FRANCE: Kering report charts sustainability progress
Luxury goods group Kering is “making progress” towards reaching sustainability targets, two years after announcing a four-year programme on tackling environment and social issues.
The owner of Gucci, Yves Saint Laurent and Bottega Veneta said its Progress Report recorded the important milestones already attained in a number of areas, as well as the challenges yet to be overcome by 2016.
The company’s targets aim to cut across the entire supply chain and company operations, covering raw material sourcing, packaging, water, waste and carbon emissions, hazardous chemicals and PVC, and supplier standards.
Achievements include the creation of the Kering Materials Innovation Lab, with a “comprehensive” library of sustainable materials; the launch of Kering’s “Clean by Design” programme for best practices in textile mills; and the development of heavy metal-free tanning processing solutions.
“As a business we need to be smart, adaptive, innovative, and sustainable to understand our risks and continue to seek out opportunities to succeed in the future,” said François-Henri Pinault, Kering chairman and CEO.
“I am pleased with the progress we have made in implementing internal actions and in establishing industry collaborations to help address our main challenges.”
Kering has booked a jump in full-year earnings but warned that the unsettled economic environment and currency trends will continue to have a mixed effect on group results....
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