MILAN — Kering’s commitment to sustainability was recognized on Monday during the virtual World Economic Forum in Davos as the French luxury group was ranked among the top 10 most sustainable companies in the world. It was also rated first in clothing and accessory retail for the fourth year in a row.
Kering maintained its leadership position in the clothing and accessory retail category among 143 companies, assessed against 24 quantitative key performance indicators ranging from resource management, employee management and financial management to clean revenue and investment and supplier performance.
Last year, Marie Claire Daveu, Kering’s chief sustainability officer and head of international institutional affairs, underscored how sustainability is no longer an option but essential to the survival of firms, and how the health crisis conceals an opportunity to create awareness on the topic and finally push companies to act rather than just talk about it.“After and during a crisis, people expect more and more not only from governments but also from companies.
Last June, the group launched its Kering for Nature Fund, committing to set aside one million hectares of land for the transition to regenerative agricultural practices, while also publicly setting science-based targets on biodiversity.
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