The luxury goods group Kering has set itself an ambitious goal in the fight against climate change. By 2035, the Gucci parent wants to reduce the company’s absolute greenhouse gas emissions by 40 percent, Kering announced on Friday.
The greenhouse gas balance for 2021 is taken as the basis for measuring the target. Kering’s reduced target also includes all three of the categories or “scopes” subdivided by the Greenhouse Gas (GHG) Protocol calculation tool. The categories include all direct emissions from owned or controlled sources, indirect emissions from production from purchased sources and all other indirect emissions generated in a company’s value chain.
“We have evolved our sustainability strategy to reflect our long-term vision and to advance the sustainability agenda of the luxury and fashion industry,” said Marie-Claire Daveu, chief sustainability and institutional affairs officer at Kering. “Setting a target to reduce our absolute total emissions will support the decarbonization of our group of companies as we remain on a 1.5 degree path.”
The announcement comes ahead of the scheduled release of the 2020-2023 sustainability progress report on March 22, and is now intended to complement the company’s sustainability strategy and vision of “modern and responsible luxury.” To what extent Kering has come closer to its previous goals will become apparent over the next few days.