PARIS — Kering has revealed the second phase of its sustainability strategy, to run through 2025, a three-pillar plan targeting environmental impact, social aspects and innovation.
“More than ever, I am convinced that sustainability can redefine business value and drive future growth,” stated François-Henri Pinault, chairman and chief executive officer of Kering, which owns brands including Gucci, Bottega Veneta, Saint Laurent, Stella McCartney, Puma and Boucheron.
“As business leaders, we all have a crucial role to play and I worked with the ceo’s of our luxury maisons to embed sustainability across our activities while developing this next important phase of our sustainability strategy.”
The program includes a plan to reduce the firm’s environmental footprint by 40 percent, from a 2015 base, by 2025.
The strategy will focus on three pillars: Care, devoted to the environment; Collaborate, for social aspects of sustainability like employee and supplier community welfare and equality, and Create, dealing with new business opportunities.
The firm’s previous sustainability road map for 2012 to 2016 focused 90 percent on environmental commitments, which the company measures using Environmental Profit & Loss accounting, Marie-Claire Daveu, chief sustainability officer and head of international institutional affairs at Kering, explained.
Reducing the impact of the firm’s EP&L by 40 percent will
Follow WWD on Twitter or become a fan on Facebook.
Read More…