Press Release
Sustainability
2024-11-28FILA Holdings earns first inclusion in global ESG index FTSE4Good
- With an excellent performance in all areas, FILA Holdings surpasses industry sustainability standards as it makes its debut in the famously stringent FTSE4Good Index Series
FILA Holdings announced today that it has been included for the first time in the FTSE4Good Index Series, earning global recognition for its excellence in all areas of sustainability management.
Created by the global index and data provider FTSE Russell, the FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social, and Governance (ESG) practices. The FTSE4Good indexes are used by a wide variety of market participants to create and assess responsible investment funds and other products. FTSE Russell evaluations are based on performance in areas such as Corporate Governance, Health & Safety, Anti-Corruption, and Climate Change. Businesses included in the FTSE4Good Index Series meet a variety of environmental, social, and governance criteria.
Of around 8,000 companies evaluated for their performance in over 300 areas, 1,119 firms have been included in the index series as of 2024. FILA Holdings is one of only 24 companies in the “Retailers” category, receiving an excellent evaluation in all areas and scoring above the industry average. In particular, it achieved a top score for its supply chain management and was assessed to have made continuous efforts to improve supply chain transparency and management systems. FILA Holdings operates a supply chain management team to oversee ESG issues, addressing risks related to concerns such as human rights, safety, and the environment by ensuring compliance with the FILA Group Code of Conduct from its business partners.
FILA Holdings’ dedication to sustainability management has been further underscored by becoming the first company in the domestic fashion industry to proactively respond to international climate action through its declaration of support for the Task Force on Climate-Related Financial Disclosures (TCFD). It has also enhanced transparency by disclosing its sustainability management performance in accordance with the standards of the Sustainability Accounting Standards Board. In addition, it has been a member of the UN Global Compact since 2021, solidifying its commitment to corporate social responsibility. Based on its efforts, FILA Holdings has an industry-leading “Low Risk” rating from global ESG evaluation agency Sustainalytics.
"Our first inclusion in the FTSE4Good Index Series is an important milestone in our leap towards being a global sustainability management model company," an official from FILA Holdings said. "We will continue to make active investments and pursue constant innovation in the name of sustainability management, creating a sustainable future with our stakeholders."