Luxury French conglomerate Kering – which owns the likes of Gucci, Bottega Veneta and Alexander McQueen – has ranked in the top 10 of the most sustainable companies in the world, according to Corporate Knights’ annual Global 100 ranking, a well-respected environmental index.
Kering came out in seventh place overall and first in the section of clothing and retail specifically.
The index looked into over 8,000 companies around the world, ranking their sustainability performance through factors including resource, employee and financial management, as well as investment and supplier performance. Kering performed particularly well regarding clean revenue and clean investment.
The French company has been putting sustainability at the forefront of its business strategy for several years now, developing a an environmental profit and loss tool back in 2011, where it quantifies its impact on nature and the environment (specifically, carbon emissions, water consumption, air and water pollution, land use and waste production). The company hopes to reduce its environmental footprint by 40 per cent by 2025.
Meanwhile, another French business topped the list overall. Tech company Schneider Electric was named the most sustainable company in the world by Corportate Knights, who found that 70 per cent of Schneider’s revenue was from sustainable solutions, while 75 per cent of its investment is focused on green innovation.
You can find out more about Corporate Knights’ 2021 annual Global 100 ranking here.
From Harper’s Bazaar UK