Burberry is the leading luxury brand in the 2018 Dow Jones Sustainability Index
14 September 2018
Burberry is the leading luxury brand in the 2018 Dow Jones Sustainability Index (DJSI), and has been included for the fourth consecutive year in the ‘Textiles, Apparel & Luxury Goods’ sector. Burberry’s score reflects its commitment to drive positive change, as well as its early progress towards its responsibility goals to 2022, which were launched in 2017.
The index is a trusted benchmark for investors who integrate sustainability considerations into their decision-making and investments. It is a significant global metric, evaluating economic, environmental and social factors.
Burberry is also a constituent of the FTSE4Good Index and the MSCI World ESG Leaders Index, participant in the Carbon Disclosure Project (CDP), signatory of the UN Global Compact, member of the Ethical Trading Initiative, Principal Partner of the Living Wage Foundation and a core partner of the Ellen MacArthur Foundation’s Make Fashion Circular initiative.
Last year, Burberry launched its new responsibility agenda, “Creating Tomorrow’s Heritage”, focusing on three ambitious goals that cover the entire footprint of Burberry’s operations:
Invent new approaches to revaluing waste, whilst becoming carbon neutral in its own operations.
As part of this, Burberry has launched a five-year partnership with sustainable luxury company Elvis & Kresse to transform 120 tonnes of leather offcuts into new products. Burberry also has ongoing partnerships in the UK and Italy to recycle textiles. Burberry procured 48% of its total energy (including 56% of its electricity) from renewable sources in 2017/18, an increase of 24% from the previous year. Burberry is also a member of RE100 to drive demand for low carbon power.
Burberry recently announced that it will stop the practice of destroying unsaleable products, a commitment which is supported by its business strategy to tackle the causes of waste.
Ensure 100% of Burberry’s products have more than one attribute that drives positive change
Positive attributes relate to social and environmental improvements achieved at the raw material or manufacturing stage of our supply chain. For example, if the product is made with cotton sourced through the Better Cotton Initiative or with leather from a certified tannery it has a positive attribute. Only one year into the new strategy, 14% of Burberry’s products have more than one positive attribute and 28% have one positive attribute.
Last year the company supported the Burberry Foundation in establishing the Burberry Material Futures Research Group with the Royal College of Art to invent new sustainable materials and produce leading-edge research available to the wider fashion industry.
Burberry also recently confirmed it will no longer use real fur, and will phase out existing real fur products.
Support one million people in the communities that sustain Burberry’s business and the wider luxury industry
So far, Burberry has positively impacted 23,000 people through global community programmes such as the Burberry Foundation’s partnership with Oxfam in Italy, to help support community cohesion in Tuscany, and its work with Oxfam and Pur Projet in Afghanistan, to develop a more inclusive and sustainable cashmere industry.
The Burberry Foundation also works closely with Teach First, The Careers & Enterprise Company and MyKindaFuture to support young people in disadvantaged communities across Yorkshire and London. To date, over 800 students have been engaged through school workshops, inspiration days and work experience weeks, while over 10,000 students have been provided with better access to local employers and career opportunities.
Further information on Burberry's corporate responsibility programme can be found here.
Leanne Wood, Burberry’s Chief People, Strategy and Corporate Affairs Officer commented: “We are incredibly proud to be the leading luxury brand in the 2018 Dow Jones Sustainability Index. At Burberry, we are passionate about finding ways to be socially and environmentally responsible in everything we do, from investing in the communities at the heart of our business to creating innovative ways to tackle the most pressing issues faced by our industry. We will continue to expand these efforts as we work towards our responsibility goals to 2022 and beyond.”
Manjit Jus, Head of ESG Ratings at RobecoSAM added: “I congratulate Burberry for being included in the DJSI. Companies that compete for a coveted place in the DJSI challenge themselves to continuously improve their sustainability practices and we are pleased to see that the number of companies that commit to achieving measurable positive impacts continues to rise.”
NOTES TO EDITORS:
- Burberry is a global luxury brand with a distinctive British attitude.
- Burberry designs and sources apparel, accessories and beauty, selling through a diversified network of retail (including digital), wholesale and licensing channels worldwide
- Burberry, which is headquartered in London, was founded in 1856. It is listed on the London Stock Exchange (BRBY.L) and is a constituent of the FTSE 100 index.
About the Dow Jones Sustainability Indices
The Dow Jones Sustainability Indices were launched in 1999 as the first global sustainability benchmarks. The indices are created by RobecoSAM and S&P Dow Jones Indices. The family of indices tracks the stock performance of the world's leading companies in terms of economic, environmental and social criteria. The indices serve as benchmarks for investors who integrate sustainability considerations into their portfolios, and provide an effective engagement platform for companies who want to adopt sustainable best practices.
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