Home / Knowledge / News / Apparel/Garments / Kering releases Environmental P&L account report
Kering releases Environmental P&L account report
20
May '15
Fashion and luxury goods marketer Kering released the results of its pioneering Environmental Profit and Loss Account (E P&L).

“E P&L measures environmental footprint in our own operations and across the Group’s supply chains and values it in monetary terms,” Kering informed in a press release.

Further, Kering has published its E P&L methodology in order to provide an open-source tool to encourage other corporations to understand their entire impact on natural capital.

To put Kering’s results in a larger context; if Kering operated and sourced as a typical company of its sector, its E P&L would have been 40 per cent higher.

Kering said it is out-performing its sector in reducing its footprint and further its environmental impacts are less than 45 per cent of the global average business based on comparative turnover.

“The E P&L analysis provides us with critical insights, highlighting where we can implement solutions to mitigate our environmental impact,” said Marie-Claire Daveu, chief sustainability officer.

The 2013 Group E P&L account reveals that of the total environmental impact, 93 per cent falls within the supply chain, with over 50 per cent of the impact associated with raw material production.

Within the supply chain, 26 per cent of the impact is associated with raw material processing and manufacturing and product assembly and accounts for 17 per cent of the total impact.

7 per cent of the impacts are associated with Kering’s operations including retail and of the total impact, 35 per cent comes from GHG emissions and 27 per cent from land use.

And finally, 25 per cent comes from leather, while 17 per cent is linked to cotton.

Through the E P&L, Kering said, it has analysed the impact on natural capital from raw materials to the delivery of products to its customers, including logistics and stores.

“This assessment deepens the understanding of activities, providing visibility so as to enable better decision-making,” it added.

“In doing so, a company increases its ability to reduce its impact, and also to respond to drivers of change in the supply chain, including fluctuations in raw material quality and availability,” Kering informed.

By empowering imagination in the fullest sense, Kering encourages its brands to reach their potential, in the most sustainable manner.

Present in more than 120 countries, the Group generated revenues of €10 billion in 2014 and had more than 37,000 employees at year end. (AR)

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 5th Dec 2016

EC proposes new tax rules to support e-commerce in EU

The European Commission (EC) has unveiled a series of measures to...

Apparel/Garments | On 5th Dec 2016

Traders to intensify adoption of digital payments

Adoption of digital payments in their existing business format would...

Textiles | On 5th Dec 2016

US textile & apparel exports down 6.44% in Jan-Sept ’16

The exports of textile and apparel from United States were down 6.44...

Interviews View All

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search