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Puma, the only textile company among the 100 most sustainable in the world

Puma, the only textile company among the 100 most sustainable in the world

The German sports fashion distribution company maintains its presence in the Global 100 ranking of the most sustainable companies in the world, although it falls on the list compared to last year, according to Corporate Knights.

Reuters

Cougar It is the only textile company that is among the hundred most sustainable operators in the world. Global 100 ranking of the Corporate Knights media.

The ranking includes the hundred most sustainable companies in the world, scored according to environmental, social commitment and corporate governance (ESG) indicators.

The multinational Puma was ranked 54th in the ranking, seven places lower than in last year’s classification, but it remains the only company in the textile sector with enough score to enter the ranking, unlike Adidas, which this year left the classification.

Corporate Knights classifies the hundred companies with a turnover of more than US$1 billion according to various indicators, nine of them with fixed weights and the rest according to the impact of each industry on the general economy. Among some of the indicators studied by the magazine, income and investments in services categorized as sustainable stand out, which have half the weight of the final score, or the carbon footprint.

According to data from the report, up to 54% of the German company’s revenue comes from sustainable products. The company, however, did not make any investments in capital or sustainable acquisitions.

Another factor that also affects the classification is the parity of management positions. In this case, 33% of the senior officials of the sports multinational are women.

Puma also benefited from a latest report by the organization KnowTheChain published this month, which ranked it as the second best company for supply chain working conditions among the 65 global fashion giants evaluated.

Source: Ambito

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