Kering reveals its environmental impact in 2014

By

Barbara Santamaria

Published
Nov 18, 2015

The luxury French group Kering has released the 2014 results of its Environmental Profit & Loss account (E P&L), which measures the environmental footprint in its own operations as well as across the group’s supply chain. In 2014 Kering saw its revenue growth outstrip the growth of its environmental impacts, as it estimated its impacts to be €793 million, up 2.2% compared to 2013, while revenue grew over the same period by 4.5%.

The results, released to catalyse corporate natural capital accounting, show a positive integration of Kering’s 2013 E P&L findings into its sustainability strategy, by improving the impact of the production and processing of raw materials and of manufacturing techniques.

The pioneering methodology was developed by Kering to understand how and where the business can better address environmental issues, and the consistency in year-over-year results has validated it. The metrics analysed are the impacts linked to Kering’s operations (retail, offices and transport) as well as those of its supply chains, from raw materials through to manufacturing, and include Greenhouse Gas (GHG) emissions, water use, water and air pollution, waste production and land use changes.

Kering was the first Group to implement and disclose the results of its environmental footprint in euros in May this year with the publication of its 2013 Group E P&L and the open-sourcing of the methodology.

“Ahead of COP21, it is essential that businesses share solutions that can help reduce our collective impact on the environment and replenish our natural resources, in order to change the trajectory we are currently on,” said François-Henri Pinault, Chairman and CEO of Kering.

The group hopes to drive natural capital accounting adoption by making its open-source methodology more accessible to the business community.