On September 8th, Standard Ethics, independent sustainability rating agency with a standard methodology and a proprietary algorithm, announced the launch of the SE European Fashion&Luxury Index. The Index is due to be published in the first semester of 2023. It will be reviewed every six months at end of March and September.
The SE European Fashion&Luxury Index
The Index aims to provide an overview of the level of sustainability within the industry and to assess its progress to date. The analysis will allow companies to compare their current sustainability strategies with those of other players in the sector, and consider ways of improving their ESG approach in line with global guidelines.
The list will focus on 24 companies, among the largest European listed companies in the fashion and luxury sector. From this list, the future 20 Index constituents will be selected, identified primarily by economic dimension. In addition to dimension, analysts will take into consideration the overall approach to sustainability (both with regard to product and supply chains), as well as areas such as the governance of sustainability (including the quality of codes of ethics) and ESG risk management and control.
