Kering Targets Absolute Emissions Reduction of 40% by 2035
17 Marzo 2023 - 03:20PM
Dow Jones News
By Joshua Kirby
Kering will work to reduce its greenhouse-gas emissions on
absolute basis by 40% over the next 12 years, as the luxury group
looks to decarbonize its business and ensure its
sustainability.
The new target is to reduce absolute emissions over the French
group's scope 1, 2 and 3 emissions--that is, over its entire supply
chain as well as in direct operations. It follows a previous target
to reduce emissions by 50% between 2015 and 2025, alongside an
offsetting program that aims to ensure full carbon neutrality.
Kering and its luxury-goods houses, which include Gucci,
Balenciaga and Yves Saint Laurent, need to move to absolute
reductions in emissions opposed to reduced intensity--if they are
to decarbonize globally, Chief Executive Francois-Henri Pinault
said.
"I am convinced that impact reduction in absolute terms combined
with value creation must be the next horizon for truly sustainable
companies," Mr. Pinault said.
The target comes ahead of the publication of Kering's
sustainability progress report for the years 2020-2023 next
week.
"When our sustainability targets are in sight, we move the
benchmark even further away," said Marie-Claire Daveu, Kering's
chief sustainability officer.
Write to Joshua Kirby at joshua.kirby@wsj.com;
@joshualeokirby
(END) Dow Jones Newswires
March 17, 2023 10:05 ET (14:05 GMT)
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