Private equity investment will aid rollout of Higg Index
15/05/2019
The Higg Index is a suite of sustainability assessment tools used by brands, retailers and manufacturers to measure environmental and social performance, and the aim is to increase efficiency and reach.
Former SAC CEO Jason Kibbey, who will lead the US-based company, said: "We will provide the industry the technology it needs to be able to implement the Higg Index at scale.
"Our customers rely on strong technology to drive the social and environmental improvements that will reshape the apparel and footwear industry, and other industries in the future."
Higg Co is majority-owned by the SAC and funding is provided by private equity firms Titan Grove and Buckhill Capital, and private investor Sanjeev Bahl of Saiburg B.V.
Jeff Tannenbaum, chairman of Titan Grove, said: "As a for profit, well-capitalized company, Higg Co will facilitate a faster and more efficient rollout of the Higg Index across global value chains to drive transformative, lasting change.”
Image credit: Sustainable Apparel Coalition
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