On 11th November, 2021, Kingdom Holdings was informed that the REEL Linen Program was awarded Leading Environmental Initiative Awards, one of three categories of the third year of ESG Leading Enterprise Awards co-presented by Bloomberg Businessweek/Chinese Edition and Deloitte.

According to the Chinese Edition of Bloomberg Businessweek, as global interest in Environmental, Social and Governance (ESG) investing grows, supervisory authorities have introduced relevant guidelines to promote compliance with ESG standards. Investors and stakeholders now attach an increasing importance to the impact of ESG performance on enterprises’ credit worthiness, operation and risks management.

As one of the most influential business magazines in Asia Pacific region with a global vision, the Chinese Edition of Bloomberg Businessweek join hands again with Deloitte this year in presenting the third year of ESG Leading Enterprise Awards. The event aims at recognizing exemplary enterprises which excel in incorporating ESG goals and activities in their development strategies with outstanding business performance and growth.

About REEL Linen Program

To further drive sustainability, Kingdom cooperates with several parties including English Organization CottonConnect and French Scutching mills to jointly create the Reel Linen initiative– a system themed with Responsible Environment, Enhanced Livelihood to ensure that linen is produced in a more fair, natural and transparent way.

REEL Linen Program strictly complies with REEL Linen Code of Conduct. As the first code for sustainable linen production in the world, developing REEL Linen Code provides a verifiable and sustainable standards from farm to yarn, helping all participants in the supply chain improve their sustainability of development.