Kering, the French luxury goods holding company, has been verified and approved by the Science Based Target (SBT) initiative as the first French luxury company to create science-based goals around reducing our carbon footprint.
In line with SBT’s criteria, the brand has committed to reduce its emissions by 50 per cent in Scope 1, Scope 2 and Scope 3 (transportation and distribution, business flights, fuel and energy-related emissions) of the GHG protocol by 2025, and to reduce an additional 40 per cent in Scope 3 emissions from purchased goods and services.
“Contributing to combatting climate change and respecting planetary boundaries in the way we do business is a priority for us. We are proud that our own GHG ambitions have been validated by the organization,” said Marie-Claire Daveu, Chief Sustainability Officer, Kering.
It may be mentioned that the SBT was formed by the Carbon Disclosure Project, the UN Global Compact, the World Resources Institute and the WWF to support companies in establishing science-based Greenhouse Gas (GHG) emissions reduction targets so that business is part of the movement to ensure global warming does not exceed 2°C by 2050.
The luxury brand will also continue to measure and monetize carbon emissions alongside air and water pollution, water use, waste and land use across the entire supply chain all the way to where we source our raw materials via its Environmental Profit & Loss (EP&L).