Kering commits to cut greenhouse gas emissions by 40% by 2035
©Kering
French luxury conglomerate Kering has outlined a new commitment to reduce its greenhouse gas emissions (GHG) by 40 percent by 2035, on a 2021 baseline. The group said the new target came as a next step in accelerating its sustainability strategy, which it is looking to implement throughout its portfolio of brands.
Linked to a 2021 baseline, it builds on the company’s efforts to attain social and environmental targets that it had initially set for 2025 as it looks to develop them with ambitious new targets.
In a release, 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.”
Looking ahead, Kering, which manages luxury companies including Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, and Brioni, among others, is expected to release its 2020-2023 Sustainability Progress Report on March 22, six years into the group’s ‘Crafting Tomorrow’s Luxury’ strategy.
