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

Pic: Shutterstock

Apparel/Garments | On 28th Feb 2020

Cambodian PM urges PRC to export raw materials by air, sea

Prime Minister Hun Sen recently urged Chinese ambassador to Cambodia...

Pic: Shutterstock

Textiles | On 28th Feb 2020

Pak govt urged to help clear consignments from China

The Sindh Industrial Trading Estate (SITE) Association of Industry...

Pic: Shutterstock

Textiles | On 28th Feb 2020

Coronavirus an opportunity for Indian textile industry?

While scientists across the world are busy developing vaccine and...

Interviews View All

Headhonchos, Textiles & allied industry

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Textile industry, Head honchos

Textile industry
Head honchos

RCEP was always going to be a double-edged sword

Marazban F Velati, Sutlej Textiles & Industries limited

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Vasudevan LK,

Vasudevan LK

Epson is a world leader in digital imaging and printing solutions....

Paolo Crespi,

Paolo Crespi

Japan's Epson, a leader in digital textile printing, Italy's For.Tex, a...

Zennure Danisman,

Zennure Danisman

Since its inception in 1953, Orta Anadolu has been weaving a denim...

Robert Brookins, Alexium International

Robert Brookins
Alexium International

Alexium International is a specialty chemical development company...

Prof Seokheun (Sean) Choi, Binghamton University, State University of New York (SUNY)

Prof Seokheun (Sean) Choi
Binghamton University, State University of New York (SUNY)

A team of researchers from the State University of New York (SUNY),...

Iago Castro Asensio, RCfil Distribuciones S.L.

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Pranav Mishra, Huemn

Pranav Mishra
Huemn

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

Amiben Shroff, Shrujan

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Yash P. Kotak, Bombay Hemp Company

Yash P. Kotak
Bombay Hemp Company

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

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


February 2020

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


Advanced Search