Industria de Diseno Textil SA (Inditex) designs, manufactures, distributes and retails apparel, footwear and fashion accessories for men, women and children. In addition, Inditex offers home furnishings and household textile products. The company operates in three business segments: Zara, Bershka and Other. Headquartered in Spain, Inditex has operations globally.
Inditex’s Strategic Environmental Sustainability Plan commits the company to strong environmental management and as a result Inditex has numerous initiatives to manage its direct and indirect impacts. The company has voluntarily committed to the Zero Discharge of Hazardous Chemicals Program to eliminate eleven priority substances by 2020. Inditex has gradually included more responsible raw materials into its products including organic cotton, recycled wool, recycled polyester, and fibers produced from recycled cotton pulp and wood pulp from sustainably managed forests. To ensure responsible supply chain labor practices, Inditex has partnered with the Better Work Program of the International Labor Organization and Industrial Global Union that represents workers including textile, garment and leather workers. In addition, the company has a comprehensive audit program which includes pre-assessment, social audits, traceability audits and special audits focused on health and safety. For its own employees, Inditex strongly supports unions across its operations and has an industry leading profit redistribution program.
Inditex does not publicly disclose the full factory list of its third party suppliers. In addition, the company’s CEO and Chairman roles are combined.
Industry: Consumer Discretionary
To the best of our knowledge the above information is accurate and was obtained from sources we believe to be reliable. Neither the information presented above nor any opinion expressed shall be construed as an offer to sell or a solicitation to buy the security. The views expressed are those of portfolio management as of 12/31/2017 and may not reflect current opinions or subsequent events.