Kering — which owns luxury brands including Gucci, Stella McCartney, Alexander McQueen, Bottega Veneta, Christopher Kane, Sergio Rossi and Saint Laurent — has just been confirmed as the industry leader for the textiles, apparel and luxury goods sectors by the Dow Jones Sustainability Indexes.
“This top ranking reflects the tangible benefits of our pioneering Environmental Profit and Loss Account rollout and our overall strategy to implement a sustainable business model in our own operations and across our supply chain,” Marie-Claire Daveu, chief sustainability officer and head of institutional affairs at Kering, told WWD.
Kering has been working hard to ensure sustainability for some time now. The luxury holding group also received the same honor from the DJSI — which tracks the performance of the 2,500 companies — last year.
According to Daveu, Kering has been working to implement a smart sustainable store program at many of its boutiques. The company is also innovating its manufacturing process to reduce environmental impacts and ensure responsible and sustainable sourcing of raw materials.
Back in May, Kering presented its first-ever Environmental Profit and Loss Report for 2013, which was published in an effort to expose the environmental issues facing the fashion industry.
The report revealed that Kering’s environmental impact was 40 percent less than expected of a company producing at its scale. It also included statistics from every step of the production process, which stretches to over 1,000 suppliers in 126 countries. Unfortunately, the research revealed that 93 percent of the worst environmental deterioration came from these early processes and, therefore, over 50 percent of the damage happens at companies that Kering cannot control.
“Just Kering, per se, we won’t be able to change supply chains as much as is needed,” Kering CEO and chairman François-Henri Pinault said at the time. “This is why sharing our methodology, sharing our way of thinking, as Marie-Claire [Daveu] mentioned — most of our suppliers are working with many companies like us, so by joining forces and seeing things in the same way, we’ll be much more stronger to be able to change those practices.”
*This story appeared on Fashion Times