Click here to check Inditex Policy on Communication and Contact with Shareholders, Institutional Investors and Proxy Advisors. The companies assessed in The BoF Sustainability Index 2022 are: Abercrombie & Fitch Co., Adidas, American Eagle Outfitters, Anta Sports, Asics, Burberry Group, Capri Holdings, Fast Retailing, Fila Holdings Corp., Gap Inc., H&M Group, Herms, HLA Group Corp., Inditex, Kering, Levi Strauss & Co., Lululemon Athletica, LVMH, Next PLC, Nike Inc., Pr. Executive Chairman's statement, We ended 2021 stronger than ever, notching up several quarters of record metrics. Ahorro Corporacin Financiera. Join the webcast here, Zara's pop-up store on Milan's Corso Vittorio Emanuele. Sales, EBITDA and net income reached historic highs. All the personal data provided by you will be stored on a file with the purposes of, among other assumptions that my specified in each case, handling your requests for information, and where . September 14, 2022, 3:13am. percent reduction in emissions across its entire value chain by 2030. Pablo Isla, executive chairman for Zara brand owner Inditex Group, announced corporate sustainability commitments this week that include switching to 100% organic, sustainable or recycled cotton, linen, and polyester by 2025. Ordinary member. Emilio Saracho Rodrguez de Torres. We have increased the use of , sustainable cottonby 90%. Inditex, owner of Zara and Pull & Bear, has recorded record results for the first half of 2022, with sales up 25% year-on-year, hitting 12.8bn and generating record profit of 7.4bn.Its gross margin of 57.9% is the highest it has seen for seven years. . Garca Maceiras joined Inditex in March 2021 as general secretary and secretary of the board. A detail of Inditex shares held by directors (other than significant shareholders) is shown next: * With regard to the first cycle (2021-2024) of the new 2021-2025 Long-Term Incentive Plan, the CEO may receive up to a maximum of 68,562 shares. Spanish retail company Inditex has reported that its revenue for the first quarter (Q1) of the fiscal year 2022 (FY22) grew by 36% to 6.74bn ($7.2bn) compared with the corresponding period of FY21. . 10,000+ Employees, Based in Corua, Spain, Inditex comprises of eight brands: Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home and Uterqe. facebook; twitter; linkedin; pinterest; inditex report sustainability Global production chains in the fast fashion sector, transports ,INDITEX: FROM "LOOK GOOD" TO "DO GOOD" - Technology and Operations ,SPECIAL REPORT: Inditex and IndustriALL Global Union: Getting ,Categorization of Inditex,Inditex: Fast Fashion With A Technological Edge (OTCMKTS:IDEXY ,Sustainable development at . They sell in 202 markets through their online platforms and their over 7,000 stores in 96 markets. PARIS Zara parent Inditex continued its meteoric post-pandemic growth. Inditex Annual Report 2021 | Annual Corporate Governance Report (ACGR)-600-Articles of Association. As announced at our last AGM, we have made our targets even more ambitious, bringing forward delivery of some commitments and adding new challenges. Inditex 's earnings before interests and tax (EBIT) grew by 44% to 2.4bn during the period, while its profit before tax (PBT) also increased by 42% to 2.3bn.. This Sustainability Disclosure complements our Annual and Sustainability Report by providing additional detailed information about strategy, policies, goals, programmes and performance data. Independent. In the annual report it released in March, Adidas . Approved by the Annual General Meeting in July 2000 and amended several times. Australian biotechnology company Nanollose has entered a binding memorandum of understanding (MOU) with global fashion retailer, Inditex. Both targets use 2017 as their baseline. Apple, Boeing, IBM, Inditex, PepsiCo and more have joined the MIT Climate and Sustainability Consortium that launched on Thursday.. It is made up of different areas such as: Management Planning and Control, Treasury, Risk Management, Administration, Processes and Projects, and the Tax area. 2d. Inditex is infusing the Massachusetts Institute of Technology with $4 million to fund a multiyear research project to explore global sustainability challenges as well as promote data analysis that . In 1H2022 Inditex's fully integrated model had a very strong operating performance. They were last amended on 13 July 2021 for the purposes, on the one hand, of encompassing the regulatory development introduced by Act 5/2021 and on the other, aligning its language with the correlative amendments to . At Inditex, we believe fashion is universal, and it must be a force for good, which is why we are going "all in" to transform our industry. Javier Monteoliva Daz, General Counsel and Secretary of the Board, acts as Secretary non-member. Your Inditex career is more than a jobit's a source of passion and endless possibility. "At Gap Inc., our ESG team's vision is to be a driving force in the industry, collectively building a more sustainable future for our business, global community, people and planet. In 2021, our websites received more than 6.2 billion visits 53 (more than 5.2 billion in 2020 and more than 3.5 billion in 2019), equating to more than 17 million daily . The parent company of . Oscar Garca Maceiras, CEO, "The results are . (i.e. Inditex Annual Report 2021 | Integrated Directors' Report-276-One of our customers' chosen ways of learning about our commercial offer is to visit the websites of our various brands, the online showcase for our products. LIFE AT INDITEX, Interim First Half 2022 Results Presentation on 14th September at 9.00 CET. The 2022 Sustainability Report Presented by Informa Markets Fashion in collaboration with leading fashion trade publication, Sourcing Journal Back in 2015, the United Nations adopted 17 Sustainable Development Goals (SDG) designed to empower individuals and businesses alike to tackle climate change and maintain a habitable ecosystem by 2030. Global clothing retailer Inditex, the parent company of Zara, saw "a significant rebound in traffic" to its stores worldwide in the first quarter of fiscal 2022 from Feb. 1 through April 30 . Responsible supply chain management starts with traceability, defined as the ability to identify and trace the performance, use, location and distribution of products, parts and materials. *** Durante el primer semestre de 2022 el modelo integrado de . OUR SUSTAINABILITY ROADMAP, At an early onset, Inditex developed a relationship with the United Nations (UN) in an effort to protect biodiversity, reduce consumption of resources, and combat climate change. Zara Owner Inditex Pledges 100% Organic, Sustainable or Recycled Materials. Explanations on the Revisions of Inditex's Sustainability Report for Consumers Inditex is well known for their sustainability efforts in the apparel industry. LONDON - Zara owner Inditex has come bottom in new sustainability rankings of the 40 largest listed companies in Spain compiled by the Standard Ethics . Primark to exit Myanmar after ETI report Thursday, 15 Sep 2022. The 13 member companies, referred to as the "heart of global . Under the MOU, Nanollose Limited and Spanish retail company Inditex, which owns Zara, have agreed to the non-exclusive delivery of "tree-free" (and/or blended) nullarbor lyocell samples from the company . Some critics, citing the company's past . At its annual general meeting Tuesday,. Financial Zara has well oiled fast fashion giant. Spanish multinational clothing company Inditex (OTHER OTC:IDEXF +4.53%) , which owns large retailers like Zara and Bershka, announced in its 2020 annual report that its net income fell by 70 . In 2021, 47% of our products already carried that label. The Board of Directors plans to submit for approval at the 2022 Annual General Meeting the following proposed resolutions, as separate agenda items: (i) the Annual Report on Remuneration of Directors for the year ended 31 January 2022; (ii) the amended Directors' Remuneration Policy for financial years 2022 and 2023; and (iii) the proposed . Affiliate. Analyst coverage. *Duties inherent in the audit committee of ZARA ESPAA, S.A. 2021 Inditex Annual Report, Search, Sound, 2021 in review, 365 days pushing hard for the sustainable transformation of our sector. Inditex Annual Report 2021 | Integrated Directors' Report-491-Climate governance The Group's sustainability strategy and its policy on climate change is approved at the highest level by the Board of Directors of Inditex. Inditex Chair of Refugees and Forced Migrants in the Comillas Pontifical University This chair was created in 2016 to further academic research into migration, improve aid to migrants and refugees on the ground and to raise social awareness. Lenzing switching to renewable energy in China Friday, 16 Sep 2022. It also conducts projects for the integration of refugees in European cities. * Please note that, according to the Inditex Group's Data Protection Policy. Accordingly, our suppliers are required to report the factories involved in fulfilling each order received, broken down by units and processes. 43 / 2022 SOURCING REPORT. Sustainability at a Glance $36 Million invested in employee training in 2021 $267 Million spent with Indigenous suppliers in 2021 69% local employment at our operations in 2021 30% new hires in 2021 were women 29% of total procurement with local suppliers in 2021 $23.9 Million invested in local communities in 2021 Policies and Commitments Framed by our commitment to sustainable development, here at Inditex we are working hard on circularity, an end-to-end production and management model that goes from design to end of product life, promotes the recycling and reuse of garments to extend their life cycle and so minimises the consumption of natural resources and energy and the disp. Rodrigo Echenique Gordillo. Banco Sabadell, Arancha Pieiro Bankinter, Elena Fernandez-Trapiella Janssen Bankinter Securities. Courtesy Photo. The impact of climate change, the human influence on the natural world, and a scarcity of natural resources impacts us all. Barclays, Nicolas Champ Berenberg, Graham Renwick Berstein At our Annual General Meeting in July 2021, we announced our target of having 50% of the articles we put on sale carry our Join Life label in 2022, which is significantly more ambitious than our last target (25% Join Life in 2020). 0.002 %). In 2001,. CEO's statement, With extensive experience in corporate and team management, he [] Inditex | 2020 Annual Report, About Inditex Lines of action Protect Drive Develop Collaborate Appendices Annual accounts How we report, We surpassed our target of 25% of the garments we put on the market having the Join Life, label, with more than 35%of our garments with this label. None of our achievements would be possible without the people here at Inditex. ** Last updated on 30/04/2022, PARIS Zara owner Inditex is ramping up its sustainability initiatives, moving forward its zero net emissions ambition to 2040, instead of 2050 previously. 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