H&M among world’s most ethical companies: Ethisphere | Sustainability News Sweden
Home » News » Sustainability News » Hm Among Worlds Most Ethical Companies Ethisphere

H&M among world’s most ethical companies: Ethisphere

Share: 
      Newsletter

READ MORE ON Fashion BrandH&MSustainability News Sweden

H&M

Image Courtesy: accessoriesmagazine.com

H&M, the Swedish multinational fast fashion retailer, has made it to the list of 124 companies spanning five continents, 19 countries and 52 industry sectors as the 2017 World’s Most Ethical Companies honourees. The list was announced by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices.

“It’s a great honour for H&M to be named one of the world’s most ethical companies. Our commitment to be ethical throughout our operations is firmly rooted in our values and key for our work to lead the change towards a sustainable fashion future,” Karl-Johan Persson, CEO at H&M was quoted as saying.

Since 2007, Ethisphere has honoured those companies that recognize their role in society to influence and drive positive change in the business community and societies around the world. These companies also consider the impact of their actions on their employees, investors, customers and other key stakeholders and leverage values and a culture of integrity as the underpinnings to the decisions they make each day.

Also ReadH&M notes growth in sales

“Over the last eleven years we have seen an impressive shift in societal expectations, aggressive emergence of new laws and regulation and geopolitical swings that can further disrupt the balance. We have also seen how companies honoured as the World’s Most Ethical respond to these challenges. They invest in their local communities around the world, embrace strategies of diversity and inclusion and focus on long term-ism as a sustainable business advantage. In short, these companies are transformative, not just out of need, but because they recognize that integrity is the key to their advancement,” explained Timothy Erblich, CEO, Ethisphere.

Among the 2017 list of companies are 13 eleven-time honourees and 8 first-time honourees.

 

Have some news? Let us know on news@apparelresources.com

Comments are closed.

Recommended by Apparel Resources

Burberry funds university to develop sustainable materials

A fund of £ 3 million has been granted by the Burberry Foundation to Royal College of Art (RCA) to start Burberry Material...

AMSilk gets TÜV SÜD certification

AMSilk GmbH, world’s first industrial supplier of synthetic silk biopolymers for use in textile products and medical devices, has received certification according to...

Grasim Industries earns USDA Biobased Certification

Grasim Industries Limited, a flagship company of Aditya Birla Group, has earned the US Department of Agriculture (USDA) Certified Biobased Product Label for...

Bangladesh among 10 worst nations for workers: Report

The world’s second largest garment exporter, Bangladesh boasts of a labour-intensive industry that provides employment to a large chunk of the country’s population....

YOOX NET-A-PORTER bans sale of angora

YOOX NET-A-PORTER, a luxury fashion group, has committed to end the sale of angora across all its platforms followed by its adoption of...

Italy, Netherlands to come together for sustainable fashion business

The inking of MoU between Dutch association for the Fashion and Textile industries MODINT and Sistema Moda Italia (SMI), trade association for the Italian...

Denim North America launches ‘Sustainable R3 Denim’

Denim North America (DNA), a division of DNA Textile Group, has launched its next generation ‘Sustainable R3 Denim’ collection called EcoSure BioBlast Denim. The product...

Girlfriend Collective recycling bottles to make leggings

Direct-to-consumer active wear brand, Girlfriend Collective is finally launching its full range of luxury athletic apparels, firmly committed to sustainability. The brand tested...

Genesta inks by Epson bags ECO PASSPORT certification

Epson, a pioneer in digital textile printing technology, and its owned companies FOR.TEX and F.lli Robustelli, have announced that its full range of Genesta...

Shasha Denims focusing on less water consumption

Shasha Denims, one of the leading export houses in Bangladesh, spoke about their efforts to introduce their new sustainable processes in world market to Apparel Resources. “Our journey over the...