Arteixo, Spain, 2016-Sep-13 — /EPR Retail News/ — Inditex has been named the most sustainable company in the retailing industry by the Dow Jones Sustainability Index, having scored 80 out of a possible 100 points. The ranking, compiled by the sustainability investing specialist RobecoSam, highlights Inditex’s “leadership within the retail industry with its pioneering stance on human rights” in the supply chain.
In its report on this year’s review, RobecoSAM notes that Inditex “has implemented best-in class human rights policies, due diligence processes and comprehensive risk assessments”, going on to underscore its approach to “public disclosure”, which sets a “new high standard” for the rest of the industry.
As for its environmental performance, the publication flags the reduction in “energy and water consumption”, demonstrating a special “commitment to operational eco-efficiency”. Dow Jones also refers to the company’s ‘Closing the Loop’ programme under which it has set itself “a new goal to eliminate all waste from its own activities by 2020”.
Inditex scored a total of 80 out of a possible 100 points, putting it well head of the industry average of 36 points. More specifically, Inditex scored 97 out of a 100 along the environmental dimension and 76 points along each of the social and economic dimensions.
Inditex has been a member of the Dow Jones Sustainability Index since 2001, having consistently been the retailing industry leader. The ranking, which dates back to 1999, assessed 2,535 companies from all over the world this year. A total of 316 companies from 24 different sectors were selected for the 2016 edition of the ranking.
The Dow Jones Sustainability Index is the gold standard for sustainability investing; each year it tracks the leading sustainability-driven stocks based on analysis of financially-relevant environmental, social, and governance (ESG) factors. The components of the Dow Jones Sustainability Index stand out for their leadership in their respective sectors along the economic, environmental and social dimensions. Within each of these three dimensions, the contenders are evaluated across a host of parameters, from corporate governance to supply chain management, customer service systems, eco-efficiency policies and even the transparency of their sustainability reporting efforts.
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