Kering Marks 36% Decrease in Carbon Emissions Over Three Years
Kering, the prominent luxury fashion conglomerate known for its iconic brands like Gucci and Saint Laurent, has been making significant strides towards a more sustainable future through its ambitious “Fashion Pact.” The company initially outlined its environmental objectives in the EP&L (Environmental Profit and Loss) plan for 2012-2016, which has since evolved to encompass a social aspect as well.
In early 2017, Kering unveiled a new strategic plan aimed at reducing its environmental impact by 40% and halving its CO2 emissions by 2025. With a strong emphasis on sourcing traceable raw materials and adopting sustainable practices, Kering has been actively working towards achieving these targets.
In a recent update on their progress, Kering disclosed a remarkable 36% decrease in greenhouse gas emissions from 2015 to 2018, coupled with an overall 14% reduction in environmental impact during the same timeframe. Particularly impressive is the company’s 77% decrease in greenhouse gas emissions related to its global network of stores and other placements.
Noteworthy achievements also include Kering’s transition to renewable energy sources for 67% of its operations, achieving full renewable energy use in seven countries and 78% across Europe. In 2018, the company successfully attained carbon neutrality throughout its entire business operations and supply chain, with the implementation of forest protection programs playing a crucial role.
Additionally, Kering has raised the bar by establishing rigorous standards for sourcing raw materials and manufacturing procedures to uphold environmental sustainability, social responsibility, traceability, and animal welfare. These standards have been embraced by 68% of the group’s suppliers.
While Kering has made substantial progress in its sustainability journey, the company remains committed to further improvements. For instance, while Kering has pledged to source 100% responsible gold for its watches and jewelry, only 30% of the cotton utilized is organic.
With a workforce exceeding 35,000 employees globally, Kering is recognized for its dedication to gender diversity, evident in the significant representation of women across various leadership roles. The company’s Director of Sustainable Development and International Corporate Affairs, Marie-Claire Daveu, highlighted the progress made towards achieving the 2025 goals, while acknowledging the ongoing need for enhancements.
The broader fashion industry is undergoing a fundamental shift towards greater environmental awareness, with a growing emphasis on reducing carbon footprints and championing ethical and sustainable practices. Leading fashion giants like Kering and LVMH are spearheading this movement, with initiatives such as Kering’s “Fashion Pact” playing a pivotal role in shaping the industry’s future trajectory.
For more information on Kering’s sustainability efforts, visit their official website here. To explore further insights on sustainable fashion practices, check out this informative resource here.
