Kering publishes new Progress Report underscoring sustainability advancements

Kering’s ‘Crafting Tomorrow’s Luxury’ sustainability strategy incorporates the Group’s Houses and is underpinned by a series of milestone targets across three key pillars: Care, Collaborate and Create. Among the insights and progress outlined in Kering’s 2020-2023 Progress Report, some highlights include: 

 CARE, for the planet

• Kering attained its -40% target to reduce its total environmental impacts 4 years early, in 2021
• Kering reduced the Group’s absolute emissions in scopes 1 and 2 of the Greenhouse Gas Protocol by -71% between 2015 and 2022
• Kering achieved a -52% intensity reduction of the Group’s scope 3 emissions of the Greenhouse Gas Protocol between 2015 and 2022 
• Kering achieved its 100% target for renewable electricity in accordance with the RE100’s guidelines
• Kering attained 95% traceability for its key raw materials and 71% alignment with its Kering Standards, against goals to reach 100% by 2025
• Kering updated its science-based target to align with a 1.5°C pathway, verified by the Science Based Target initiative (SBTi)
• Kering announced a Group-wide fur ban in 2021
• Kering created the Regenerative Fund for Nature, together with Conservation International, to scale regenerative materials for luxury and fashion, with measurable initial outcomes from the first 7 grantees
• Kering launched the €300 million “Climate Fund for Nature” with € 140 million already committed to mobilize resources for nature-based solutions from the luxury fashion and beauty sectors, in collaboration with Mirova and welcoming first fund partner L’Occitane
• Kering published its Biodiversity Strategy and committed to a net-zero impact on nature by 2025 by transforming 1 million hectares of farms and landscapes in its supply chain to regenerative agriculture, as well as protecting 1 million hectares of critical, irreplaceable habitat outside its supply chain
• Kering created a Sustainable Finance Department to unlock sustainability solutions for the long term

COLLABORATE, with people 

• The Fashion Pact, originally established by Kering, advanced with more than 250 brands, representing over 30% of the fashion and textile industry based on volume, working on three pillars:  Climate, Oceans and Biodiversity. More than 14 collective projects are in play, with 12 member companies, including Kering, committing to generate 100,000 MWh of solar or wind energy every year to feed back into the grid
• Kering created the Watches and Jewelery Initiative 2030 with Cartier to scale sustainability solutions for the sector
• Kering created a certificate for fashion sustainability under the IFM-Kering Sustainability Chair and established a new partnership with Bocconi University
• Kering empowered women at all levels of the Group, with women accounting for 57% of the Group’s managers, 63% of its workforce, 33% of its Executive Committee members, and 45% in its Board of Directors, making Kering one of the CAC 40 companies with the highest proportion of women in senior management positions
• Kering established e-trainings for women in Italy’s luxury supply chain, with a special focus on leadership and gender, career development, assertiveness, networking and group support, training 313 women during 484 sessions (between 2020 and 2022)
• Kering joined the UN Women’s Generation Equality Action Coalitions, through the Kering Foundation, making a 5-year commitment to accelerate actions and global commitments toward gender equality by 2026

CREATE, new business models and innovations

• Kering published its Circularity Strategy, “Coming Full Circle”, to accelerate the Group’s circular ambitions, including:  zero product destruction; zero single-use plastics by 2025; and zero micro-fiber leakage by 2030
• Kering partnered with more than 225 startups to pilot sustainability technology and breakthrough innovation
• Kering invested in VitroLabs to scale the world’s first lab-grown leather and to speed up commercialization
• Kering invested in Vestiaire Collective to signal support for pre-loved luxury in sector’s circular ecosystem
• Kering established the Kering Sustainability Innovation Lab platform for Watches and Jewelry (SIL) based on the successful model of Kering’s Material Innovation Lab (MIL)
• Kering launched the third edition of the Kering Generation Award to power startups in Greater China, with a focus on circular raw materials, circular product designs and circular business models
• Kering partnered with Spazio META to recover and reuse show sets in Italy, complimenting the Group’s fashion show guidelines and enhancing its upcycling partnership with La Réserve des Arts in France 

Discover more and download Kering’s 2020-2023 Sustainability Progress Report here.