Commercial, Energy Efficiency, GHG Emissions - March 17, 2023
Kering Commits To Lower Emissions By 40%
Kering announced a commitment to reduce its absolute GHG emissions by 40% by 2035 on a 2021 baseline. This new target covering Scopes 1, 2 and 3 of the GHG protocol was revealed ahead of the publication of Kering’s 2020-2023 Sustainability Progress Report in March.
The luxury fashion company’s new 40% reduction target in absolute terms represents the next necessary step to accelerate the implementation of the Group’s vision of a modern and responsible luxury with brands such as Gucci, Saint Laurent, Bottega Veneta and Balenciaga, complementing the evolution of its sustainability strategy.
“Kering and our Houses have made significant strides to reach our sustainability targets over the last years, and, in parallel, we have augmented our ambitions,” said François-Henri Pinault, Chairman and Chief Executive Officer at Kering in a statement. “Now we are setting this new absolute target, spanning scopes 1, 2 and 3 of the greenhouse gas protocol, because, if we want to truly decarbonize our global businesses, we need to move from carbon intensity reductions to absolute reductions. I am convinced that impact reduction in absolute terms combined with value creation must be the next horizon for truly sustainable companies.”
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