Kering commits to group-wide target to reduce emissions by 40% by 2035

Gucci, Balenciaga and Saint Laurent owner Kering has announced a commitment to reduce its absolute greenhouse gas emissions by 40% by 2035, ahead of the publication of the group’s 2020-2023 Sustainability Progress Report on 22 March 2023.

It’s seen as the next necessary step “to accelerate the implementation of the group’s vision of a modern and responsible luxury”, six years in to Kering’s ‘Crafting Tomorrow’s Luxury’ strategy.

Over the last three years Kering has made significant strides towards attaining its original social and environmental 2025 targets, but under dedicated strategies for climate, biodiversity and circularity, it has also driven a series of ambitious new targets to “continue to drive the transformation of the group’s business model”.

François-Henri Pinault, Chairman and Chief Executive Officer at Kering, said: “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.

“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 decarbonise 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.”

Marie-Claire Daveu, Chief Sustainability and Institutional Affairs Officer at Kering, added: “To match our long-term vision to help drive luxury and fashion’s sustainability agenda, we have continued to evolve our sustainability strategy.

“Setting a target to reduce our total absolute emissions will support the decarbonisation 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.”