Thursday, March 7, 2019
1st Luxury Group with certified Science-Based Targets
Kering has been verified and approved by the Science Based Target (SBT) initiative today as the first luxury company, and first French company, to create science-based goals around reducing our carbon footprint. The SBT was formed by the Carbon Disclosure Project, the UN Global Compact, the World Resources Institute and the WWF to support companies in establishing science-based Greenhouse Gas (GHG) emissions reduction targets so that business is part of the movement to ensure global warming does not exceed 2°C by 2050.
In line with SBT’s criteria, Kering has committed to reducing our emissions by 50% in scope 1, scope 2 and scope 3 (transportation and distribution, business flights, fuel and energy related emissions) of the GHG protocol by 2025, and to reducing an additional 40% our scope 3 emissions from purchased goods and services.
As part of the next phase of Kering’s sustainability strategy, to be unveiled in January 2017, this target will be embedded in our Group’s new environmental pillar. Going beyond SBT criteria, we will also continue to measure and monetise carbon emissions alongside air and water pollution, water use, waste and land use across the entire supply chain all the way to where we source our raw materials via our Environmental Profit & Loss (EP&L).
“CONTRIBUTING TO COMBATTING CLIMATE CHANGE AND RESPECTING PLANETARY BOUNDARIES IN THE WAY WE DO BUSINESS IS A PRIORITY FOR US.
The Science Based Target initiative is enabling the business community to set meaningful goals around GHG reduction to ensure that we all align with the 2°C global agenda and we are proud that our own GHG ambitions have been validated by the organisation.”
* Planetary boundaries is the central concept in an Earth system framework proposed by a group of scientists led the Stockholm Resilience Centre in 2009. The group proposed a framework of 9 “planetary boundaries” designed to define a “safe operating space for humanity” for the international community, including governments at all levels, international organizations, civil society, the scientific community and the private sector, as a precondition for sustainable development.