Environmental Profit & Loss account (E P&L)
An Environmental Profit & Loss account allows a new way of thinking and acts as a tool to increases Kering's understanding of the environemental impact of our business, in order to take better decisions that will help to improve the way we do our business in a more sustainable way.
What is an E P&L?
An Environmental Profit & Loss Account facilitates a better way of thinking
and is an innovative tool imagined by Kering
it measures the environmental footprint
in our own operations and across our entire supply chain
and then calculates its monetary value
the purpose of the E P&L?
Understanding our footprint
To measure our true environmental footprint we examine:
And to really understand our impact
we analyse these elements throughout our value chain:
Translation into monetary value
We analyse the environmental outcomes and their impact on people
The data collected is translated into a monetary value in order to truly measure and provide a comprehensive view of the cost of out activity
Why is it relevant to give a monetary value to our environmental footprint?
Because it allows us to compare our environmental performance:
different impacts It shows where is best to implement initiatives
It allows us to value our use of nature