Kering
Kering, a global leader in luxury goods, is headquartered in Paris, France. Founded in 1963, the company has evolved into a powerhouse in the fashion and accessories industry, with a diverse portfolio that includes renowned brands such as Gucci, Saint Laurent, and Bottega Veneta. Kering operates across major regions, including Europe, North America, and Asia, solidifying its presence in the luxury market. The company is distinguished by its commitment to sustainability and innovation, offering high-quality products that blend craftsmanship with contemporary design. Kering's strategic focus on brand development and market expansion has positioned it as a formidable player in the luxury sector, achieving notable milestones such as its inclusion in the Fortune Global 500. With a strong emphasis on ethical practices, Kering continues to set benchmarks in the industry, making it a unique and influential entity in the world of luxury fashion.
DitchCarbon Score
How does Kering's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Retail Trade Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Kering's score of 56 is higher than 95% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Kering's reported carbon emissions
In 2023, Kering reported total greenhouse gas emissions of approximately 2,596,739,000 kg CO2e, comprising 14,918,000 kg CO2e from Scope 1, 7,923,000 kg CO2e from Scope 2, and a significant 2,596,739,000 kg CO2e from Scope 3 emissions. This data highlights the company's substantial carbon footprint, particularly in Scope 3, which typically includes emissions from the supply chain and product use. Kering has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 greenhouse gas emissions by 90% by 2030 from a 2015 baseline. Additionally, the company plans to increase its sourcing of renewable electricity from 25% in 2015 to 100% by 2022. For Scope 3 emissions, Kering targets a 70% reduction per unit of value added by 2030, also based on a 2015 baseline. Looking further ahead, Kering has committed to achieving net-zero greenhouse gas emissions across its entire value chain by 2050. This long-term goal includes a near-term target to reduce absolute Scope 1, 2, and 3 emissions by 90% by 2050 from a 2022 baseline, with specific reductions in Scope 3 emissions related to deforestation-linked commodities. These initiatives reflect Kering's commitment to sustainability and its proactive approach to addressing climate change within the luxury goods sector.
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Get Started| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 14,257,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 11,271,000 | 00,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 136,600,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Kering is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
