Reduce

Setting ambitious targets

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.
 

After a first revision of its climate targets in line with the SBTi in 2020, on November 1, 2024, Kering took another significant step to strengthen its climate ambition: the Group defined a Net Zero trajectory validated by the SBTI, committing to reduce its emissions across all scopes of its value chain, in line with a 1.5 °C emissions reduction pathway both in the near and long terms.

Near-term reduction targets:

• Reduce absolute scope 2 GHG emissions 54.6% by 2033 from a 2022 baseline

• Reduce absolute scope 3 Energy and industry (non-FLAG) GHG emissions 54.6% by 2033 from a 2022 baseline

• Reduce absolute scope 3 Forest Land and Agriculture (FLAG) GHG emissions 39.4% by 2033 from a 2022 baseline

Long-term reduction targets:

• Reduce absolute scope 1, 2 and 3 Energy and industry (non FLAG) GHG emissions 90% by 2050 from a 2022 base year

• Reduce absolute scope 3 Forest Land and Agriculture (FLAG) GHG emissions 72% by 2050 from a 2022 base year

Deploying sustainable raw material sourcing

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 100% of Kering’s suppliers meet the standards set by the Group (Kering Standards) for environmental stewardship, traceability, animal welfare, the use of chemical products and working conditions.

 

Promoting energy efficiency and renewable energy

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. Kering also works on decarbonizing its energy mix. One example of that is the Group’s gradual phase-out of fossil fuels, with elimination of coal from its operations. Kering is also committed to 100% renewable electricity use for its own operations, in alignment with RE100 standards. 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.