Kering is developing innovative tools to gain a better understanding of its environmental footprint and to prioritize its choices based on its sustainability strategy. To foster the creation of a more sustainable Luxury, the Group sources raw materials in sustainable ways, preserves biodiversity and meets the highest standards of health, safety, and animal welfare.
By promoting sustainable design, Kering is reducing the environmental impact of its products, from the sourcing of raw materials to their manufacturing, transportation, and other activities. The Group has made a commitment to reduce its EP&L (Environmental Profit and Loss account) across its supply chain by 40% between 2015 and 2025. This methodology developed by the Group to measure and assign a monetary value to the environmental footprint of its entire supply chain has received praise and multiple awards.
Kering is also targeting a 50% reduction in its carbon emissions by 2025 within Scopes 1 to 3 of the Greenhouse Gas Protocol*. Beyond its commitment to reducing emissions across its business, Kering has a pioneering offset program through REDD+ projects that supports the conservation of some of the world’s most bio-diverse forests while contributing to the livelihoods of local communities. In 2019, Kering committed to full carbon neutrality across the Group by offsetting the Group’s annual Greenhouse Gas emissions from 2018 on top of all efforts to first avoid and then reduce them.
The Group also promotes new sustainable practices related to water consumption, air and water pollution, waste, and land use, such as the Clean by Design program, whose first phase ended in 2017 following audits to improve the energy efficiency and optimize the resource consumption of 24 textile plants that work with the Group. A new phase focused on six plants in China is now underway. Numerous audits have been conducted since early 2017, resulting in an annual reduction of several thousand tons of carbon dioxide emissions.
In an effort to combine Luxury and sustainability, Kering focuses on its supply chain since the biodiversity preservation and a reduced environmental footprint start with the sourcing of raw materials. In this context, Kering’s aim is for 100% of its supply chain to be transparent by 2025. The objective is to improve traceability and progressively increase the use of raw materials coming from responsible and well-managed sources.
A further goal is to see that by 2025, 100% of Kering’s suppliers meet the standards set by the Group for environmental stewardship, traceability, animal welfare, the use of chemical products, and working conditions.
Kering has launched a number of initiatives to ensure the protection and sustainability of natural resources. The Group’s overall goal is to preserve such resources, which play a pivotal role in its activities. Our approach is organized into four stages: avoid, reduce, restore & regenerate, and transform.
*The GHG Protocol establishes comprehensive global standardized frameworks to measure and manage greenhouse gas (GHG) emissions from private and public sector operations, value chains and mitigation actions. It has been developed through collaboration between NGOs, governments, industry associations, businesses and other organizations and is developing standards, tools and online training that helps countries and cities track progress towards their climate goals.