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- /Kering
Kering
- Sector: Fashion & Apparel
- Headquarters: France
Review summary
Kering submitted its commitment to Act4nature international and biodiversity strategy to ‘It’s Now for Nature’ and met all the review criteria to be accepted into the campaign. Kering is part of the Science Based Targets Network (SBTN) pilot to set science-based targets for nature. Kering is a member of the Fashion Pact and has worked with the Cambridge Institute for Sustainability Leadership (CISL) to develop a Biodiversity Impact Metric (BIM) tool to help drive smarter sourcing decisions.
Reviewed March 2024
- Kering has performed a value chain mapping and materiality assessment as it’s rolling out its 2025 Sustainability Strategy.
- Kering’s main environmental impacts occur in the raw material production phase. The impacts are the greatest in the land use category. Other categories assessed are air emissions, GHGs, land use, waste, water consumption, and water pollution.
- Kering has made four individual commitments through Act4nature.
- Each commitment is summarized in a table with details about how the commitment is SMART, the scope, indicators, measurable objectives, and deadlines.
- Example of commitment: “By 2025, Kering aims to restore and regenerate one million hectares in its supply chain landscapes.”
- Kering uses the Science Based Targets Network’s Action Framework (AR3T) as a guiding framework to reach its biodiversity goals.
- In its biodiversity strategy, there are spotlights on “ongoing work” related to each commitment.
- In the annex to the strategy, there are implementation steps and ways that will show progress made such as risk assessments, supplier engagement, monitoring, verification, reporting and collaboration.
- Kering’s Sustainability Strategy includes its biodiversity and climate strategies and is under the supervision of the Group’s CEO and Chairman of the Board who is responsible for aligning the company’s strategy with its sustainability strategy.