Kering Becomes First Company to Adopt Science-Based Targets for Land and Freshwater at COP16

Kering Becomes First Company to Adopt Science-Based Targets for Land and Freshwater at COP16

(IN BRIEF) At COP16, Kering became the first company globally to adopt science-based targets for land and freshwater, marking a significant step in its commitment to biodiversity. After participating in the Science Based Targets Network’s corporate pilot, Kering set targets to reduce its land footprint, prevent ecosystem conversion, and address water use in its supply chain, starting with the Arno basin in Tuscany. These efforts complement Kering’s ongoing initiatives to protect and restore biodiversity, reinforcing its leadership in sustainable luxury practices.

(PRESS RELEASE) PARIS, 21-Nov-2024 — /EuropaWire/ — At the COP16 summit, Kering took a groundbreaking step in advancing its biodiversity commitment by becoming the first company globally to adopt science-based targets for both land and freshwater. This milestone follows Kering’s participation in the Science Based Targets Network’s (SBTN) year-long corporate pilot, making it the first organization across all industries, including fashion, to adopt such targets for nature.

The new targets are designed to complement Kering’s ongoing efforts to protect and restore biodiversity. They focus on the company’s direct operations, including its owned tanneries and factories, as well as its upstream suppliers. One key element of Kering’s strategy is a freshwater target focused initially on the Arno basin in Tuscany, where a significant portion of the Group’s water usage takes place. This will allow the company to address its impact on water resources, particularly in an area central to its supply chain.

Additionally, Kering’s targets for land include goals to prevent the conversion of natural ecosystems, reduce its land footprint, and implement relevant landscape initiatives that can have a meaningful impact on biodiversity.

This ambitious move by Kering marks a key advancement in corporate responsibility toward nature, further strengthening the Group’s leadership in sustainable business practices. For further insights, the details of Kering’s participation in the pilot program can be found in the case study.

About Kering

A global Luxury group, Kering manages the development of a series of renowned Houses in Fashion, Leather Goods and Jewelry: Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, DoDo, Qeelin, Ginori 1735 as well as Kering Eyewear and Kering Beauté. By placing creativity at the heart of its strategy, Kering enables its Houses to set new limits in terms of their creative expression while crafting tomorrow’s Luxury in a sustainable and responsible way. We capture these beliefs in our signature: “Empowering Imagination”. In 2023, Kering had over 49,000 employees and revenue of €19.6 billion.

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SOURCE: Kering