Kering again the Industry Leader in the 2017 Dow Jones Sustainability Index – ‘Textiles, Apparel & Luxury Goods’ sector

London, 2017-Sep-20 — /EPR Retail News/ — Kering has been recognised for the 3rd time as the Industry Leader in the 2017 Dow Jones Sustainability Index (DJSI) in the ‘Textiles, Apparel & Luxury Goods’ sector. Considered as the standard for measuring corporate sustainability, the DJSI awarded Kering the top score overall for its environmental and social performance in its sector, following a comprehensive assessment against 23 criteria across 3 categories, and compared to its sector and Luxury peers.

Kering’s efforts to embed sustainability across its entire supply chain and the progressive targets linked to the Group’s new 2025 sustainability strategy have translated into industry-leading results. Kering’s leadership was particularly highlighted in its achievement of ‘Industry Best’ scores within the Economic, Environmental and Social Dimension categories, including the areas of: Product Stewardship, Operational Eco-Efficiency, Labour Practice Indicators, Brand Management, Human Capital Development and Stakeholder Engagement.

“To be included again as the ‘Industry Leader’ in the DJSI annual ranking is an honour and a testament to our long-time commitment and continued efforts to set the highest standards of best practices in Luxury,” said Marie-Claire Daveu, Chief Sustainability Officer and Head of international institutional affairs of Kering. “I am particularly proud that this year we received the top score overall in Product Stewardship, which reflects the strides we have been making on eco-design, material recycling and regeneration, and innovation.”

The DJSI is the gold standard for corporate sustainability and tracks the leading sustainability-driven companies based on RobecoSAM’s analysis of financially material Environmental, Social, and Governance (ESG) factors and S&P DJI’s robust index methodology. The DJSI’s ESG assessment criteria achieves deeper insights into companies’ sustainability practices and, in turn, enables investors to analyse the many economic, environmental and social factors that are relevant to companies’ success.

About Kering
A global Luxury group, Kering develops an ensemble of luxury houses in fashion, leather goods, jewelry and watches: Gucci, Bottega Veneta, Saint Laurent, Alexander McQueen, Balenciaga, Brioni, Christopher Kane, McQ, Stella McCartney, Tomas Maier, Boucheron, Dodo, Girard-Perregaux, Pomellato, Qeelin and Ulysse Nardin. Kering is also developing the Sport & Lifestyle brands Puma, Volcom and Cobra. By ‘empowering imagination’, Kering encourages its brands to reach their potential, in the most sustainable manner. The Group generated revenue of €12.385 billion in 2016 and had more than 40,000 employees at year end. The Kering share is listed on Euronext Paris (FR 0000121485, KER.PA, KER.FP).

Press Contacts:
Emmanuelle Picard-Deyme
+ 33 (0)1 45 64 61 87
emmanuelle.picard-deyme@kering.com

Mich Ahern
+ 44  (0) 7984 684 454
mich.ahern@gmail.com

Twitter: @KeringGroup
LinkedIn: Kering
Instagram: @kering_official 
YouTube: KeringGroup

Source: Kering Group

12 Startups To Be Supported By Collaboration Between Plug and Play, Fashion Plug, and Kering

London, 2017-Apr-16 — /EPR Retail News/ — From the over 250 applicants and a shortlist of twenty, a final selection of twelve start-ups have been awarded a place in the ‘Plug and Play – Fashion for Good’ accelerator, a collaboration between Plug and Play, Fashion for Good and Kering which aims to fast-track sustainable innovation within the luxury and apparel industries.

The twelve start-ups selected, who come from varied fields and academic backgrounds around the world, are Agraloop, Amadou, Dragon, Dropel, ICA Bremen, MySource, MycoTex, Pili-bio, RePack, Sundar, Tersus and Tipa. Selected for their comprehensive approaches to the textile supply-chain, the start-ups’ innovations range from developing new raw materials which will reduce fashion’s environmental impacts, to alternative production methods which will increase clothes’ longevity, and the development of new processes which enable closed-loop product lifecycles.

Under the accelerator, the start-ups will follow a unique 3-month programme during which Plug and Play, Fashion for Good and Kering will support them in scaling-up their innovations by providing mentoring, training, networking opportunities, and other valuable resources.

The accelerator’s second edition will take place later in 2017, with applications already open to start-ups.

FOR DETAILS ON THE 12 START-UPS CLICK HERE.

“At Plug and Play, we have been helping the startup world for the past eleven years, and now, with the creation of the Plug and Play – Fashion for Good accelerator, we are looking for startups that have both social impact and environmental impact. With the direction of Fashion for Good and Kering, the twelve companies we have accepted will make an impact on a global scale,” says Saeed Amidi, Founder and CEO of Plug and Play.

“These 12 exciting start-ups are helping the world reimagine how fashion is designed, made, worn and reused. They were chosen because they can all play a pivotal role in achieving the Five Goods of a new, transformed fashion industry: Good Materials, Good Economy, Good Energy, Good Water and Good Lives. The Plug and Play – Fashion for Good Accelerator nurtures and funds early-stage ideas, business models and technologies likes these to scale them and embed them into the industry. We can’t wait to get it started,” said Leslie Johnston of C&A Foundation, the founding partner of Fashion for Good.

“The key to sustainable progress is innovation, and the ingenuity and endless possibilities that these twelve start-ups have brought to us is truly impressive,” said Marie-Claire Daveu, Chief Sustainability Officer and head of international institutional affairs of Kering. “We look forward to working closely with them to achieve operational practicality, and at the scale required for widespread adoption so that we can support the transformational change that is critically needed in our industry.” 

Press contacts:

Emmanuelle Picard-Deyme
+33(0)1 45 64 61 87
 emmanuelle.picard-deyme@kering.com

Emer Hallahan
+33(0)1 45 64 63 07
emer.hallahan@kering.com

 

Kering announced as the first founding anchor partner of the ‘Plug and Play – Fashion for Good’ accelerator

London, 2017-Apr-05 — /EPR Retail News/ — Kering and Plug and Play announced today that Kering is the first founding anchor partner of the ‘Plug and Play – Fashion for Good’ accelerator, a collaboration with Fashion for Good and the C&A Foundation to fast-track sustainable innovation within the luxury and apparel industries. Via the accelerator, the partners will identify innovative start-ups and support them in scaling-up their technologies, methodologies and business models. As such, Kering and the partners aim to stimulate disruptive innovation, transform conventional processes in luxury, and enable the widespread adoption of sustainable practices.

As a first step, a short list of early-stage innovators has been invited to pitch their technologies and projects to the partners, during the launch of the Fashion for Good centre today in Amsterdam. A final selection of ten start-ups, announced in early April, will then be accepted into the accelerator and partake in a unique three-month mentoring programme. Kering and Plug and Play will work with the selected start-ups to accelerate their innovations by providing training, mentorship, networking opportunities, and other valuable resources. The accelerator will take a 360° approach to supply chain innovation, by concentrating on three priority areas: raw material sourcing; fabric and garment production (dyeing, finishing, sewing); and end of use (recycling, circular economies). A particular focus will be placed on innovations that can improve the textile industry’s approach to water use, energy use, waste, chemical use, and labour practices.

“The accelerator’s launch follows our recent announcement of a three-pillar sustainability strategy, including a focus on innovation via the ‘Create’ pillar,” said Marie-Claire Daveu, Chief Sustainability Officer and head of international institutional affairs of Kering. “The future of luxury is dependent on innovation to help weave sustainability into every niche of our industry, from raw material sourcing and manufacturing processes to end of use. Collaborations like the Plug and Play – Fashion for Good accelerator will allow the textile industry to move more rapidly toward finding essential solutions to the challenges we all face.”

“In Plug and Play’s ten years of investing in start-ups, we have helped more than 7,000 innovators build their dreams. Now, we want to build our dream: a world of innovators committed to improving our global community and environment. It will be an honor and a pleasure to work with major luxury groups like Kering to help build and grow that vision.” said Saeed Amidi, Founder and CEO of Plug and Play.

“Fashion for Good inspires the daring invention and widespread adoption of good fashion practice.  Key to its success will be its open, inclusive approach and its enabling role to allow innovation to scale. As such, we are thrilled to welcome Kering as the first anchor partner in the ‘Plug and Play – Fashion for Good’ accelerator. Through collaboration with Kering, and other partners, we are working to give promising start-up innovators the funding and expertise they need to grow so we can shift fashion from being less bad to more good”, said Leslie Johnston, Executive Director of C&A Foundation (founder of Fashion for Good).

About Kering
A global Luxury group, Kering develops an ensemble of luxury houses in fashion, leather goods, jewellery and watches: Gucci, Bottega Veneta, Saint Laurent, Alexander McQueen, Balenciaga, Brioni, Christopher Kane, McQ, Stella McCartney, Tomas Maier, Boucheron, Dodo, Girard-Perregaux, Pomellato, Qeelin and Ulysse Nardin. Kering is also developing the Sport & Lifestyle brands Puma, Volcom and Cobra. By ‘empowering imagination’, Kering encourages its brands to reach their potential, in the most sustainable manner.
The Group generated revenue of €12.385 billion in 2016 and had more than 40,000 employees at year end. The Kering share is listed on Euronext Paris (FR 0000121485, KER.PA, KER.FP).

About Plug and Play
Plug and Play is a global innovation platform. We connect startups to corporations and invest in over 150 companies every year. Since inception in 2006, our programs have expanded worldwide to include a presence in 22 locations globally giving startups the necessary resources to succeed in Silicon Valley and beyond. With over 6,000 startups and 180 official corporate partners, we have created the ultimate startup ecosystem in many industries. We provide active investments with 200 leading Silicon Valley VCs, and host more than 365 networking events per year. Companies in our community have raised over $5 billion in funding, with successful portfolio exits including Danger, Dropbox, Lending Club, PayPal, SoundHound, and Zoosk.

About Plug and Play – Fashion for Good accelerator
As a joint venture between the world’s largest accelerator Plug and Play and the joint-industry initiative Fashion for Good, the Plug and Play – Fashion for Good accelerator is a global partnership that unites stakeholders from across the textile industry including the C&A Foundation, the Sustainable Apparel Coalition and Kering. Based in Amsterdam, the startup accelerator’s core objective is to find, invest in, and accelerate startups that fast-track the transition to a sustainable apparel industry.

Press contacts:
Kering
Emmanuelle Picard-Deyme
+33(0)1 45 64 61 87
emmanuelle.picard-deyme@kering.com

Emer Hallahan
+33(0)1 45 64 63 07
emer.hallahan@kering.com

Plug & Play
Allison Romero
+1 (408) 524 14 57
allison@plugandplaytechcenter.com

Source: Kering

Kering announces next phase of its sustainability strategy across its luxury brands

  • Kering defines a new, sustainable luxury that operates within the “planetary boundaries”
  • Kering sets ambitious 2025 Targets and key milestones to meet over this period
  • Kering’s strategy aligned with UN Sustainable Development Goals and includes science-based Targets

London, 2017-Jan-26 — /EPR Retail News/ — Kering announced the next phase of its sustainability strategy across its luxury brands today (25 January 2017). With a 360° approach within its own operations and across the entire supply chain over 10 years, Kering is dedicated to continue to reduce its environmental impacts, advocate social welfare inside and outside the Group, and create innovative, game-changing platforms. In doing so, Kering will support the drive towards a low-carbon economy and help shape the future of luxury as sustainable and to operate within the “planetary boundaries” [1].

Kering has already made significant sustainability improvements across its business since committing to become a sustainable Group and is outperforming the luxury sector in reducing its footprint. Furthermore, Kering’s environmental impacts are less than 45% of the global average business based on comparative turnover [2]. Following on from its progressive 2016 Sustainability Targets, Kering has stepped up its sustainability ambitions. Kering has built on the Group’s successes and leveraged the lessons learned along the way in order to evolve these original Targets. As such, the next phase of its sustainability strategy further aligns with its business priorities now and in the future. During a year-long exploratory process, the elaboration of the strategy was a joint effort between Kering, the CEOs of its luxury brands, the brands’ creative directors and their teams, to ensure input of operational relevance and to further integrate sustainability into all brand functions and categories.

“More than ever, I am convinced that sustainability can redefine business value and drive future growth. As business leaders, we all have a crucial role to play and I worked with the CEOs of our luxury Maisons to embed sustainability across our activities while developing this next important phase of our sustainability strategy,” said François-Henri Pinault, chairman and CEO of Kering, “Our strategy outlines how we will redesign our business to continue to thrive and prosper sustainably into the future, while at the same time helping to transform the luxury sector and contributing to meet the significant social and environmental challenges of our generation.”

Underpinning Kering’s vision is the recognition that a company can only become truly sustainable if it goes far beyond the conventional limits of its own direct operations to address the environmental and social impacts across the supply chain. Consequently, the scope of the strategy incorporates the entire supply chain and with a view to embedding sustainability at the very beginning of the design process. Guided by the UN Sustainable Development Goals (SDGs), Kering has also included quantifiable 2025 Targets in the strategy, under the three themes of CARE, COLLABORATE and CREATE.

Further, key milestones will be aimed at during this period in order to ensure that effective progress is being made. Highlights include:

CARE for the planet:

• Use resources within the “planetary boundaries” with a science-based approach in order to reduce carbon emissions from Kering’s business activities by 50% in Scope 1, 2 and 3 [3] of the GHG protocol by 2025.
• Further address all supply chain environmental impacts with a goal to reduce Kering’s Environmental Profit and Loss (EP&L) [4] account by at least 40%, including the remaining carbon emissions [5] and going beyond to also include water use, water and air pollution, waste production and land use changes.
• Create a “Supplier Index of Sustainability” and ensure Kering’s high standards for raw materials and processes are implemented by suppliers at 100% by 2025, which also raises the bar on traceability, animal welfare, chemical use and social welfare.
• Promote sustainable design and minimize the environmental impact of a product at every stage, from sourcing and manufacturing to transportation and consumer use, and create an open-sourced tool to assess products based on Kering’s standards.
• Establish a Materials Innovation Lab (MIL) focused on watches and jewellery, following the success of Kering’s MIL for fabrics and textiles in offering access to sustainable alternatives.
• Expand offsetting commitment to include a new ‘insetting’ approach in order to ensure that actions across the supply chain deliver climate benefits as well as social value.

COLLABORATE with people:

• Support the continuation of craftsmanship traditions and the communities that support them.
• Extend focus across the supply chain and improve community livelihoods where raw materials are sourced.
• Develop an industry-leading performance metric system that will measure achievement of the UN Sustainable Development Goals.
• Leverage current partnerships with leading universities and continue to develop collaborations to identify sustainability solutions.
• Amplify forward-thinking employment practices, including the global parental policy launched on 1 January, a well-being at work policy by 2018, and an employee benefits policy by 2020.
• Achieve gender parity at all levels.
• Aim to be the preferred employer in the luxury sector.

CREATE new business models:

• Invest in disruptive innovations that can transform conventional processes in luxury, and influence the industry.
• Develop new and sustainable solutions for sourcing raw materials, including exploring biotech and promoting a circular economy through turning recycled textiles into new clothing.
• Scale up an internal purchasing platform to have access to high quality, sustainable raw materials.
• Stimulate and enable innovation to translate vision into action through internal governance.
• Establish a Young Leaders Advisory Group for inspired ideas.

“Rethinking luxury is a necessity to adapt to our changing world while responding to the concerns of new generations of luxury clients. We have already made significant improvements over the last years and we will continue to strive for the highest environmental and social standards,” said Marie-Claire Daveu, Chief Sustainability Officer and Head of international institutional affairs of Kering, “It is through catalysing innovation that we will be able to go beyond incremental improvements and implement the transformational changes that are necessary to be truly sustainable in our business and as an industry.  We will continue to open-source our solutions and approaches to support the scaling up of sustainability in the luxury sector, while sharing every 3 years the progress we have made.”

About Kering
A global Luxury group, Kering develops an ensemble of luxury houses in fashion, leather goods, jewellery and watches: Gucci, Bottega Veneta, Saint Laurent, Alexander McQueen, Balenciaga, Brioni, Christopher Kane, McQ, Stella McCartney, Tomas Maier, Boucheron, Dodo, Girard-Perregaux, Pomellato, Qeelin and Ulysse Nardin. Kering is also developing the Sport & Lifestyle brands Puma, Volcom and Cobra. By ‘empowering imagination’, Kering encourages its brands to reach their potential, in the most sustainable manner.

The Group generated revenues of more than €11.5 billion in 2015 and had more than 38,000 employees at year end. The Kering share is listed on Euronext Paris (FR 0000121485, KER.PA, KER.FP).

[1] Planetary Boundaries is the central concept in an Earth system framework proposed by a group of scientists led by the Stockholm Resilience Centre in 2009. The group proposed a framework of 9 “planetary boundaries” designed to define a “safe operating space for humanity” for the international community, including governments at all levels, international organizations, civil society, the scientific community and the private sector, as a precondition for sustainable development

[2] Refer to May 2015 press release on 2013 Group EP&L results: http://www.kering.com/en/press-releases/kering_open-sources_environmenta…

[3] Emissions from upstream transportation and distribution, business air travel and fuel and energy related emissions in Scope 3

[4] An EP&L analyses the total environmental impacts in a company’s own operations, and across its entire supply chain and then estimates the monetary cost to society of the changes in the environment resulting from these activities

[5] All Scope 3 emissions from purchased goods and services all the way back to raw materials at Tier 4

Press contacts:
Emmanuelle Picard-Deyme
emmanuelle.picard-deyme@kering.com
+33 1 45 64 61 87

Emilie Gargatte
emilie.gargatte@kering.com
+33 1 45 64 61 20

Website
www.kering.com

Social media:
Twitter: @KeringGroup
LinkedIn: Kering
Instagram: @kering_official
YouTube: KeringGroup 

Source: Kering

Kering and Parsons School of Design launch new design course to measure environmental impact of students’ creations

London, 2016-Oct-31 — /EPR Retail News/ — Kering and The New School’s Parsons School of Design announced a new collaboration under their long-standing partnership today (27 October 2016), with the launch of a new design curriculum which will leverage the pioneering KERING x PARSONS: EP&L programme pilot and the My EP&L App to measure and better understand the environmental impacts of students’ creations.

As part of their collaboration, Kering is introducing new modules to Parsons Fashion programme and embedding practical lessons in sustainability into the Parsons curriculum. Parsons will offer the Kering modules to students in three senior Systems & Society Thesis sections and two Materiality Thesis sections. Students will have the opportunity to study Kering’s Environmental Profit and Loss (EP&L) methodology, which measures and monetizes the environmental impacts from business’ activities across the entire supply chain. Students will also learn how to integrate sustainability from the very start of the design process by evaluating and comparing various materials’ and understanding how their choices influence the extent of the environmental impacts from sourcing to manufacturing via the My EP&LApp, introduced by Kering. Students’ thesis projects will subsequently be evaluated and scored on both design and sustainability criteria, with the ten top students given unparalleled exposure for their designs in an exclusive Design Exhibition, following the course and hosted by Kering and Parsons.

Piloted as part of the Parsons curriculum, My EP&L App is based on Kering’s EP&L methodology and is an easy way for design students and the fashion industry to visualize the environmental impact of a typical product from raw material extraction through to sales.  Highlighting 4 different items in our wardrobe to select – jackets, shoes, handbags and rings – My EP&L App users can choose the raw materials used (such as cashmere, wool, organic cotton, leather), where these are sourced from and then manufactured. In each category the environmental impacts from carbon emissions, water use, water and air pollution, waste production and land use changes are then analysed from an underlying 5000+ indicators to calculate a product’s final impact.  Furthermore, My EP&L can be used as a comparative tool by allowing users to understand and determine better options in order to ascertain lower impact decisions and ultimately create more sustainable designs.  As an illustration, My EP&L shows that by choosing between a bag made from French leather with the inner lining in Chinese silk and hardware in brass from Chile versus a bag made out of US leather with the inner lining in Chinese linen and hardware in Chinese bamboo there is 4.40€ less EP&L impact from the first product decisions, or 26% environmental savings.

“My EP&L illustrates the power of an Environmental Profit and Loss (EP&L) analysis and will assist fashion designers to easily calculate better options in real time in order to embed sustainability into their products at the very beginning of the design phase,” said Marie-Claire Daveu, Chief Sustainability Officer and Head of International institutional affairs at Kering. “As part of our ongoing commitment to advocate the importance of sustainability with the next generation entering our industry, we are excited to expand our Parsons collaboration with a view to sharing My EP&L with further educational institutions following the pilot.”

“We are excited to collaborate with Kering on this important initiative for our students,” said Burak Cakmak, Dean of Fashion at Parsons School of Design. “Sustainability education is vital for our students, and with Kering’s help, Parsons will be educating the next generation of fashion industry leaders who can create powerful change.”

About Kering
A global Luxury group, Kering develops an ensemble of luxury houses in fashion, leather goods, jewellery and watches: Gucci, Bottega Veneta, Saint Laurent, Alexander McQueen, Balenciaga, Brioni, Christopher Kane, McQ, Stella McCartney, Tomas Maier, Boucheron, Dodo, Girard-Perregaux, Pomellato, Qeelin and Ulysse Nardin. Kering is also developing the Sport & Lifestyle brands Puma, Volcom and Cobra. By ‘empowering imagination’, Kering encourages its brands to reach their potential, in the most sustainable manner.

The Group generated revenues of more than €11.5 billion in 2015 and had more than 38,000 employees at year end. The Kering share is listed on Euronext Paris (FR 0000121485, KER.PA, KER.FP).

About Parsons School of Design
Parsons is a global leader in design education, with programs that span the disciplines of design and the fine arts. With the launch of its fashion design program in 1906, Parsons is credited with the rise of Seventh Avenue, the epicenter of American fashion. Parsons offers a Bachelor of Fine Arts degree in Fashion Design, Associate degrees in Fashion Design and Fashion Marketing, and a Master of Fine Arts Program in Fashion Design and Society initiated through the support of Parsons alumna Donna Karan. Parsons has educated generations of leading American fashion designers, including Tom Ford, Marc Jacobs, Donna Karan, Isaac Mizrahi, Tracy Reese, Narciso Rodriguez, Anna Sui, Prabal Gurung, Derek Lam, Proenza Schouler, Vena Cava, Alexander Wang, and Jason Wu. For more information, visit www.newschool.edu/parsons.

Press contacts:
Kering
France
Emmanuelle Picard-Deyme
emmanuelle.picard-deyme@kering.com
+ 33 (0)1 45 64 61 87

International
Mich Ahern
mich.ahern@gmail.com
+ 44 (0) 7984 684 454

Parsons
Will Wilbur
wilburw@newschool.edu
212 229 5667 ext. 3990

Website: www.kering.com
Social Media
Twitter: @KeringGroup
LinkedIn: Kering
Instagram: @kering_official
YouTube: KeringGroup

YouTube: youtube.com/TheNewSchool
Twitter: @TheNewSchool
LinkedIn The New School Parsons
Instagram: @TheNewSchool, @ParsonsSchoolofDesign
Facebook: facebook.com/thenewschool/ facebook.com/parsonsthenewschool/

Source: Kering