Luxury goods group Kering has launched a new digital platform granting access to its Environmental Profit and Loss (EP&L) account in a move designed to support fashion players with information and insight into the complexities of their own environmental impacts.
The interactive platform allows users to navigate across Kering’s 2018 Group EP&L results and provides full access to all of the underlying datasets.
The idea is that users can gain a better understanding of Kering’s environmental footprint, browsing through materials, sourcing countries, process steps, and visualise the environmental impact intensity for each of the different raw materials used by the group. Users can also download the underlying datasets to start their own EP&L.
Kering initially created the EP&L in 2011 as a solution to measure, monetise, and monitor the full environmental impacts of its business activities within its own operations and across the entire supply chain, including greenhouse gas emissions, water use, water and air pollution, waste production and land use change.
Overall, the EP&L is used operationally to inform the group’s product design, sourcing decisions, manufacturing, research, and development.
The new platform continues Kering’s commitment to open-sourcing and transparency and shares the methodology for the EP&L and the aggregated data sets underlining it.
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By GlobalDataThese downloadable data sets include the Environmental Key Performance Indicators (EKPIs), which show the environmental impacts from the group’s activities, and the valuation coefficients. This level of transparency allows “unprecedented” access to information about the relationship between business and the natural resources business relies on. Consequently, Kering’s stakeholders will have a greater understanding of its impacts and supply chain resiliency.
Furthermore, the data sets provide enough details to enable luxury and fashion players to initiate their own EP&L analysis, which will offer critical new insights into their business and a pathway to mitigate their footprint, Kering says.
Coinciding with the announcement, Gucci has also launched a dedicated version of the digital EP&L accessible on Gucci Equilibrium. The first house in the group to adopt Kering’s original digital EP&L through a customised version on Equilibrium.Gucci.com, Gucci now allows its community the opportunity to interact with its own EP&L for the first time. By detailing its sustainability progress, all of which is covered in full on its Gucci Equilibrium portal, Kering says Gucci is seeking to drive positive social and environmental change.
In addition, building on Kering’s digital EP&L, a 48-hour Hackathon is planned for October in Paris.
The event will gather developers and experts who will leverage the EP&L data sets to create a new generation of apps and other digital solutions that will provide transparency around fashion’s footprint.
The Hackathon is inspired by the success of Kering’s ‘My EP&L’ app, which reveals the impact of typical items of clothing and helps designers and fashion students integrate sustainability at the very beginning of the design process. A jury comprising of executives from Kering, its brands and external experts will select the top three initiatives, and winners will be awarded monetary prizes totaling EUR18,000 (US$20,219). Additionally, the winning solution will be developed and financed by Kering with the goal to use it within the group.
“Sharing the underlining EP&L data will complement the methodology we open-sourced in 2015 to further help other companies gain greater transparency of their supply chains and clarify their impact on the environment,” explains Marie-Claire Daveu, chief sustainability officer and head of international institutional affairs, Kering. “Our Hackathon will leverage this data to innovate new tech solutions, which will undoubtedly support us in achieving our 40% EP&L reduction target. I hope this will also encourage a broader adoption of the resulting tools to facilitate the reduction of luxury and fashion’s impact on the environment and on biodiversity.”
