Adidas receives a high ESG rating for its sustainability efforts

YarnsandFibers News Bureau 2021-11-12 10:13:22 – Germany

German sportswear brand, Adidas, has been awarded a strong ESG rating for its sustainability and ESG performance in an assessment by rating agency S&P.

A higher number out of 100 indicates the lowest level of risk, while a lower score indicates the ability of a corporation to plan for potential dangers.

Adidas had a score of 79 out of 100 in the environmental, social, and governance categories, making it one of the highest-scoring firms in the study. Adidas was ranked sixth in the entire S&P global rating universe with an overall ESG evaluation score of roughly 85.

The brand's attitude to innovation, supply chain management, and consumer involvement was highlighted in S&P's report. It was also praised for its desire to employ sustainable materials and expand its circular services.

Adidas' supply chain management procedures, which help to ensure fair and safe labor standards, were praised, as was the robust connection between the supervisory board and executive board. Adidas' inclusion of a sustainability target into the executive board's remuneration system was also highlighted.

Martin Shankland, a member of Adidas' executive board responsible for global operations, said that they've redoubled their commitment to sustainability as a focal area in their Own the Game strategy, and they're delighted to see this being recognized outside. Their leadership approach to managing sustainability across all dimensions and across the entire firm is exemplified by the results.

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