News

Advanced Search

Pandora Takes Top Spot for Responsible Sourcing

Sep 4, 2018 8:13 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT...
Pandora topped an annual rating comparing responsible sourcing by the 10 largest companies in the fashion industry.

For the second year running, the jeweler ranked ahead of luxury vendors, including Kering, Richemont, LVMH and Swatch Group on MSCI’s yearly Environmental, Social and Governmental (ESG) report.

The investment bank graded Pandora highly for its responsible purchasing of gold and silver, as well as its labor conditions.

“We are dedicated to making our jewelry as sustainable as possible, while also making sure that our employees all over the world enjoy good working conditions,” Trine Pondal, Pandora’s head of sustainability, said Tuesday. “We believe that our initiatives in this area not only benefit Pandora, but also our suppliers and the rest of the jewelry industry.”

The report also graded the companies for their carbon footprints, chemical safety and corporate governance.

Correction, September 12, 2018: The report mentioned in this article was published by MSCI, and not as previously stated.
Tags: kering, LVMH, morgan stanley, Pandora, Rapaport News, Richemont, swatch group, Trine Pondal
Similar Articles
Birks 140Birks Sales, Profit Back on Track
Nov 23, 2021
Sales at Canada-based jewelry retailer Birks Group soared and the company returned to profitability in the first
NRF October 140US Retail Sales Jump as Holidays Start Early
Nov 17, 2021
US retail sales rose in October as consumers began holiday shopping earlier to avoid shortages amid supply-chain disruptions,
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2021 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.