Puma welcomed the recognition but Chief Executive Bjorn Gulden said "much remains to be done". Kering's chief sustainability officer, Marie-Claire Daveu, said her company was "fully aware of the challenges ahead"."There are signs of progress but it's largely incremental," Kent said, adding that "we’re not seeing the big transformational leaps that we really do need to see over the next eight years" to meet Paris targets.
The report said companies could lose their cultural relevance and destroy long-term value by failing to act. The companies overall scored highest for progress in reducing emissions out of the areas assessed in the report, but they scored worst in reducing waste. "This is a really gnarly challenge for big executives at any fashion company," Kent said. "How do you figure out a way to satisfy your shareholders and demonstrate that you can continue to drive financial growth without driving growth in production, without continuing to make more and therefore extract more and therefore create more waste?" said Kent.
The report doubled the number of companies it covered to 15. "More companies meant worse outcomes, almost across the board," said Kent.Reporting by Mimosa Spencer; editing by Diane Craft and Jane MerrimanSubscribe to our sustainability newsletter to make sense of the latest ESG trends affecting companies and governments.
They are a top polluter of waters. Many of them have set a 2020 goal 'Detox Challenge' to reduce pollution &utterly failed. At least by now they have proven without regulation voluntarily this won't work. No media reports about goal failure: mediafailure
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