Among some of the best scores gained this year by players in the textile and apparel industry, there are LVMH Group, Lenzing and Fast Retailing Group.
LVMH and Lenzing get "AAA" by CDP
Lvmh, the French luxury group that owns maisons such as Louis Vuitton, Dior and Fendi, has been awarded triple A status by the Cdp-Carbon disclosure project. The French luxury giant was honored for its leadership in corporate transparency and performance on climate change, forest and water conservation by the international environmental organization.
The company is involved in a responsible use of resources as, for instance, the fiber pulp derived from wood and water are among the most important raw materials for the sustainable production of Lenzing cellulose fibers and also among the most important core areas of the Lenzing Group's sustainability strategy.
Lenzing sources wood and dissolving pulp from sustainably managed forests and plantations and not from old-growth, protected or endangered forests. Lenzing's bio-refinery process ensures that 100% of the wood ingredients are used to produce fiber pulp for fiber production, bio-refinery products and bioenergy.
In addition, with Refibra and Eco Cycle technologies, Lenzing offers solutions for the conversion of the textile and nonwovens industry from a linear to a circular economy.
Transparency is also at the basis of the group strategy through a specific fiber identification system and e-branding service, while the Textile Genesis blockchain project uses data to enable maximum traceability.
Europe plays it cool
The year 2022 has shown a significant result of "A" rated companies from Europe, as explained by Maxfield Weiss, executive director, CDP Europe. "This year, around 20,000 companies disclosed their environmental data to CDP, including 70% of European companies by market value," he said.
"COP 27 has shown that fundamental change is needed more than ever if we are to limit global warming to 1.5 °C. I am therefore pleased that European companies make up almost half of all companies on the 'A list' globally, including 15 with two 'A' ratings and eight with three times 'A' for their leadership on climate, forests and water security. We need to halve emissions and stop deforestation by 2030, while securing water supplies over the same period - we can't meet the 1.5 degree target without nature," continued Weiss.
"With the EU's ground-breaking new Corporate Sustainability Reporting Directive (CSRD) now adopted, CDP's 'A-list' companies are showing they are ahead of the game. They are taking clear action to reduce emissions and manage environmental impacts throughout their value chain. This is the kind of environmental transparency and action we need across the economy to prevent environmental collapse," continued the manager of CDP Europe.
Fast Retailing, an "AA" rating from Asia
Fast Retailing, the Japanese retail holding company behind various brands including Uniqlo, GU, Theory, PLST (Plus T), Comptoir des Cotonniers, Princesse Tam Tam, J Brand, and Helmut Lang, has also been recognized for leadership in corporate transparency and performance on climate change and water security by CDP, securing a place on its annual ‘A List’ receiving a double "A" (AA) rating.
Yukihiro Nitta, group executive officer responsible for sustainability, Fast Retailing, commented about the recognisement: “We are very pleased to be recognized by CDP for our transparency efforts. Everyone at Fast Retailing is committed to demonstrating an entirely new type of apparel industry to the world, where our business and our range of Life Wear products naturally prioritize sustainability. Making the 2022 A List an important milestone.”
Fast Retailing is offering its Life Wear concept that aspires to be the ultimate in everyday clothing, designed to make everyone's life better-to create apparel that not only emphasizes quality, design, and price, but also meets the definition of "good clothing" from the standpoint of the environment, people, and society.
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