Kering is a French luxury goods group, owner of brands like Alexander McQueen, Stella McCartney, Balenciaga, Gucci, Bottega Veneta but also Puma and Volcom.
As a group, Kering has a sustainability department, encouraging its brands to contribute to a better world -- economically, socially as well as ecologically. Therefore the group has introduced several general and more specific goals and projects regarding sustainability.
One of those is to implement the ‘Environmental Profit and Loss (E P&L) account’, a tool which measures and quantifies the impact of each part of the supply chain. By putting a monetary value on every aspect, the tool facilitates the comparison between sustainability costs and other business costs.
The Materials Innovation Lab is a second project. This is an extensive library containing more than 1500 sustainable fabrics and a team of technical experts that is made available to every member of the Kering group. The idea is to share all innovations and green solutions with every Kering brand.
In addition, Kering announced a set of more general sustainability targets:
The individual Kering brands obviously also take action; check this list to read all about their specific projects.
FFI interviewed Kering’s Director of Sustainability Operations, Michael Beutler.