Sustainability – at the heart of what we do
Kering empowers an ensemble of brands to reach their full growth potential in the most imaginative and sustainable manner. The same vision that drives the Group’s business strategy drives our commitment to environmental and social sustainability. We are propelling our brands to lead with new business models that contribute to a better world economically, socially and environmentally.
"Kering sustainability department is supporting the brands to achieve the highest standards of sustainable business practices. While we focus on attaining our 2016 Group targets, we are leveraging the inherent creativity that is synonymous with our Group."
Marie-Claire Daveu, Chief Sustainability Officer and Head of international institutional affairs
Creating value through sustainability
Sustainability is quintessential to the quality of our products. It creates value and represents:
- Long-term differentiation
- New business development
- A spur for innovation
- Efficiency opportunities
- A factor in attracting and retaining the best employees
We all have a role to play
Our sustainability engagement is intrinsic to our organisation and has clear goals. We encourage every employee to play a part in making sustainability a reality, from the sustainable development committee of the Kering board of directors to the CEOs of every brand.
The Kering effect
The Kering sustainability department acts as a platform of resources to complement the brands’ own activities:
- 15 in-house experts who provide knowledge and guidance, operational synergies and economies of scale that help the brands develop more sustainable practices.
- A network of Sustainability Leads at each brand.
Freedom within a Framework
We give our brands a common base of targets and guidelines for their actions in sustainability to ensure the highest level of best practice is reached across the Group, while letting each brand create the specific solutions most relevant to its business.
In terms of sustainability, this means spurring the brands to innovate with processes and products that have more positive social and environmental impact, while ensuring they stay true to their own identity and values.
A multi-tiered action plan
By 2016 we will have rolled out the Environmental Profit & Loss (E P&L) across all of our brands, the first time a global group of companies has undertaken such an analysis. This will:
- Measure our environmental impacts across the entire supply chain
- Provide monetary values for these impacts
Kering has also defined a set of quantifiable targets to reach by 2016 covering:
- Raw material sourcing
- Paper and packaging
- Water use, waste, carbon emissions and hazardous chemicals
- Supplier employment practices
While growing our businesses, we will offset all residual carbon emissions, and support our suppliers with their progress.
Beyond social compliance
Social sustainability encompasses attention to working conditions and the need to preserve artisanal businesses. We audit our suppliers and support them so that they meet the standards laid out in our code of conduct. In parallel, our Group is engaged in combatting violence against women, empowering them to support their families and communities. To do so, the brands are engaged in their own social programmes alongside Group-level engagements run by the Kering Foundation.