Luxury conglomerate Kering has been verified and approved by the Science Based Target (SBT) initiative as the first luxury company, and first French company, to create science-based goals around reducing carbon footprint.
The SBT was formed by the Carbon Disclosure Project, the UN Global Compact, the World Resources Institute and the WWF to support companies in establishing science-based Greenhouse Gas (GHG) emissions reduction targets so that business is part of the movement to ensure global warming does not exceed 2°C by 2050.
In line with SBT’s criteria, Kering committed to reducing its emissions by 50% in scope 1, scope 2 and scope 3 (transportation and distribution, business flights, fuel and energy related emissions) of the GHG protocol by 2025, and to reducing an additional 40% its scope 3 emissions from purchased goods and services.
“As part of the next phase of Kering’s sustainability strategy, this target will be embedded in the Group’s new environmental pillar. Going beyond SBT criteria, we will also continue to measure and monetise carbon emissions alongside air and water pollution, water use, waste and land use across the entire supply chain all the way to where we source our raw materials via our Environmental Profit & Loss (EP&L)”, said Kering in a statement.
Information courtesy of International Leather Maker