EXCLUSIVE: Kering Group Commits to Full Carbon Neutrality

MILAN — There is no time to waste. Following Gucci’s decision earlier this month, parent group Kering will today reveal it is also committing to becoming carbon neutral across the board and throughout its entire supply chain. A pioneer in engaging in sustainable practices, with this latest development the French group is pledging to offset its annual Greenhouse Gas (GHG) emissions from 2018. “When it comes to climate change, we can no longer wait to take real action. We all need to step up as businesses and account for the GHG emissions that we generate in total,” said chairman and chief executive officer François-Henri Pinault, who on Sunday evening received the Visionary Award during the Green Carpet Fashion Awards ceremony in Milan. “While we focus on avoiding and reducing our GHG emissions to meet our Science-Based Target, we will offset all our remaining emissions and support the conservation of vital forests and biodiversity around the world.” Starting in 2015, the Science-Based Target aims to reduce by 50 percent all of Kering’s GHG emissions related to its own operations and supply chain by 2025. Kering’s commitment is an extension of its annual offsetting approach established in 2011, leveraging its Environmental Profit and Loss accounting to analyze the

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