Morgan Stanley recognition means ‘new starting point’ for Xtep

07/08/2024

Efforts to promote green and low-carbon practices along its entire value chain have enabled Xtep to become the first sports brand in China to achieve an ‘A’ rating in Morgan Stanley Capital International’s environmental, social, and governance (ESG) index.

Chief executive of Xtep, Ding Shui Po, said the rating was recognition of the company’s past efforts and also an indication of expectations of ongoing development in the future.

He said he hoped this recognition would enable Xtep to work with other companies in the sporting goods industry in China to create a more sustainable future. “We are at a new starting point and are embarking on a new journey,” he said.