Kering retains spot as most sustainable luxury company in the world
For the third time, international luxury giant Kering has been named the world’s most sustainable luxury company. The rankings, put together by DJSI, are the gold standard for corporate sustainability. Kering took top spot in the “Textiles, Apparel & Luxury Goods” sector, getting the highest overall score after assessment in 23 criteria across three categories, as compared with its industry peers.
Kering’s share price has risen by 55% so far this year
SOURCE: Yahoo Finance
Kering works hard to achieve good sustainability goals, and the progressive targets it has in sight with its 2025 sustainability strategy are genuinely industry leading. This is great news for the planet, and Millennial consumers are increasingly incentivizing companies to put environmentalism first. It’s a subject that is close to their hearts, and they’re more likely to spend their money with businesses that share their concerns.
Speaking to the award, Kering’s chief sustainability officer and head of international institutional affairs, Marie-Claire Daveu, said:
“To be included again as the ‘Industry Leader’ in the DJSI annual ranking is an honour and a testament to our long-time commitment and continued efforts to set the highest standards of best practices in Luxury. I am particularly proud that this year we received the top score overall in Product Stewardship, which reflects the strides we have been making on eco-design, material recycling and regeneration, and innovation.”
Dominion holds Kering in its Global Trends Luxury Fund.
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