Kering SA, Clean200 #24
Kering has built up a family of luxury brands, including the establishments of Gucci and Saint Laurent, which are synonymous with the luxe lifestyles of the ultra rich. In recent years, Kering has worked to integrate sustainability into the family, in recognition of the positive impact sustainable operations have on its brands. Kering’s dirty secret is that the textile industry is one of the world’s most polluting industries, with 20% of industrial water pollution globally being attributable to the dyeing and treatment of textiles.
Kering has been an industry leader in assessing the full life cycle cost of products across its fashion empire and has teams are working to slash the overall environmental footprint by 40% by 2025. But we believe Kering is several years behind in sustainable packaging technology that it can use for its products.* It could also boost its transparency by going public with all the names of its supply factories, as other major fashion players have. In the meantime, it is raking in $14 billion in revenue per year while touting its progress in sustainability. Being the best of the worst doesn’t make you the best, just not as bad as your peer companies.
Article written by CleanTechnica - In partnership with As You Sow and Corporate Knights.