Home / Knowledge / News / Fashion / Kering bags Global Leadership Award in Sustainable Apparel
Kering bags Global Leadership Award in Sustainable Apparel
25
Apr '14
Kering was awarded the Global Leadership Award in Sustainable Apparel (GLASA) for the development of the Environmental Profit and Loss account (E P&L) and its decision to implement this in its Luxury and Sport & Lifestyle brands. 
 
Kering’s E P&L is a pioneering natural capital accounting and reporting system that places a monetary value on the environmental impacts that result from a business’s activities not only within its own operations but along the entire supply chain.
 
The motivation
When Kering and its brand PUMA developed and published the first-ever Environmental Profit and Loss account in 2011 for PUMA’s 2010 results, the companies placed natural capital valuation on the agenda for the apparel industry and put forth a bold and inspiring vision for the sector. 
 
Kering has since refined and improved the E P&L methodology and is currently implementing E P&L’s in its 22 Luxury and sport & lifestyle brands, which means that the E P&L has evolved into a concrete management framework and financial tool that will be a benchmark for the entire industry. The jury awarded the 2014 GLASA to Kering in recognition of the group’s continuing bold and visionary leadership, and most importantly, for its long-term commitment to following through on what it has started.
 
“We are honoured to receive the GLASA Award for our E P&L and the work we are doing to promote Natural Capital accounting for businesses,” said Marie-Claire Daveu, Chief Sustainability Officer and Head of international institutional affairs, Kering. 
 
“We developed the E P&L so that we could have a deep understanding of our own impacts and dependencies on natural capital, but we also consider it essential for businesses more broadly to be accountable for their use of natural capital. This knowledge serves not only to minimize risks and impacts, but even more importantly to seize opportunities to create positive outcomes for business, environment and society.”
 
 The GLASA is a sustainability and leadership award. Launched in 2013, it aims to inspire bold and courageous leadership in the apparel sector and to mobilize key stakeholders around promising ideas or practices that can substantially improve sustainability performance in the apparel industry. The theme for the 2014 award is Natural Capital Accounting.
 
GLASA is an initiative from The Sustainable Fashion Academy (SFA) and it is supported by organizations like The Antonia Ax:son Johnson Foundation for Sustainable Development, Association of Swedish Fashion Brands (ASFB), and the Prince of Wales International Sustainability Unit.
 

Kering


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

There's lot more potential in women than what we are witnessing today

Top executives, Textile industry

Top executives
Textile industry

It will take some time for the people to change their buying choices

Amrit Sethia, SOIE

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Hardik Sanghvi,

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Ken Butts,

Ken Butts

The mission of Swiss company Datacolor is to empower its customers to make ...

Abhishek Pachauri,

Abhishek Pachauri

Reckon Industries is into manufacturing of textile process house machines, ...

Suresh Patel, Sidwin Fabric

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Silverio Baranzano, Fitesa

Silverio Baranzano
Fitesa

Fitesa is a leader in the nonwoven fabrics industry, specialising in...

S Ziya Gumuser, Teknomelt

S Ziya Gumuser
Teknomelt

Turkish nonwoven manufacturer Teknomelt has been around for only seven...

Sonam & Paras Modi, SVA

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Sarah Denise Cordery, Sarah Denise Studio

Sarah Denise Cordery
Sarah Denise Studio

Manchester, England-based Sarah Denise Studio provides relevant fashion...

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