Kering has launched a number of initiatives for the protection and sustainability of natural resources, which play a pivotal role in its activities. In 2020, the Group took this commitment a step further by unveiling a Biodiversity strategy comprising four stages: avoid, reduce, restore & regenerate, and transform.
Kering’s activities rely on nature and its resources, making their protection of paramount importance for maintaining the Group’s sustainable growth. Like other fashion and apparel companies, Kering’s core business is inextricably linked to well-functioning, healthy ecosystems. Any degradation of these ecosystems has a direct impact on the Group's global supply chains, which include wool production in New Zealand, cashmere in Mongolia and organic cotton in India.
For this reason, Kering and its Houses are increasing the number of initiatives designed to protect and preserve biodiversity. These include support for conservation programs and developing rigorous standards for raw material sourcing, manufacturing processes and animal welfare. To take this commitment a step further, the Group has devised a Biodiversity strategy with three main goals:
• stemming biodiversity loss;
• restoring ecosystems and species;
• triggering systemic change that goes above and beyond our supply chains.
To achieve these goals, the strategy is divided into four stages:
Stage 1: Avoid
Make decisions that do not have or prevent a negative impact on areas of high conservation value
With its strategy, Kering is creating a real paradigm shift.
Firstly, by aligning its biodiversity policy and programs with the Science Based Target initiative led by the United Nations Global Compact, the World Resources Institute, the World Wide Fund for Nature and global disclosure charity, CDP.
Secondly, by working closely with stakeholders whose efforts are based on scientific best practice, Kering focuses on initiatives that will impact its core business. A critical issue for the Group is reducing greenhouse gas emissions. Kering is targeting to reduce absolute scope 1 and 2 GHG emissions by 90% and scope 3 GHG emissions by 70% per unit of value added by 2030 from a 2015 base year.
Lastly, Kering aims to inspire in-depth transformation and systemic change in its industry by developing innovative ideas that can be used by other stakeholders. To make a positive impact on biodiversity, for example, Kering will restore and regenerate a million hectares of its supply chain and protect one million hectares of critical, irreplaceable habitat by 2025.
Regenerative Fund for Nature
The Fund aims to transform the production of key raw materials for the fashion industry, and drive a shift towards farming practices.
At Kering, we believe it is paramount that animal welfare is improved across fashion and luxury production lines. Kering has rolled out its Standards and on-the-ground projects and participated in collective initiatives in an effort to drive positive change in supply chain practices on both a Group and industry-wide basis.