Kering
Kering is a prominent French luxury goods company that holds ownership of several prestigious fashion and lifestyle brands. Established in 1963 by François Pinault, it initially operated as a timber and building materials company. However, in the 1990s, Kering embarked on a strategic diversification into the retail and luxury goods sector, ultimately rebranding itself as Kering in 2013.
Kering boasts an impressive portfolio of renowned luxury brands that are globally recognized for their exceptional craftsmanship and distinct style. Among the illustrious brands under the Kering umbrella are Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, and Ulysse Nardin. These brands offer an extensive range of luxurious products, including exquisite clothing, leather goods, jewelry, watches, and eyewear, among others.
One of the key principles driving Kering's operations is its unwavering commitment to sustainability. The company has taken proactive steps to mitigate its environmental impact and has launched several initiatives in pursuit of a more sustainable future. In 2012, Kering introduced the concept of an Environmental Profit and Loss (EP&L) account, which measures and evaluates the environmental impact of its activities throughout the entire value chain. This comprehensive assessment allows Kering to identify areas where improvements can be made and informs their sustainability strategies.
In 2017, Kering unveiled its ambitious sustainability strategy, titled "Crafting Tomorrow's Luxury," which outlines clear goals and targets for the company's sustainable development. This strategy encompasses various areas of focus, including reducing greenhouse gas emissions, adopting more sustainable sourcing and production practices, promoting biodiversity, and championing circular economy principles. By integrating sustainability into their core business operations, Kering aims to lead the luxury industry towards more responsible and environmentally conscious practices.
Kering's commitment to sustainability extends beyond its own operations and permeates through its luxury brands. The company actively encourages its brand portfolio to embrace sustainable practices, promoting innovation and responsible approaches to design, production, and consumption. Kering recognizes the importance of engaging consumers in this endeavor and seeks to raise awareness and inspire positive change through its brands' influence and reach.
As a pioneer in the luxury goods industry, Kering has demonstrated that profitability and sustainability can coexist. By prioritizing ethical practices, environmental stewardship, and social responsibility, Kering sets an example for other companies to follow, proving that the pursuit of luxury can be aligned with a commitment to a more sustainable and equitable future.
In conclusion, Kering stands as a French luxury goods company with an esteemed collection of iconic brands. With a focus on sustainability, Kering is dedicated to minimizing its environmental impact, leading the way towards a more responsible and conscious luxury industry. Through its commitment to craftsmanship, innovation, and sustainability, Kering continues to shape the landscape of the global luxury market.