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Addressee Profile: Amancio Ortega

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ortegaAmancio Ortega is a Spanish business executive best known for his work in the fashion industry. He is a cofounder of the retailer Zara and the fashion group Inditex. He made our list by being the fourth-wealthiest person in the world. [source]

 

Positive moves

  • In 2008, Ortega created a global alternative-energy network and committed to investing in renewable energy sources. [source]

  • Inditex developed a five-project Strategic Environmental Plan designed to reduce CO2 emissions. [source]

  • Almost all the energy at Zara/Inditex’s company’s headquarters, sewing plants and warehouses at Arteixo, in north-west Spain, are powered by wind and solar. [source]

  • In 2012, Zara committed to eliminate all discharge of hazardous chemicals from its supply chain and products by 2020 due to external pressure. [source]

Room for improvement

  • Five Chinese NGOs accused Zara (and other companies) of purchasing from suppliers that have seriously violated environmental regulations polluting China’s water. [one two]

  • We could find little specific information on Ortega’s investments beyond real estate. If Ortega is as serious about climate change as the actions above suggest, disclosing more of his investment activity could inspire similar action among his peers.

Amancio Ortega on Wikipedia

 

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