Kering takes the lead for the apparel industry’s low-carbon future.
The French fashion conglomerate’s carbon reduction plans were verified by The Science Based Targets Initiative, a partnership between environmental organizations that works with companies to meet their sustainability targets. Kering aims to reduce its greenhouse gas emissions by 50 percent in eight years, and it is the first luxury company to have its environmental goals approved by the initiative.
“Contributing to combating climate change and respecting planetary boundaries in the way we do business is a priority for us,” said Marie-Claire Daveu, chief sustainability officer and head of Kering’s International Institutional Affairs. “The Science Based Targets initiative is enabling the business community to set meaningful and measurable goals to ensure that we align with the 2°C global agenda and Kering is proud that our own GHG reduction ambitions have been validated by the initiative.”
Many environmental organizations, including the Carbon Disclosure Project (CDP), World Resources Institute (WRI), World Wide Fund for Nature (WWF) and the UN Global Compact, are part of the initiative. Using the latest climate science, the environmental organizations work with businesses to reduce their carbon footprint. The initiative’s science-based targets enable companies to plan their carbon reduction approaches and determine how much improvement is required for a low-carbon economy in upcoming years.
Along with its commitment to reduce direct emissions, Kering will also reduce its indirect emissions from distribution and transportation operations, business flights and energy use by 50 percent by 2025 and purchased goods emissions by a further 40 percent.
“Kering’s ambitious but achievable targets will slash emissions across their value chain, and demonstrates the company’s commitment to a low-carbon future that other businesses must urgently adopt if they are to protect themselves and their customers from the threats of a warming planet,” said Alberto Carrillo Science Based Target initiative leader.
A look at how companies that failed to react and adapt to changing times have allowed new brands that are better tapped into the zeitgeist to steal share.Read more
Print PDFPrint PDFWhen times are tough, companies are more willing to test new ideas and Target, Warby Parker and Amazon are pushing the boundaries of traditional retail. Target gets in bed with Casper After failed attempts at an acquisition, Target has instead invested in Casper...Read more
J.Crew has been shifting in its seat trying to adjust to a new normal of shrinking sales and growing debt, but nothing has quite yet paid off, so the company is cutting its prices.Read more
It’s official. Coach, Inc. is snapping up shares of handbag brand Kate Spade.Read more
This week, consumers called for better children's apparel, retailers turned internally to remedy their financial woes and apparel incubators improved China's manufacturing sector.Read more
Whether and how much consumers care about sustainability may be an ongoing question the industry wants an answer for, but one thing that’s clear is that though some consumers do care, sustainability isn’t the first thing they think of.Read more
Gymboree tapped former Tilly's executive Daniel Griesemer as its new CEO, JC Penney appointed Marci Grebstein as its new EVP and Wolford creative director Grit Seymour is leaving the company.Read more