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Kering Makes Global 100 Sustainability Index, H&M Jumps in Rankings

Gucci owner Kering earns spot on Global 100 index

Luxury goods giant Kering earned a spot on Corporate Knights’ latest Global 100 index, a ranking that recognizes international companies’ sustainability efforts.

Placed 43rd overall and second within the textile, apparel and luxury goods category, it’s the first time the French conglomerate—which owns Gucci, Saint Laurent, Stella McCartney and Alexander McQueen, among others—has been included on the list. The group’s rating is based on its sustainability performance in 2015, a year during which it published its environmental profit and loss results.

“With 2016 to mark the redefinition of Kering’s current sustainability targets and the beginning of our strategy’s next chapter, we are entering a crucial period of evaluation and analysis. Such cross-industry benchmarks are thus of heightened importance, motivating us to drive our group toward even greater economic and environmental efficiency,” Marie-Claire Daveu, chief sustainability officer and head of international institutional affairs at Kering, said.

Companies that make the Global 100 index are selected from 4,353 listed firms with a market capitalization greater than $2 billion on Oct. 1, 2015. Nineteen of the names on the list are based in the United States, 11 are headquartered in France, and Canada and the United Kingdom each house nine.

Also notable was this year’s finding that 87 percent of the firms on the index provided a monetary bonus to executives who achieved sustainability targets.

Activewear leader Adidas dropped in this year’s ranking, falling from third place to fifth, despite such sustainability efforts as its partnership with Parley for the Oceans. Meanwhile, Swedish fast-fashion retailer H&M’s ranking significantly improved compared to last year’s index, jumping from 75th place to 20th.

According to Corporate Knights, the most sustainable corporation in the world is German automaker BMW, which it said turned in top-quartile performance against peers for its efficient use of water, energy and lack of waste.

“Global 100 companies demonstrate ambition and achievement on a broad spectrum of indicators. Striving to make the world a better place, they are where people want to work, firms we want to buy from and invest in for the long term,” Toby Heaps, CEO of Corporate Knights, said.

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