Masaria Investments
  • Español
Masaria Investments




Published at 11:21 am

Tendam receives Silver Medal in CSR from EcoVadis

This silver rating positions the fashion company among the top 25% of companies assessed by the sustainability rating agency

Tendam is recognized for its efforts in 4 aspects of ESG criteria: Environment, labour practices and human rights, ethics and sustainable procurement

Tendam, one of Europe’s leading fashion retailers operating in the specialised chain segment, which encompasses the Cortefiel, Pedro del Hierro, Springfield, Women’s Secret, Hoss Intropia and Fifty brands, has received a silver medal from EcoVadis, the world’s most trusted supplier of sustainability ratings and intelligence and collaborative tools that help businesses improve their sustainability performance. This recognition positions the Spanish fashion company among the 25% most advanced companies worldwide in corporate social responsibility (CSR).

EcoVadis rates organisations’ CSR performance according to sustainability criteria in four ESG (environmental, sustainability and governance) areas: the environment, labour practices and human rights, ethics, and sustainable procurement. Scores vary on a scale from zero to one hundred. By fulfilling the requirements to qualify for the EcoVadis silver medal, Tendam underscores its commitment to its customers and employees alike to add sustainable value to society as a whole.

Ignacio Sierra, Tendam’s Corporate General Manager, commented: “This rating recognises the efforts made by our company; a company where sustainability and ethics are completely ingrained in the business and cut across the entire organisation. Our transparency is also a guarantee of our adherence to best practices”.

Tendam is constantly optimising its processes in order to reduce its environmental impact. Its strategy focuses on the use of natural materials in production, reducing emissions, the use of renewable energy and minimising water usage and waste. This strategy is embodied by significant social action through projects such as Involucrados (Involved) or Cosas que sí importan (Things that matter), or the R[ECO]NSIDER strategy, which is spearheaded by Springfield and drives concrete process changes impacting everything from the design of the clothes themselves to how they are displayed in shops. To further its ESG commitment, each year the fashion company compiles information about its environmental initiatives, social value creation, corporate governance best practices and other CSR-related information in its Sustainability Report, which is published on the corporate website.

Investor area