The Inditex Group (BME: ITX) which owns Zara, Lefties, Bershka and other coveted tenants for funds investing in Spanish real estate, has been ranked a top 5 world-changing company by Fortune Magazine. Their fourth annual ranking of companies that are using profits to help the planet and tackle social problems has recognized efforts by the Galician-based company to steadily shift production to suppliers with stronger safety records. In 2017, 95% of Inditex’s products were made at those better factories, up from 80% in 2012 and well above industry averages.
Inditex has also proved that implementing ethical standards doesn’t go against making profits as it has posted 7% annual sales growth since 2012. The company also plays an important role in the empowerment of women investing heavily in training on worker safety and encouraging women — which represent 85% of its factory staff— to recognize gender discrimination and defend their rights.
Fortune has made a list of 57 companies and their top 5 is as follows:
|THE TOP 5||Company||Origin||INDUSTRY|
|3||Bank of America||USA||Banking|
|5||Alibaba||China||Internet Services & Retailing|