What: Falabella placed ninth in the Merco Responsibility ESG Chile ranking, improving three places from last year.

Why it is important: The list highlights the most responsible companies in regard to the environment, employees, clients, and society at a technical and governance level.

The company launched its sustainability strategy one year ago and has four pillars that the operation is built on: the Verde+ initiative, commitment to innovation in the business model , local development, and talent and agile culture.

The retailer stated that it incorporates sustainability into its business model by creating actions that add value to its different stakeholders. This can be seen through the company’s initiatives such as Taller F and Feria Trueque which give clothes a second life and Talento Local which generates space for collaboration within the community through education and cultural initiatives.

Falabella Retail debuts in the top 10 of the Merco ESG Chile ranking