Kering

Kering's Climate and Emissions Overview

For the reporting year 2024, Kering reported total global greenhouse gas emissions of approximately 2.16 billion kg CO2e. This figure comprises Scope 1 emissions of about 31.1 million kg CO2e, Scope 2 emissions of approximately 12.4 million kg CO2e (market-based), and Scope 3 emissions amounting to roughly 2.12 billion kg CO2e. The largest contributor to Scope 3 emissions was purchased goods and services, at approximately 1.5 billion kg CO2e, followed by upstream transportation and distribution at around 145 million kg CO2e.

In the previous year, 2023, Kering's total global emissions were approximately 2.55 billion kg CO2e. This included Scope 1 emissions of about 31.6 million kg CO2e, Scope 2 market-based emissions of roughly 12.7 million kg CO2e, and Scope 3 emissions of approximately 2.51 billion kg CO2e.

Kering has established robust climate commitments, aligning with the Science Based Targets initiative (SBTi). The company has committed to achieving net-zero greenhouse gas emissions across its value chain by 2050. More specifically, Kering aims for a 54.6% absolute reduction in Scope 1 and 2 greenhouse gas emissions by 2033, using a 2022 baseline. Additionally, they commit to a 54.6% reduction in Scope 3 emissions (excluding FLAG) by 2033 and a 39.4% reduction in Scope 3 FLAG (Forest, Land and Agriculture) emissions by the same year.

Long-term targets include a 90% reduction in Scope 1, 2, and 3 greenhouse gas emissions by 2050 from a 2022 baseline, and a 72% reduction in Scope 3 FLAG emissions by 2050 from a 2022 baseline. Kering also aims to reduce Scope 1 and Scope 2 emissions to near zero by 2025 and has committed to reducing Scope 3 emissions by 70% per unit of value added by 2030 from a 2015 base year, as per SBTi guidelines.