Kering, a Strategic Partner of Global Fashion Agenda, has announced today that the entire Group will become carbon neutral within its own operations and across the entire supply chain.
At last month’s G7 summit, Kering presented the Fashion Pact, a coalition where it collaborates with peers to support efforts and solutions that can help decarbonise the fashion industry. Today the luxury group announced that it will offset the Group’s annual Greenhouse Gas (GHG) emissions from 2018 on top of all efforts to first avoid and then reduce them. As a next step in its long-term commitment to sustainability, this is an extension of its annual offsetting approach that has been established since 2011 and initially incorporated Scopes 1 and 2 of the Greenhouse Gas Protocol.
“When it comes to climate change, we can no longer wait to take real action. We all need to step up as businesses and account for the GHG emissions that we generate in total. Kering is committing to become completely carbon neutral as a Group across all our operations and supply chains. While we focus on avoiding and reducing our GHG emissions to meet our Science-Based Target, we will offset all our remaining emissions and support the conservation of vital forests and biodiversity around the world,” said François-Henri Pinault, Chairman and CEO of Kering.
While these efforts to avoid and reduce its footprint across the supply chain will continue to be focused on as a priority, Kering is now offsetting all the remaining annual emissions in Scope 3 of the GHG Protocol as well. For 2018, and as published in the EP&L results, the total remaining GHG emissions offset for the Group will be approximately 2.4 million tons CO2E. Offsetting will continue to be accomplished through verified best-in-class REDD+ projects that conserve critical forests and biodiversity, and support the livelihoods of local communities.
Kering has prioritised the conservation of biodiversity for years and the 2018 offsets will equal nearly 2 million hectares of important forests around the world. Forests act as a carbon sink and the protection of these forests will support the removal of carbon from the atmosphere and help mitigate climate change.
“Fashion is a major contributor to global CO2 emissions, so this announcement is an important step for the industry. Kering has not only taken responsibility for the impact of its business, but committed to changes and targets that will offset and reduce its consequences to our planet. Such an approach reaffirms how Kering is one of the companies leading the way in sustainability, and I hope other brands and retailers will follow them,” said Eva Kruse, CEO & President, Global Fashion Agenda.