Kering announces plans to reduce its total GHG emissions by 40% by 2035

YarnsandFibers News Bureau 2023-03-22 07:19:25 – France

French luxury conglomerate Kering, has pledged to reduce its absolute greenhouse gas emissions by 40% by 2035, on a 2021 baseline.

The pledge supports the group's expanding sustainability strategy and is a component of its vision of contemporary, ethical luxury. Kering has made strides toward its initial social and environmental 2025 targets during the last three years.

François-Henri Pinault, chairman and chief executive officer at Kering, said that during the last years, Kering and its houses had made great progress toward achieving their sustainability goals, and concurrently, they have increased their ambitions.

Marie-Claire Daveu, chief sustainability, and institutional affairs officer at Kering, said that they have continued to improve their sustainability approach to reflect their long-term ambition to support driving luxury and fashion's sustainability agenda. While they continue to align with a 1.5° route, setting a target to lower their total absolute emissions will promote the decarbonization of their Group. It also wonderfully captures their mentality; they never give up and push the standard even further away when their sustainability aims are within reach.

Over the past three years, Kering has made progress toward achieving its initial 2025 social and environmental aims. These additional objectives, along with Kering's new absolute aim, will continue to drive the transformation of the Group's business model under specific climate, biodiversity, and circularity strategies.

François-Henri Pinault, chairman and chief executive officer at Kering said that they are setting this new absolute target, spanning scopes 1, 2, and 3 of the greenhouse gas protocol, because they need to transition from carbon intensity reductions to absolute reductions if we want to truly decarbonize their global businesses. He is persuaded that the next step for truly sustainable businesses must be impact reduction in absolute terms along with value creation.

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