Kering

Kering, a French retail trade services company, is committed to addressing its carbon emissions with ambitious reduction targets.

As of 2024, Kering's total reported carbon emissions were approximately 2.16 billion kg CO2e. This includes Scope 1 emissions of about 31.05 million kg CO2e, Scope 2 emissions (market-based) of approximately 12.43 million kg CO2e, and Scope 3 emissions totalling around 2.12 billion kg CO2e. The largest contributors to Scope 3 emissions include purchased goods and services at approximately 1.50 billion kg CO2e, and capital goods at about 272.05 million kg CO2e.

Looking back, Kering's total emissions in 2023 were approximately 2.55 billion kg CO2e, with Scope 1 at about 31.62 million kg CO2e, Scope 2 (market-based) at around 12.73 million kg CO2e, and Scope 3 at roughly 2.51 billion kg CO2e. In 2022, total emissions were about 2.82 billion kg CO2e, comprising Scope 1 emissions of approximately 32.19 million kg CO2e, Scope 2 (market-based) emissions of about 11.31 million kg CO2e, and Scope 3 emissions of around 2.76 billion kg CO2e.

Kering has set several near-term and long-term climate commitments validated by the Science Based Targets initiative (SBTi):

Near-term Targets:

• Absolute Reduction: Kering commits to reduce absolute Scope 1 and 2 GHG emissions by 54.6% by 2033 from a 2022 base year. This target also applies to absolute Scope 3 GHG emissions, aiming for a 54.6% reduction within the same timeframe.
• FLAG Emissions: The company targets a 39.4% absolute reduction in Scope 3 FLAG (Forest, Land and Agriculture) GHG emissions by 2033 from a 2022 base year and commits to maintaining no deforestation across its primary deforestation-linked commodities.
• Older Targets: Kering previously committed to a 90% absolute reduction in Scope 1 and 2 GHG emissions by 2030 from a 2015 base year. Additionally, it aimed to reduce Scope 3 GHG emissions by 70% per unit of value added by 2030 from a 2015 base year, and to increase annual sourcing of renewable electricity from 25% in 2015 to 100% by 2022. Earlier, the company set a 50% reduction target by 2025 for Scope 1, Scope 2, and specific Scope 3 emissions (transportation, distribution, energy/fuel production, business air travel) from a 2015 baseline.

Long-term Targets:

• Net-Zero: Kering commits to reach net-zero greenhouse gas emissions across its entire value chain by 2050.
• Absolute Reduction (Energy & Industry): By 2050, Kering aims for a 90% absolute reduction in Scope 1, 2, and 3 GHG emissions (energy and industry) compared to a 2022 base year.
• Absolute Reduction (FLAG): For Scope 3 FLAG GHG emissions, a 72% absolute reduction is targeted by 2050 from a 2022 base year.

All emissions data and climate commitments are directly from Kering SA, with no cascading from a parent or related organisation.