ESG Strategy
ESG News
Li & Fung receives impressive A- score in CDP supplier engagement rating, outperforming global and industry averages
We are thrilled to share that Li & Fung has achieved a remarkable A- score in the CDP Supplier Engagement Rating report. This achievement is a testament to our unwavering commitment to promoting sustainability and environmental responsibility throughout our supply chain.
The CDP Supplier Engagement Rating is an important measure that evaluates organizations’ efforts to understand and reduce the environmental impacts of their value chains, setting targets and expectations for suppliers to follow. This rating system assesses how well companies are engaging their suppliers to manage climate change risks, mitigate their impact, and drive sustainability throughout the value chain. By surpassing global averages of companies reporting on CDP and average scores in our industry and Asia, we have set a new standard and achieved the highest score so far for our company.
Through close partnerships with our suppliers, we have gained valuable insights into their production practices, materials sourcing, and sustainability efforts, and are working together to drive positive change throughout our supply chain. Our achievement on the CDP Supplier Engagement Rating is a testament to our unwavering efforts to build a resilient and sustainable supply chain for the long-term benefit of all stakeholders.
