WWF-UK analysed and ranked the 10 largest publicly-traded luxury brand-owners on their environmental, social and governance (ESG) performance. These group companies own brands that include Gucci, Yves Saint Laurent, IWC, Garnier and Louis Vuitton. The ranking is derived from a combination of two types of information: what the companies themselves report to the ethical investment community; and what media and non-governmental organisations have been saying about them. This information was scored, weighted and combined to create a score out of 100, expressed as a grade from A (best) to F (worst).
No company earned better than a grade C+. French group, L'Oréal, topped the ranking, and Italian group Tod's came tenth. As reported by themselves and others, the ESG policies and performance of luxury brands is inferior to that of many other consumer products brands.
WWF-UK urges luxury companies to put sustainability issues at the heart of their business strategy and to benchmark their progress. To do so, they should measure and report their performance in accordance with international guidelines, as set out in the Global Reporting Initiative (GRI).
Luxury group rankings