Kering
Climate Impact & Sustainability Data (2022, 2023)
Reporting Period: 2022
Environmental Metrics
Renewable Energy Share:100% (2022)
ESG Focus Areas
- Climate Change
- Biodiversity
- Circularity
- Human Rights
- Diversity & Inclusion
Environmental Achievements
- 50% reduction in environmental footprint (EP&L intensity) between 2015 and 2022
- Achieved 100% renewable electricity in 2022
- 95% traceability for key raw materials
- 71% raw materials aligned with Kering Standards
Social Achievements
- Launched Women in Luxury global network
- Developed BOLD (Black Organisation for Leaders in Diversity)
- Global anti-domestic violence policy
- Launched first employee share ownership plan (KeringForYou)
Governance Achievements
- 50% women on the Board of Directors
- 60% independence of the Board
- Executive compensation linked to ESG performance
Climate Goals & Targets
Long-term Goals:
- Net-zero emissions by 2050
Medium-term Goals:
- Become a nature positive company by 2025
- Regenerate 1 million hectares of farms and rangelands by 2025
- Protect 1 million hectares of critical habitat by 2025
Short-term Goals:
- Reduce GHG emissions by 40% across Scope 1, 2, and 3 by 2035 (2021 baseline)
- Achieve gender parity at all levels by 2025
- Pay equity at all levels by 2025
Environmental Challenges
- Reducing Scope 3 emissions across the supply chain
- Ensuring living wages across the supply chain
- Maintaining high levels of employee engagement
Mitigation Strategies
- Implementing regenerative agriculture practices
- Investing in the Climate Fund for Nature and Regenerative Fund for Nature
- Conducting regular employee surveys and implementing action plans based on feedback
Supply Chain Management
Supplier Audits: 64% of suppliers audited in 2022
Responsible Procurement
- Kering Standards
- Traceability requirements
- Regenerative Fund for Nature
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
Transition Risks
- Regulatory changes
- Market shifts
Opportunities
- Development of sustainable products and materials
Reporting Standards
Frameworks Used: Science Based Targets initiative (SBTi), CDP, DJSI, FTSE4Good, Bloomberg Gender Equality Index, Equileap, Refinitiv Global Diversity & Inclusion Index
Sustainable Products & Innovation
- Balenciaga EPHEA™, Gucci Demetra, Cofalit®
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:2,596,739 tCO2e/year
Scope 1 Emissions:14,918 tCO2e/year
Scope 2 Emissions:7,923 tCO2e/year
Scope 3 Emissions:2,573,898 tCO2e/year
Renewable Energy Share:100% (achieved and maintained since 2022)
ESG Focus Areas
- Climate Change
- Biodiversity
- Circularity
- Sustainable Sourcing
- Gender Equity
- Human Rights
- Governance
Environmental Achievements
- 58% reduction in environmental footprint
- CDP 2023 Triple A List (Climate/Water/Forests)
- 97% traceability for key raw materials
- 75% raw material aligned with Kering Standards
- 840,000 hectares of land converted to regenerative agriculture
- Maintained 100% renewable electricity use since 2022
- 40% reduction in EP&L target achieved 4 years ahead of schedule
Social Achievements
- 63% women employees and 57% women managers
- Universal Fair Pay certification for Kering and all Group Houses
- 2nd in World Benchmarking Alliance's 2023 Gender Benchmark
- 87% response rate in 2024 employee survey
- Launch of Women in Luxury (WIL) global network
Governance Achievements
- 55% women on the Board of Directors (post 2024 AGM)
- 64% independent directors on the Board of Directors (post 2024 AGM)
- Executive compensation linked to ESG performance
Climate Goals & Targets
Long-term Goals:
- Net-zero emissions by 2050
Medium-term Goals:
- 40% reduction of GHG emissions across supply chain by 2035
- Regenerate 1 million hectares of land by 2025
Short-term Goals:
- Reduce water consumption at directly owned tanneries by 35% between 2022 and 2035
- 100% of key raw materials traceable and aligned with Kering Standards by 2025
- Lift the proportion of women in Top 500 roles to 50% by end of vesting period (2027)
Environmental Challenges
- Reducing GHG emissions across the entire supply chain (scopes 1, 2, and 3)
- Ensuring 100% compliance with Kering Standards for raw materials
- Achieving gender parity at all levels
- Managing water consumption in tanneries and supply chain
Mitigation Strategies
- Implementation of Kering Standards by suppliers
- Eco-design program
- Renewable energy in supply chains
- Optimized transportation
- Regenerative Fund for Nature
- Climate Fund for Nature
- Inclusive leadership training
- Water risk mapping
- Clean by Design program
Supply Chain Management
Supplier Audits: 4,559 audits in 2023 (75% of suppliers)
Responsible Procurement
- Kering Standards
- ZDHC Supplier to Zero program
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather
Transition Risks
- Regulatory changes
- Market shifts
Opportunities
- Development of sustainable materials and products
Reporting Standards
Frameworks Used: SBTi, Science Based Targets for Nature (SBTN), CDP, CSRD
Certifications: Universal Fair Pay
UN Sustainable Development Goals
- Multiple SDGs
Kering's strategy aligns with 13 UN SDGs
Sustainable Products & Innovation
- Ephea™, Peelsphere, Demetra, Lunaform™
Awards & Recognition
- Gucci Observatory Women and Fashion Award