, Brioni, Gucci, Puma, Volcom, Saint Laurent Paris and other luxury and sports & lifestyle brands. Pertinent to mention here that Gucci, owned by Kering, decided to stop using fur (of animals including coyote, mink, fox and rabbit) in its products last year and joined the Fur Free Alliance, a conglomeration of more than 40 organisations known for campaigning for animal welfare.
“Kering feel honoured on being named as the most sustainable company in the textile, apparel and luxury sectors. This success will be a great source of motivation for us,” Kering’s Chief Sustainability Officer Marie-Claire Daveu was quoted as saying.
Software company Dassault Systemes was tagged as the most sustainable company in the world as it secured 86.13 per cent in the Corporate Knights’ Global 100 Index.
