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.
Retailers the country over can breathe a collective sigh of relief now that the border adjustment tax is officially, fully dead.Read more
How can manufacturers take advantage of the opportunities in new markets while mitigating their exposure to fraud?Read more
This week Amazon's inside track on cheap shipping, American-made brands sounding off on the Trump administration and consignment's new normal all made headlines.Read more
Sometimes it feels like speed is all anyone’s talking about these days, as retailers and brands look for ways to increase the efficiency of their supply chains. Unfortunately, most companies are only able to pay lip service to reducing time to market.Read more
It hasn’t been smooth sailing for footwear sourcing in this shifting retail landscape, and with imports faltering and duties per pair rising to new highs, brands are looking to reorient themselves in new ways and spaces.Read more
Cargo volume set a record in the first half of the year in the Port of New York and New Jersey and are on pace for the highest annual volume for the year.Read more