Climate and Net Zero Targets
Scope 1 and 2: Kering has the goal of a 54.6% reduction in scopes 1 and 2 GHG emissions by 2033 against a 2022 baseline. It aims for a 90% reduction by 2050 against the same baseline.

Scope 3: Yes but slightly later time frame and baseline. Goal to reduce Scope 3 emissions by 54.6% by 2033 against a 2022 baseline.It aims for a 90% reduction by 2050 against the same baseline. The company has also set Scope 3 FLAG targets;
• 2033 – 39.4% reduction in scope 3 FLAG GHG emissions compared to 2022;
• 2050 – 72% reduction in scope 3 FLAG GHG emissions compared to 2022.

Mid-term (2035/2040) milestones: Yes has demonstrated mid-term milestones. While Kering has now updated it’s SBT, previously the organisation had publicly committed to a reduction by 2035 too covering Scopes 1, 2 and 3 to ensure it reached its net zero target. It has now also set targets for 2033 as part of its updated transition plan.

Net Zero Roadmap: Yes, Kering has a goal to be net zero by 2050. It has set interim targets beyond 2030 for Scopes 1-3 as part of its transition plan.

Renewable Energy Targets
Own operations RE target: Yes. Company reports having achieved the target of 100% renewable electricity in countries where that is possible, in accordance with RE100 guidelines. It has engaged in high impact activities, including VPPA with the Fashion Pact.

Supply chain RE target: Kering has the goal to build a plan to reduce strategic suppliers’ energy consumption by 70% by 2035. Kering communicates it encourages suppliers as best practice to target 100% renewable electricity as mentioned in its Kering Standards, more specifically in the section related to the “Standards for Manufacturing processes” (each of the four sections has a target called “Target 100% renewable energy”). The Standards list examples of processes to be implemented by suppliers in order to reach 100% of renewable energy.

Thermal Coal Phase Out
2030 Coal Phase-out Target: Kering is a member of the UNFCCC Fashion Industry Charter for Climate Action and has a plan to phase out coal by 2030.

Thermal energy transition/ electrification: Kering’s has a coal phase out plan which prioritizes heat pumps, which is an important step towards phasing out fossil fuels. The report states that “We are also working on the phase-out of on-site residual fuels use, substituting boilers with heat pumps, and electrification of company cars. By 2030, the residual fuel use will be gas only and will be compensated by green gas certificates”.

Transparency
Emissions data: Yes, Kering publishes this information in its ESG data book, available publicly. Historic information for Scopes 1 -3 and a category breakdown for Scope 3. It also provides a breakdown of its latest emissions by supplier tier.

Supply chain energy data: Unclear.

Supplier lists published: No. The company does not disclose information about its supplier list, although one of key the brands under its umbrella, Gucci, does provide this information. This is similar to luxury competitor, LVMH.

Training, feasibility studies, and non-financial support for climate action
Kering communicated that it offers training to Tier 1 and Tier 2 suppliers. Engaging with them on energy efficiency, accessing renewable energy, develop climate transition plans, undergo feasibility studies and set targets. Company does this through; Aii Clean by Design and Carbon Target Setting Program. On average, suppliers completing the program between 2013 and 2023 reduced their energy consumption by 13%, according to the company.

Additional, targeted support for transition planning: Kering reports working with Tier 1 and Tier 2 suppliers on feasibility studies and to set targets as part of their transition plans.

Financial Support for Decarbonization
Loans and financing: In its response to Stand.earth, Kering said it has set up different forms of financial supports for its suppliers for the transition to climate resilient business models. For Tier 1 and Tier 2 suppliers, Kering finances the energy/water/chemical audits which are the necessary first steps for this transition. The supplier doesn’t have to pay for this audit, but reciprocally commits to implement the identified solutions with best return on investment. Beyond financing audits, there are no strong examples.

Collective financing initiatives: No strong evidence.

Direct/debt-free financing: Kering communicates for Tier 3 and Tier 4 suppliers, Kering has set up the Regenerative Fund for Nature, which is grant-based. It supports herders and farmers in the supply chains of the main raw materials of luxury (namely leather, wool, cashmere and wool) make their transition to low carbon and regenerative practices.

Responsible/equitable buying to enable climate action
Purchasing decisions incentivize climate action: Company communicates that suppliers must follow the “Kering Standards” which list the requirements on environmental performance, social management, traceability, chemical management and animal welfare. Kering Standards are reflected through the Kering Sustainability Principles as part of the contractual framework with suppliers. Suppliers are required to abide by these principles. Kering Sustainability Principles are the contractual dual of the Kering Standards.

Equitable/long-term sourcing to enable climate action: Company communicated that it uses a vendor portal which enables the collection of social and environmental performance information from strategic suppliers and facilitates information sharing. The data collected through this portal is compiled and reviewed for consistency by the internal teams in charge, according to response.

Prices enable climate action: No strong evidence.

Climate Adaptation
Adaptation/worker just transition training funded or provided: Kering has published climate change adaptation policies, one pillar of this includes ensuring the resilience of its critical operations in production sites against flooding and other extreme weather events. The company has a goal that by 2030 100% of sites regarded as highly exposed to climate risks must be covered by suitable plans.

Emergency support developed with local groups: No strong evidence.

Decarbonization Progress
Reducing manufacturing emissions: Yes. Kering data shows a 16% YOY emissions reduction. The company adjusted its emissions methodology in 2024, establishing 2022 as a new baseline, and shows a total reduction of 24%.

Increasing supply chain renewable electricity: No strong evidence.

Coal phase out transition progress: No strong evidence.

Commitment to phase out fossil fuel-derived fibers
Not specifically. Synthetics must align with Kering standards by 2025 (certified, bio-based, recycled) Kering does acknowledge the issues of fossil fuel feedstock. Kering communicated to stand.earth Kering Houses use mostly natural fibers 61% of our materials are from “biological” origin, meaning natural materials such as leather, cotton, wool, cashmere etc. and promote the use of organic and regenerative agriculture practices.

Deforestation-free materials
Leather: Yes. Included in Kering Standards and Kering Biodiversity strategy. Requires, leather to be; fully traceable, originate from countries with low risk of deforestation and with a strong environmental and social stewardship and verified on animal welfare

Man-made Cellulosic Fibers: Yes, included in Suppliers’ Charter of the Kering Code of Ethics which works towards eliminating controversial supply chains that may negatively impact forest resources or endangered species habitats. Standard for cellulosic fibres aligned with Canopy.

Low-carbon materials
Yes especially for innovative next gen materials. Material Innovation Lab (MIL), which is dedicated to the sourcing of sustainable materials and fabrics. As the Lab continues to develop, Kering’s Houses have access to more than 8000 fabric samples. Also worked with Fashion for Good for the “Full Circle Textiles Project: Scaling Innovations in Cellulosic Recycling” project

Increasing Circularity
Kering demonstrates strong efforts to scale circularity efforts. The Group has a public commitment to align 100% raw materials with its Kering Standards by end of 2025. For cotton, this includes, certified organic, regenerative and recycled.
Repair is universally offered under all Kering houses and the company invested in second hand-platform Vestiaire Collective as well as founding the Material Innovation Lab and working with Fashion for Good for the “Full Circle Textiles Project: Scaling Innovations in Cellulosic Recycling” project.

Target & increase recycled cotton
Has the target for 2025 to use cotton material with recycled content wherever possible. For recycled cotton, GRS certification is required.
When using recycled content in a product, the recycled
content of the material should be at least 20%. Company reports on material traceability rate and the alignment rate with kering standards/certifications. 82% alignment with cotton standards in 2024.

100% recycled/organic/regen cotton + wool, report on progress
The Group has a public commitment to align 100% raw materials with its Kering Standards by end of 2025. For cotton, this includes, certified organic, regenerative and recycled. As of 2023, company reported that for cotton 70% towards this target. Company reports on material traceability rate and the alignment rate with kering standards/certifications. 82% towards 100% alignment on cotton. 77% towards 100% alignment on wool targets.

Support farmers, transition to regen/organic farming
Yes – Launched in January 2021, the Regenerative Fund for Nature is consistent with Kering’s Biodiversity strategy.
Fund provides grants to farming groups, project leaders, NGOs and other stakeholders who are ready to test, prove and scale regenerative practices, which focus on working in harmony with natural systems.
This included the Organic Cotton Accelerator as one of its recipients

Resale/repair – % total sales/disclosure on #
Yes, repair offered for all products of Kering houses. Expanding specialist repair centres in Shanghai, HK and US. Several houses offer resale including Balenciaga, Gucci and McQueen. Kering invested in second hand platform Vestiaire Collective in 2021. Company does not disclose percentage of total sales of these initiatives.

Direct link resale/repair to reduce production
Linked to circularity ambition, longevity and efficiency.

Materials transparency
Shares material mix: Yes company communicates breakdown of raw materials used as a percentage of total volume. -40% bovine leather
– 24% paper
– 15% ovine leather
– 6% plastic
– 5% cotton
– 10% other (Cellulose based fibers, Metals, Other animal fibers, Other materials, Other leather, Other plant fibers, Precious skin, Rubber, Stones, Synthetic fibers, Wood)
The company also reports on percentage aligned to Kering standards, found in ESG data book and online. Figures will be updated in March report.

Provides data on units sold: Company does not disclose that information.

Kering has a target to reduce its upstream logistics emissions, and reported a sustained reduction in emissions compared with its 2022 baseline year. The company also began reporting on its transportation modes, including CO2 emissions by mode, which provides helpful insights and shows that emissions from evey mode except road transport fell. Helpfully, Kering communicates a specific target to increase the use of marine shipping for key product areas.

Actions to reduce the impact of marine shipping: Some evidence of engagment in short term cleaner transportation through optimisation. Company states it focuses on the most efficient transport means and that through Kering Standards for Logistics, address sustainability topics within logistics, aiming for 100% renewable electricity for these activities by 2025, and pushing for last-mile deliveries provided by zero-emission vehicles. Further objectives include minimizing emissions from medium- and long-range transportation through modal shifts (airplane to ship and train), and optimizing routes from goods production to the final user.

No commitments or action to promote a shift to zero emission vessels by 2030, although the company reports supporting a transition to ZEVs for last mile delivery.

As with previous Scorecard results, few direct examples in Asia. Kering lists engagement in industry initiatives in its response, including RE100 membership, Fashion Pact involvement including on the VPPA initiative as well as the UNFCCC Fashion Industry Charter for Climate Action.