France’s Kering has pledged to cut absolute emissions by up to 40% by 2035

Kering’s new reduction target in absolute terms represents the next necessary step to accelerate the implementation of the group’s vision of modern and responsible luxury, complemented by the evolution of its sustainability strategy, the brand said in a press release.

Kering has committed to reducing its total greenhouse gas emissions by 40 percent by 2035, based on a 2021 baseline. The company’s new targets cover scopes 1, 2, and 3 of the Greenhouse Gas Protocol. Kering has enhanced its original social and environmental goals with strategies dedicated to climate, biodiversity and circularity.

Over the past three years, Kering has not only continued to make significant progress toward achieving its original social and environmental 2025 goals, but also enhanced them with a series of ambitious new goals. Under the strategies dedicated to climate, biodiversity and circularity, these additional goals, combined with Kering’s new absolute goals and its historical objectives, will continue to transform the group’s business model.

“Kering and our houses have made significant progress towards reaching our sustainability goals over the past years, and in parallel, we have raised our ambitions,” said François-Henri Pinault, Chairman and Chief Executive Officer of Kering. “Now we are setting these new absolute targets across Scopes 1, 2, and 3 of the Greenhouse Gas Protocol, because, if we are to truly decarbonize our global businesses, we must move from a reduction in carbon intensity to an absolute reduction. I am convinced that impact reduction in absolute terms combined with value creation must be the next horizon for truly sustainable companies.”

“To match our long-term vision to help drive the sustainability agenda in luxury and fashion, we continue to develop our sustainability strategy. Setting a target to reduce our total absolute emissions will support our group’s decarbonisation, while we continue to align with a 1.5° pathway. It unites our souls perfectly; We never stop moving forward, and when our sustainability goals are in sight, we push the benchmark even further,” said Marie-Claire Daveau, Kering’s Chief Sustainability and Corporate Affairs Officer.

Fibre2Fashion News Desk (NB)