Environmental Profit & Loss account (E P&L)
An Environmental Proﬁt & Loss account (EP&L) allows a company to measure in € value the costs and benefits it generates for the environment, and in turn make more sustainable business decisions.
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 our 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