RE: GET READY FOR LOCKDOWNS15 Dec 2021 08:24
Bloomberg) -- Boohoo’s targets around sourcing more sustainable materials and increasing supply chain transparency are more ambitious than peers, and the shares should rerate as the apparel retailer rebuilds credibility in environmental, social and governance issues, according to RBC.
10% of ESG funds own Inditex, 8% own Zalando, 4% own H&M and 2% own Asos, analyst Wassachon Udomsilpa writes in a note The figure for Boohoo is 0%, “which has the potential to rise as the market increasingly recognizes the group’s ESG progress”