GREEN POWER: Adidas, L’Oréal, Hennes & Mauritz, Marks & Spencer, Kering and Unilever have been recognized as six of the world’s most sustainable corporations, according to Corporate Knights’ most recent Global 100 index, which is to be officially released at the annual World Economic Forum in Davos today.
Those companies come in at number 5, 14, 20, 21, 43 and 47, respectively. Meanwhile, German carmaker BMW ranks first.
This marks Kering’s first inclusion in the Global 100, and is based on the evaluation of its sustainability performance in 2015, a year during which the group published its first environmental profit and loss results. Kering is the only luxury corporation to be included in the 2016 Global 100 ranking compiled by the Canadian-based media and research company, and it placed second within the index’s textile, apparel and luxury goods category, behind Adidas.
“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,” stated Marie-Claire Daveu, Kering’s chief sustainability officer and head of international institutional affairs.
The index culls 4,353 listed companies that represented a market capitalization greater than $2 billion on Oct. 1, 2015.