As sustainability battles heat up across the fashion industry — from fast fashion to luxury — Kering has forged ahead with its environmental profit-and-loss account, reporting it lowered its environmental impact by 14 percent between 2015 and 2018.
Drafting and publishing the system for tallying the environmental cost of its activities has been key to establishing Kering as an authority on sustainability issues, and it has topped a number of corporate rankings on the subject, including several times at the head of the Dow Jones Sustainability Index for its category.
The group said it’s on a “positive trajectory” to reach its 40 percent reduction in environmental impacts by 2025.
“The results are very promising,” said Marie-Claire Daveu, speaking at a press conference presenting the report, on the sidelines of the ChangeNow summit at the Grand Palais in Paris. The company gathered its own executives as well as those from other organizations, and Plug and Play to talk about its progress and areas to improve. Samples of materials like certified, sustainable wool from New Zealand, organic silk and viscose with a Forest Stewardship Council certification were on display at the back of the room — from Kering’s Material Innovation Lab.
Watch on FN
This story was reported by WWD and originally appeared on WWD.com.
To read the full story, please go to WWD.com