Salvatore Ferragamo enters Euronext's MIB ESG index

(Alliance News) - Salvatore Ferragamo Spa announced on Tuesday its re-entry, as of March 18, into Euronext's MIB ESG index, the Environmental, Social and Governance basket dedicated to Italian blue-chips that identifies the top 40 listed companies with ESG best practices.

"Ferragamo's return to the MIB ESG testifies to the determination with which the company pursues its sustainability strategy integrated into its business model," the company specified in a note.

The group has had a board-approved sustainability plan since 2017, which monitors its progress by updating targets annually to ensure its steady progress toward achieving its 14 environmental, social and governance goals.

"We are proud to be part of the MIB ESG index that reflects progress in the environmental and social fields. This is confirmation of our commitment to generating shared value for our shareholders, Ferragamo people, our partners and local communities," commented Marco Gobbetti, CEO and managing director of Salvatore Ferragamo.

Ferragamo's stock trades in the green by 0.4 percent at EUR11.69 per share.

By Chiara Bruschi, Alliance News reporter

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