Thursday, March 7, 2019
French Business Climate Pledge
In the lead-up to the Paris climate summit COP 21, Kering alongside 38 other major French companies (employing a total of 4.4 million people worldwide and generating sales of €1,200 billion), have made a firm commitment to combat climate change.
By signing this climate pledge, they want to contribute to making COP 21 a success and to limiting the warming of the Earth to 2°C. They emphasise their driving role and leadership in the fight for a more sustainable world.
Active since many years, these companies are taking concrete steps to reduce their carbon footprint through:
− The use of active and passive energy efficiency solutions,
− The use of renewable energy, notably hydro, wind or solar energy,
− The systematic reduction of greenhouse gas emissions throughout the life cycle of their products,
− The development of new low-carbon materials and solutions,
− The adoption of long-term investment strategies actively promoting the energy transition.
From 2016 to 2020, Kering and the other 38 signatory companies plan to invest at least €45 billion in industrial projects and R&D devoted to renewable energy, energy efficiency and other low carbon technologies. Over the same period, they also intend to provide bank and bond financing of at least €80 billion for projects contributing to the fight against climate change. In addition, they foresee low carbon investments of €15 billion in new nuclear capacities and investments of €30 billion in natural gas as energy transition solution, planned over the next five years.