Companies

Kering sets new GHG emissions reduction target

Mar 23, 2023 France

The French-based luxury group has announced a commitment to reduce its absolute greenhouse gas emissions (GHG) by 40% by 2035, covering scopes 1, 2 and 3 of the GHG protocol

The announcement was made at an event held in New York, ahead of the publication of Kering's 2020-2023 Sustainability Progress Report. In the view of the company, this new goal follows “significant strides” towards achieving its 2025 sustainability targets and reflects the group's ambition to accelerate the implementation of its vision of modern and responsible luxury.

“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”, explained François-Henri Pinault, Chairman and Chief Executive Officer at Kering.

“Setting a target to reduce our total absolute emissions will support the decarbonization of our Group, while we continue to align with a 1.5° pathway. It also perfectly encapsulates our spirit; we never stop pushing forward, and when our sustainability targets are in sight, we move the benchmark even further away”, reiteted Marie-Claire Daveu, Chief Sustainability and Institutional Affairs Officer at Kering.

Image Credits: kering.com

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