Luxury French conglomerate Kering has been named the most sustainable company in the fashion and luxury goods industry and the second most sustainable company in the world across all industries, according to the Corporate Knights 2019 Global 100 Index.
The luxury goods brand, which boasts names such as Balenciaga, Gucci and Yves Saint Laurent, leapt in the rankings from last year’s 47th place. Kering ranked 80th in 2017.
Inditex and Adidas were the only two other companies in the luxury, apparel and accessories industry which made the list, coming in 54th place and 84th place, 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 recognised 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.