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Burberry leads the luxury players on Dow Jones Sustainability Index

Lauretta Roberts
14 September 2018

British luxury house Burberry has emerged as the leading luxury brand in the Dow Jones Sustainability Index and has been included in the list, within the Textiles, Apparel & Luxury Goods sector, for the fourth consecutive year.

The Index measures global businesses, from a wide range of sectors, against economic, environmental and social factors. It is widely used by investors who consider sustainability when making their investment decisions.

Burberry's inclusion comes on the back the early progress it has made against its 2022 sustainability goals which it set for itself last year.

Its “Creating Tomorrow’s Heritage” agenda was launched in 2017 and covers three key areas: inventing new approaches to revaluing waste, whilst becoming carbon neutral in its own operations; ensuring 100% of Burberry’s products have more than one attribute that drives positive change; and supporting one million people in the communities that sustain Burberry’s business and the wider luxury industry.

Burberry's progress against its goals include: a five-year partnership with sustainable luxury company Elvis & Kresse to transform 120 tonnes of leather offcuts into new products; 14% of Burberry’s products now have more than one positive attribute and 28% have one positive attribute; and it has positively impacted 23,000 people through global community programmes such as the Burberry Foundation’s partnership with Oxfam in Italy.

In addition 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.

The business burnished its sustainability credentials further last week by announcing it would no longer destroy unsold product but would seek to reuse, recycle and repair where possible. It has also banned fur and angora from its collections.

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.”

“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.”

The overall Textiles, Apparel & Luxury Goods sector of the Dow Jones Sustainability Index was headed this year by German sportswear giant Adidas.

Burberry's new chief creative officer Riccardo Tisci will present his first collection for the house at London Fashion Week on Monday (17 September). Certain items from the collection will be made available for sale exclusively via Instagram and China's WeChat, and in the brand's newly reimagined flagship store on Regent Street.

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