11 Nov Adidas Scores High For ESG
S&P Global Ratings said that it has assigned Adidas AG an ESG Evaluation of 85.
Its ESG Evaluation is the result of an ESG profile of 79 combined with strong preparedness. Higher numbers indicate stronger sustainability in its evaluations. The ESG Evaluation of 85 reflects S&P’s view that Adidas has a strong emphasis on innovation, supply chain management and customer engagement.
The rating agency said this allows the company to deliver a strong ESG performance and set industry standards. S&P added that Adidas has developed its sustainability strategy earlier than industry peers.
S&P said, “Adidas is committed to reducing and ultimately ending plastic waste, a goal it plans to realize through its innovative solutions and collaborations with industry stakeholders. The company minimizes its high exposure to supply chain risks by strong and long-lasting partnership with its suppliers, compliance with its supply chain code of conduct, regular assessments and improvement measures in case of noncompliance. We view Adidas’ preparedness as strong. The company is well-positioned to navigate disruptions and capitalize on opportunities, which its strategic objectives reflect. Its focus on innovation and partnerships supports its long-term sustainability agenda.”
Adidas is the first Germany-based company and the first company in the apparel sector S&P evaluated with the ESG Evaluation.