French Business Climate Pledge

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    Wednesday, March 06, 2019

    French Business Climate Pledge

    DD Kering premier groupe de luxe objectifs carbone initiative science-based targets.jpg

    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.