The Ethisphere Institute has recognised H&M as one of the most ethical companies in the world.
The Swedish fashion label has been awarded the honour by The World’s Most Ethical Companies programme for five years. This event marks its sixth year of recognition.
“We are very proud that H&M is named as one of the world’s most ethical companies.” said Anna Gedda, head of sustainability at H&M. “Being an honouree for the sixth time recognises our commitment to set ethical standards and practices in the fashion industry. We will continue our efforts to lead the fashion industry towards a more sustainable future where ethical and sustainable standards is a prerequisite for success.”
Scores for the award are generated in five key categories: ethics and compliance program (35 per cent), corporate citizenship and responsibility (20 per cent), culture of ethics (20 per cent), governance (15 per cent) and leadership, innovation and reputation (10 per cent) and provided to all companies who participate in the process.
There was only one other company in the clothing industry that received the honour this year, H&M announced on their website.
“Companies that demonstrate leadership in areas like citizenship, integrity and transparency create more value for their investors, communities, customers and employees, thus solidifying a sustainable business advantage,” explained Ethisphere’s chief executive officer, Timothy Erblich.
You can find the full list of 2016 World’s Most Ethical Companies here.
Photo Credit: GMB Akash