(BRK.A), (BRK.B)
Berkshire Hathaway’s Fruit of the Loom, Inc., has recently joined The Sustainability Consortium (TSC) as part of its ongoing commitment to corporate social and environmental responsibility.
TSC is a global, non-profit organization working to transform the consumer goods industry so that mainstream consumer goods bought each day, like Fruit of the Loom products, are more sustainable.
“Operating in a sustainable manner is extremely important to all of us at Fruit of the Loom,” said Tony Pelaski, Fruit of the Loom executive vice president and chief operating officer. “As a global organization, we have an obligation to constantly evaluate and improve our sustainability practices. Joining TSC will allow us to evolve and expand our current processes to remain a sustainable organization and leader in the apparel category.
Euan Murray, TSC chief executive states, “We are thrilled to welcome Fruit of the Loom to our very active textiles sector, where they will join other TSC members to improve the environmental, social, and economic performance of the textile value chain. Fruit of the Loom’s membership with TSC and leadership in the apparel industry will us help create more sustainable products for a more sustainable planet.”
As part of The Sustainability Consortium, Fruit of the Loom will have access to one of the world’s largest research databases, which translates sustainability science and data into business tools that can be used throughout a product’s supply chain and lifecycle. Other members of TSC include manufacturers, suppliers, services providers, NGOs, civil society organizations, governmental agencies and academics.
“Fruit of the Loom is committed to conducting business in a socially responsible fashion,” said Pelaski. “The tools available to TSC members will be an invaluable asset as we work toward making products that are not only better for consumers, but also better for the environment,” said Pelaski. “We are proud to be a member of TSC and look forward to learning more from this valuable partnership.”
© 2017 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.