In 2016, Kering was the first luxury group and French company to join the Science Based Targets initiative (SBTi). The Group laid out science-based targets to reduce its carbon footprint.
Formed by the Carbon Disclosure Project (CDP), the UN Global Compact, the World Resources Institute and the WWF, the SBTi supports companies in establishing GHG emissions reduction targets based on a scientific approach. SBTi promotes the transition to a low-carbon economy, in line with the goal of the Paris Agreement to limit global warming to 1.5°C by 2050. It also encourages all industry players to join the movement.
In 2020, Kering revised its climate targets in line with the SBTi. The Group committed to reducing its emissions in three categories:
The quality of Kering’s products guarantees a long lifespan and inherent sustainability. The Group has extended its focus on reducing waste, the use of virgin raw material and carbon emissions by introducing a circular approach, prioritizing reuse and recycling in the supply chain and reducing its reliance on virgin materials.
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. In addition, the Group established Standards for Store to promote energy efficiency and renewable energies in a bid to reduce the carbon footprint of its supply chain.
Kering strives to select the lowest-impact solutions through its EP&L results. One example of that is the Group’s gradual phase-out of fossil fuels. The Group is working to cut its energy costs and has achieved a 30% reduction in carbon emission intensity at its Houses’ stores since 2015. Lastly, Kering is committed to 100% renewable energy use for its own activities by 2022. The Group has partnered up with RE100, the initiative spearheaded by the CDP that aims to unite and support companies engaged in such an approach.