Kering takes the lead for the apparel industry’s low-carbon future.
The French fashion conglomerate’s carbon reduction plans were verified by The Science Based Targets Initiative, a partnership between environmental organizations that works with companies to meet their sustainability targets. Kering aims to reduce its greenhouse gas emissions by 50 percent in eight years, and it is the first luxury company to have its environmental goals approved by the initiative.
“Contributing to combating climate change and respecting planetary boundaries in the way we do business is a priority for us,” said Marie-Claire Daveu, chief sustainability officer and head of Kering’s International Institutional Affairs. “The Science Based Targets initiative is enabling the business community to set meaningful and measurable goals to ensure that we align with the 2°C global agenda and Kering is proud that our own GHG reduction ambitions have been validated by the initiative.”
Many environmental organizations, including the Carbon Disclosure Project (CDP), World Resources Institute (WRI), World Wide Fund for Nature (WWF) and the UN Global Compact, are part of the initiative. Using the latest climate science, the environmental organizations work with businesses to reduce their carbon footprint. The initiative’s science-based targets enable companies to plan their carbon reduction approaches and determine how much improvement is required for a low-carbon economy in upcoming years.
Along with its commitment to reduce direct emissions, Kering will also reduce its indirect emissions from distribution and transportation operations, business flights and energy use by 50 percent by 2025 and purchased goods emissions by a further 40 percent.
“Kering’s ambitious but achievable targets will slash emissions across their value chain, and demonstrates the company’s commitment to a low-carbon future that other businesses must urgently adopt if they are to protect themselves and their customers from the threats of a warming planet,” said Alberto Carrillo Science Based Target initiative leader.