The European Union has committed almost €550 billion to green projects over the next seven years, almost a third of its recovery package, while President Joe Biden has pledged to spend US$2 trillion on tackling climate change. There have also been notable commitments from China, Japan and South Korea to become net-zero economies, offering a clear sign of increased ambition in Asia that should transform the investment landscape in the region. The Corporate Knights Global 100 index continues to demonstrate that sustainability is good business and enables companies to outperform their peers.
Kering, with luxury brands as Saint Laurent, Bottega Veneta, Balenciaga, Brione or Gucci, was recognized yesterday during the virtual World Economic Forum in Davos among the top 10 most sustainable companies in the world. The luxury company placed seventh out of 8,080 companies around the world and once again topped its own sector in the Corporate Knights 2021 Global 100 index. The Global 100 companies represent the top 1 percent in the world on sustainability performance.
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.