Modern luxury fashion giant Kering – the parent company to fashion brands such as Gucci and Yves Saint Laurent – has recently announced its aim to massively reduce its carbon footprint. In a groundbreaking move that is sure to inspire many, Kering has promised to cut all greenhouse gas emissions from its own operations, as well as those of its suppliers, by the year 20
1. Kering, Parent Company of Gucci and YSL, Commits to Reduce Greenhouse Gas Emissions
Kering Pledges to Reach Carbon Neutrality By 2050
Kering, the parent company of Gucci and YSL, has announced a new sustainability plan to reduce greenhouse gas emissions throughout its scope of activities. This includes a commitment to reach carbon neutrality by 2050, which includes the reduction of emissions through energy use, development of materials, manufacturing processes, safer chemicals, and a focus on circular processes.
The sustainability plan is wide-reaching, covering all aspects of Kering’s operations and supply chain. Kering also pledged to:
- Reduce the use of hazardous chemicals across all activities by 50%
- Make 75% of their products using sustainable fabrics and raw materials
- Reduce water use in production processes by 50%
- Increase their use of renewable energy, aiming for 75% by 2025
By committing to a sustainability plan, Kering is leading the fashion industry in becoming more environmentally conscious. The company has already taken steps to make Gucci and YSL more socially responsible, including reducing the use of unsustainable materials, increasing transparency, and working to eliminate discrimination in the work place. It is clear that Kering is dedicated to creating a future in which the fashion industry is more sustainable and environmentally conscious.
2. Carbon Neutral Initiative Set to Make a Positive Environmental Impact
The carbon-neutral initiative is making a serious impact on the global environment. The goal is to reduce emissions and improve air quality, and from the looks of it, the results are starting to show.
Not only is the initiative reducing net emissions, but it’s also weaving sustainability into the way people live. Through the implementation of projects like renewable energy sources and carbon reduction technologies, it supports developing countries and local businesses.
- Renewable Energy Sources – The initiative is improving access to renewable energy sources like solar and wind power, helping power grids become cleaner and more efficient, while providing green jobs.
- Carbon Reduction Technologies – These technologies reduce the need for fossil fuels, while offsetting the carbon impact by recapturing and sequestering carbon dioxide.
- Localized Benefits – Solutions are tailored to fit various communities, helping expand clean energy access and creating a healthier and more sustainable environment.
The initiative is a positive step in the right direction, providing new opportunities for the world to move towards a more sustainable future.
3. Motivating the Luxury Industry to Reduce Its Carbon Footprint
The luxury industry has been renowned for using unsustainable means of production, however there is a growing pressure from consumers and environmental activists alike that is encouraging the industry to adjust its production methods to reduce its carbon footprint. Here are three key-driving forces that should motivate luxury industry change.
- Consumer Pressure – Trends indicate consumers are becoming increasingly cognizant of the ethical implications of their purchasing decisions and are choosing to make more eco-conscious purchases.
- Climate Activism – Increased awareness of eco-friendly habits and practices are supported by activist groups who are using their platforms to push the luxury industry to use more sustainable production methods.
- Competition – Many companies have already embraced green initiatives, and those that don’t are visibly left behind due to the change in consumer demand.
The movement away from traditional production methods and towards more eco-conscious practices is finally driving luxury industry sustainability. Fortunately, there are several initiatives already in place to provide the resources and support the industry needs to reduce its carbon footprint. Companies should strongly consider such initiatives, as the benefits of reducing their carbon footprint and fully embracing green practices greatly outweigh the risks.
4. Kering’s Commitment to Sustainability and Impact on Long-term Climate Change Goals
Kering is committed to driving sustainability transformation into all key business areas and making it the basis of long-term decision-making. The multinational is aware that human behavior and rapid industrialization have caused severe environmental issues and have a huge impact on climate change. Kering is pushing for tangible and positive changes to counteract these consequences.
Kering reinforces its ambition to completely re-define the fashion industry by being deeply committed to actively managing and mitigating its environmental impact. The company’s global environment strategy is focused on three main pillars:
- Minimizing climate change – Kering works towards decreasing greenhouse gas emissions and impacts of fabrics fabrication and use, by constantly improving the energy efficiency of its plants and developing sustainable raw materials.
- Protecting nature and its resources – Kering supports the conservation and restoration of biodiversity, ensuring sustainable use of natural resources and a circular approach to the production of its products.
- Reducing impacts on its human environment – Kering commits to caring for the wellbeing of every person in its production chain, from farm to factory.
By integrating these core values and leveraging its global leadership in the fashion industry, Kering is sending a strong message about the power of collective action for positive change and the key role played by businesses twice in long-term climate change goals.
Kering’s commitment to reducing greenhouse gas emissions is another step in the right direction for a world that is increasingly looking for sustainable solutions for the future of our planet. With this goal, Kering is demonstrating how making a conscious effort to conserve resources can have a positive global impact and invest in a better future.
