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The latest news and analysis about corporate social responsibility and sustainability.
EssilorLuxottica sees first signs of recovery
EssilorLuxottica is seeing the “first signs of recovery” as lockdowns introduced worldwide to slow down the spread of the Covid-19 pandemic are lifted. In a prepared message delivered to shareholders at the company’s annual general meeting, the executive chairman Leonardo Del Vecchio and executive vice-chairman Hubert Sagnières indicate that the ...
WGSN sees three major consumer groups emerging from the crisis
The coronavirus pandemic has accelerated societal changes and is forcing industries worldwide to adapt to the resulting changes in consumption, and WGSN has set out to predict what consumers will be looking for in the next couple of years.
Luxottica joins forces with Padua university to manage Covid-19
Luxottica is intensiving measures to combat Covid-19. A new protocol, including blanket testing and sensors to maintain and monitor social distancing, is being implemented in Italy and will be extended to all of its facilities worldwide.
EssilorLuxottica’s Q1 sales drop by 10%
EssilorLuxottica’s first-quarter revenues were down by 10.1 percent from the year-ago quarter to €3,784 million, or by 10.9 percent in constant currencies, due to the impact of the Covid-19 pandemic. But, the company is confident that pent-up demand will underpin sales when the crisis is over. Thanks to its financial ...
Safilo to use regenerated nylon produced by Aquafil
Safilo is making a significant pitch for sustainability by adopting a new material, Econyl. This is a regenerated nylon produced by Aquafil, an Italian manufacturer of synthetic fibers that is becoming increasingly popular among fashion and sportswear brands, but has never before been used in the eyewear industry.
Danish sunglasses made from ocean waste
A company based in Copenhagen, called Responseability (sic), is resorting to Kickstarter to help finance the launch of a sustainable collection of four unisex sunglasses made from 100% ocean waste plastic, where each pair is said to remove 1 kg of plastic from the ocean. The glasses are made of ...
Germany faces up to the disease differently
Governments around the world have stepped up restrictions on the movement of their citizens to reduce the spread of Covid-19, which, according to the World Health Organization (WHO), has infected over 780,000 and killed more than 37,000 people globally.
EssilorLuxottica starts to cope with Covid-19
On March 27, EssilorLuxottica said it had stopped a share buyback program that it had announced only 10 days earlier, due to the growing uncertainty being created by the rapidly expanding Covid-19 pandemic. It’s one of the measures that the group is implementing to improve its liquidity in view of ...
Essilor is recognized as a Diversity Leader
Essilor has been awarded the title of “Diversity Leader 2020” by the Financial Times (FT). The French eyewear group ranked 62nd out of a total of 10,000 companies in the FT’s new annual ranking of diversity and inclusion in the workplace. The assessment covered the companies’ achievements in multiple types ...