Kering, a prominent player in the luxury industry, has recently made a bold decision to strive towards achieving complete carbon neutrality. This move comes hot on the heels of Gucci, a brand under the Kering umbrella, successfully attaining carbon-neutral status on its own. Now, Kering is spearheading an effort to embrace this environmentally friendly approach across its entire organization, including its extensive supply chain.
The company has taken a significant leap by announcing its commitment to offset all of its greenhouse gas emissions dating back to 2018. Moreover, Kering is actively engaged in efforts to not only offset these emissions but also actively work towards reducing them. This proactive stance underscores Kering’s unwavering dedication to operating in a sustainable manner, serving as a role model for other luxury brands.
François-Henri Pinault, the CEO and Chairman of Kering, has stressed the urgency of addressing climate change and highlighted the need for businesses to be accountable for their carbon footprint. Kering has made a solemn pledge to achieve carbon neutrality across all facets of its operations and supply chains. As the company focuses on reducing emissions to meet its Science-Based Target, any remaining emissions will be offset, with a special emphasis on supporting conservation efforts globally.
Since 2011, Kering has been actively involved in offsetting greenhouse gas emissions through its Environmental Profit and Loss (EP&L) accounting system, enabling the implementation of targeted initiatives and efficiency programs within its supply chain aimed at reducing emissions effectively.
The group has set ambitious goals to slash greenhouse gas emissions related to its operations and supply chain by 50% by 2025. These targets have already yielded tangible results, with a 30% decrease in carbon intensity in its stores since 2015. Kering is actively transitioning to renewable energy sources, with many countries already operating on 100% renewable energy. In Europe, 77% of energy consumption comes from renewables, with an overall renewable energy consumption rate of 67% for the group.
Kering’s commitment to sustainability also includes initiatives like the Clean by Design program for textile mills, leading to a commendable 12% annual reduction in CO2 emissions. Through these endeavors, Kering is showcasing its leadership in the luxury industry by prioritizing environmental stewardship and taking meaningful steps towards achieving carbon neutrality.
For further information on Kering’s sustainability efforts, you can check out their official website here. Additionally, to learn more about their specific carbon offsetting initiatives, visit this link.
