Wednesday, January 23, 2019
Kering, only luxury group to be included in the prestigious CDP climate change A-List
For the 2nd consecutive year, Kering has been recognized as a global leader on corporate climate action by achieving a place on the CDP Climate Change A List today. Scored alongside companies word-wide and across sectors, Kering’s efforts and actions to cut emissions, mitigate climate risks and help develop a low-carbon economy have been highlighted.
As an annual ranking, in 2018 over 6,937 companies with over 50% of global market capitalization disclosed data about their environmental impacts, risks and opportunities to CDP for independent assessment against its scoring methodology, which, for the first time, is aligned on the TCFD’s recommendations (Task Force on Climate-related Disclosures), an international financial initiative aiming at more transparency between companies and investors on the climate-related topics. They were assessed on the comprehensiveness of their disclosure, their awareness and management of environmental risks and their demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets. The ‘Climate A List’ comprises those companies that have been identified during this assessment as demonstrating a superior approach to climate change mitigation and just 126 companies achieved an A score.
Kering’s Chief Sustainability Officer and Head of international institutional affairs, Marie-Claire Daveu says, “We are pleased that Kering’s climate-smart initiatives have led to our inclusion on the 2018 CDP Climate Change A List. This recognition underlines our ambitious climate strategy, which incorporates our ongoing drive to reduce our carbon footprint by 50% by 2025 via our Science-Based Target and Environmental Profit and Loss accounting.”