Home / Knowledge / News / Apparel/Garments / Kering launches digital EP&L for transparency, innovation

Kering launches digital EP&L for transparency, innovation

24
Jun '19
Pic: Kering
Pic: Kering
Kering has launched its new digital platform dedicated to its pioneering Environmental Profit and Loss (EP&L) account. The digital EP&L showcases Kering’s new, interactive 2018 group EP&L report and provides access to unprecedented open data to support luxury and fashion players with information into the complexities of their own environmental impacts.

As a second step to leverage the EP&L data, a 'Hackathon' will invite developers, tech experts and sustainability specialists to create a new generation of apps and digital solutions to help close the gap on understanding the link between fashion and its impact on the environment

Browsers can now navigate through the EP&L results starting from the overall group impact to specific details, such as particular materials, processing activities or sourcing locations.  The digital EP&L also contains the methodology for the EP&L and the aggregated data sets underlining it. These downloadable data sets include the Environmental Key Performance Indicators (EKPIs), which show the environmental impacts from the Group’s activities, and the valuation coefficients. This level of transparency allows unprecedented access to information about the relationship between business and the natural resources business relies on. Consequently, Kering’s stakeholders will have greater understanding of its impacts and supply chain resiliency. Furthermore, the data sets provide enough details to enable other luxury and fashion players to initiate their own EP&L analysis, which will offer critical new insights into their business and a pathway to mitigate their footprint.

Gucci has also launched a dedicated version of the digital EP&L accessible on Gucci Equilibrium. The first house in the group to adopt Kering’s original digital EP&L through a customised version on Equilibrium.Gucci.com, Gucci now allows its community the opportunity to interact with its own EP&L for the first time. By detailing its sustainability progress, all of which is covered in full on its Gucci Equilibrium portal, Gucci is seeking to drive positive social and environmental change.

Building on Kering’s digital EP&L, a 48-hour Hackathon is planned for October in Paris. This event will gather developers and experts who will leverage the EP&L data sets to create a new generation of Apps and other digital solutions that will provide transparency around fashion’s footprint. The Hackathon is inspired by the success of Kering’s ‘My EP&L’ App, which reveals the impact of typical items of clothing and helps designers and fashion students integrate sustainability at the very beginning of the design process. A jury comprising of executives from Kering, its brands and external experts will select the top three initiatives, and winners will be awarded monetary prizes totaling 18,000 Euros. Additionally, the winning solution will be developed and financed by Kering with the goal to use it within the Group.

“Sharing the underlining EP&L data will complement the methodology we open-sourced in 2015 to further help other companies gain greater transparency of their supply chains and clarify their impact on the environment,” said Marie-Claire Daveu, chief sustainability officer and head of international institutional affairs, Kering.  “Our Hackathon will leverage this data to innovate new tech solutions, which will undoubtedly support us in achieving our 40 per cent EP&L reduction target. I hope this will also encourage a broader adoption of the resulting tools to facilitate the reduction of luxury and fashion’s impact on the environment and on biodiversity.” (RR)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Textiles | On 3rd Dec 2020

PRC overtakes US to turn EU's biggest trading partner

China has overtaken the United States in the third quarter of this...

Pic: Shutterstock

Textiles | On 3rd Dec 2020

Vietnam's textile-garment exports likely to reach $34 bn

Vietnam's textile and garment industry is predicted to earn $33.5-$34 ...

Pic: Shutterstock

Textiles | On 3rd Dec 2020

Uzbek firm to supply cotton fabrics to Ukraine

Uzbekistan's Textile-Contact Company recently signed a $12-million...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Industry could be looking at 10%-15% job losses

Textile Industry, Head honchos

Textile Industry
Head honchos

Tech in fashion industry has hit acceleration button

Krishnanand Tripathi, Textrade International Ltd

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Mario Castro,

Mario Castro

Fibraltex is an integral factory dedicated to the production of denim...

Marcel Moser,

Marcel Moser

Switzerland-based Benninger is a leading manufacturer of technologically...

Ritu Ajbani & Neha Agarwal,

Ritu Ajbani & Neha Agarwal

Petit Royal, co-founded by entrepreneurs <b>Ritu Ajbani and Neha...

Mr Ambrose Chan, DSG International (Thailand) PLC

Mr Ambrose Chan
DSG International (Thailand) PLC

Kevin Young & Tom Lucas, Web Industries

Kevin Young & Tom Lucas
Web Industries

Web Industries is a precision formatter of nonwoven materials used in baby ...

Paige Mullis, Glen Raven Inc

Paige Mullis
Glen Raven Inc

Paige Mullis discusses the expansion plans of Glen Raven Inc in India, and ...

Bani Batra,

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by Aprajita Toor were born out of a deep desire to create...

Divvya and Nidhhi Gambhir, Walnut

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

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

Leave your Comments


December 2020

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


Advanced Search