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European Climate Pact

Overview

Location

France

Sector

Manufacturing

Organisation type
Business

Company Information

Kering manages a series of brands in the fashion and jewelry industry and is based in Paris, France. In 2021, Kering had over 42,000 employees and revenue of 17.6 billion Euro.

Our progress towards decarbonization

 

GHG Emissions

North Star

  • Kering has a target to reduce absolute scopes 1 and 2 CO2e emissions 90% by 2030 from a base year of 2015
  • Kering has a target to reduce intensity of scope 3 CO2e emissions 70% per unit of value added in euros (consolidated gross margin) by 2030 from a base year of 2015

Pledge: Have an officially validated short-medium term science-based GHG emissions reduction targets aligned with a 1.5°C scenario (scope 1+2) in line with the SBTi Criteria and Recommendations

MRV: Pact MRV in place

Status date: Submitted (01/08/2022)

Data source: CDP Climate Change 2022

How we want to achieve this – our roadmap

  • Have an internal price on carbon 
  • Have an initiative in place to drive GHG emissions reduction through low-carbon energy generation
  • Have scope 1+2+3 GHG emissions verified through a third party verification or assurance process 

MRV: Pact MRV in place

Status date: Submitted (01/08/2022)

Data source: CDP Climate Change 2022

 

Energy

North Star

  • Kering has a company-wide target to consume 100% of electricity from renewable sources by 2022 from a baseline of 24.5% renewable electricity consumption in 2015

Pledge: Have a target for 100% renewable electricity consumption by no later than 2050, in line with the RE100 technical criteria 

MRV: Pact MRV in place

Status date: Submitted (01/08/2022)

Data source: CDP Climate Change 2022

 

Forests

North Star

  • Kering have a public no deforestation (forests-related) commitment that is set to be completed within the timeframe 2021-25 with a cut-off date of 2013. The commitment covers 100% of Timber products production and consumption and applies to their direct operations and supply chain. It is FPIC-based (Free, Prior and Informed Consent of indigenous people).
  • Kering have a public no deforestation (forests-related) commitment that is set to be completed within the timeframe 2021-25 with a cut-off date of 2013. The commitment covers 100% of Cattle products production and consumption and applies to their direct operations and supply chain. It is FPIC-based (Free, Prior and Informed Consent of indigenous people)

MRV: Pact MRV in place

Status date: Submitted (01/08/2022)

Data source: CDP Forests 2022

How we want to achieve this – our roadmap

  • Commit to zero gross deforestation
  • Kering has a target to increase sustainable production and/or consumption of Timber products to 100% by 2025 starting in 2015.
  • Kering has a target to increase sustainable production and/or consumption of Cattle products to 100% by 2025 starting in 2015.
  • Kering has a target to increase sustainable production and/or consumption of Timber products to 100% by 2025 starting in 2015.
  • Support or implement projects focused on ecosystem restoration and protection beyond no deforestation
  • Work with direct suppliers to support and improve their capacity to comply with our forests-related commitments, policies, and other requirements
  • Work with smallholders along the company's value chain to support good agricultural practices and reduce deforestation or conversion of natural ecosystems through financial or technical assistance
  • Publicly disclose data on forest-related impact to investors through a public platform
  • Have a publicly available forest policy, with well-defined goals and targets, that is used to inform internal decision-making
  • Have board-level oversight of forests-related issues
  • Have forests issues be fully integrated in all parts of long-term strategic business plans
  • Make a comprehensive forests-related risk assessment, that checks the following criteria: full coverage of relevant operations, considers risks beyond six years and availability of forest risk commodities, quality of forest risk commodities, impact of activity on the status of ecosystems and habitats, social impacts, and includes local communities; Stakeholders considered is local communities
  • Assess company and suppliers' compliance with forests regulations and/or mandatory standards when sourcing commodities from regions with high deforestation risk 
  • Have a no-deforestation policy that checks the following criteria: general or commodity-specific, publicly available, and company-wide

MRV: Pact MRV in place

Status date: Submitted (01/08/2022)

Data source: CDP Forests 2022

 

Water

Our actions – the Pathway

  • Have an internal price on water 
  • Engage our suppliers to improve their water management and stewardship through onboarding and compliance measures
  • Publicly disclose data on water-related impact to investors through a public platform
  • Have board-level oversight of water issues
  • Integrate water-related issues into the company's financial planning
  • Integrate water-related issues into the company's long-term business objectives
  • Integrate water-related issues into the company's strategy to achieve long-term business objectives

MRV: Pact MRV in place

Status date: Submitted (01/08/2022)

Data source: CDP Water 2022

 

Governance & Strategy

Our actions – the Pathway

  • Publicly disclose climate and environmental data to investors and customers through a public platform
  • Have board-level oversight of climate-related issues
  • Have a process for identifying, assessing, and responding to climate-related risks and opportunities
  • Have an employee engagement strategy to support and contribute to achieving the company's climate and environmental goals

MRV: Pact MRV in place

Status date: Submitted (01/08/2022)

Data source: CDP Climate Change 2022

 

Buildings

Our actions – the Pathway

  • Have an initiative in place to drive GHG emissions reduction through energy efficiency in buildings

MRV: Pact MRV in place

Status date: Submitted (01/08/2022)

Data source: CDP Climate Change 2022

 

Value chain engagement

Our actions – the Pathway

  • Have a supplier engagement strategy designed to offer financial incentives for suppliers who reduce upstream GHG emissions (Scope 3)
  • Have an ongoing and transparent dialogue with our value chain around climate-related issues

MRV: Pact MRV in place

Status date: Submitted (01/08/2022)

Data source: CDP Climate Change 2022