Kering

"The company Kering has committed to achieving net zero CO2 emissions by 2050. Net Zero Tracker
This target is included in a corporate policy or planning document and covers scope 1, 2, and 3 emissions. Net Zero Tracker
Kering also has an interim target to reduce scope 1 and 2 greenhouse gas emissions by 90% by 2030. Net Zero Tracker
An interesting fact about Kering's environmental policy is that it uses nature-based carbon removal methods, mainly REDD+, focusing on protection, restoration, and regeneration, guided by the Nature Climate Solutions Alliance. Net Zero Tracker
In addition, you can check out the …"

Current Score (vs. LY)

70.0 pts (-)

Last Update: Dec. 12, 2023

Current Rankings

Global: #13

CAC40: #4

Consumer Discretionary: #2

100.0%

Transparency

Quality of climate reporting based on public disclosures, completeness and verification of GHG emissions

62.5%

Commitments

Level of ambition through gross absolute emissions reduction and 'net zero' targets

50.0%

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

Y2022Y2021Y2020
Scope 1 21,66019,28114,256
Scope 2 - location-based 98,36089,24279,750
Scope 2 - market-based 7,59811,22711,271
Scope 1-2 - location-based 120,020108,52394,006
Scope 1-2 - market-based 29,258 30,508 25,527
Scope 3 2,398,4662,351,4821,927,265
Total - location-based 2,518,4862,460,0052,021,271
Total - market-based 2,427,724 2,353,142 1,952,792

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 2,427,7242,353,142
Methodology As reportedAs reported

Carbon emissions are estimated according to comparable years, intensity and sector benchmarks

Performance vs. Target

Note: Targets without baseline are ignored. In case several targets exist, only the shorter-term target is displayed.


Value Chain (scope 3) Emissions by Category

Emissions Trajectory (Full Scopes)



Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Sector Benchmark

Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1 million USD revenue). Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and Materials.

Kering belongs to the sector Consumer Discretionary.

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Reduction and Net Zero Targets

>Note: intensity targets are not represented in the current version - see Methodology

Gross Absolute Emission Reductions

Scope Reduction Objectives Base Year Target Year Comments
S1S2MKT 90.0 2015 2030

Net Absolute Emission Reductions

There is no absolute emission reduction recorded in our database. Email us to report missing information Email


Net Zero Future Commitments

Scope Scope 3 Coverage Target Year Comments
S1S2S3MKT FULL 2050

Science-based Targets (SBTI)

Date Published / Updated :01/12/2016

Near-term Long-Term Net Zero Standard
Targets Set : 1.5°C by 2033 Targets Set : 1.5°C by 2050 Yes by 2050
Kering is a member of the Business Ambition for 1.5 campaign (link here )

Overall net-zero target:
Kering commits to reach net-zero greenhouse gas emissions across the value chain by 2050.
Near-term targets:
Energy & Industry: Kering commits to reduce absolute scope 1 and 2 GHG emissions 54.6% by 2033 from a 2022 base year.* Kering also commits to reduce absolute scope 3 GHG emissions 54.6% within the same timeframe.*
*The target boundary includes land-related emissions and removals from bioenergy feedstocks.
FLAG: Kering commits to reduce absolute scope 3 FLAG GHG emissions 39.4% by 2033 from a 2022 base year. Kering also commits to maintaining no deforestation across its primary deforestation-linked commodities.
Long-term targets:
Energy & Industry: Kering commits to reduce absolute scope 1, 2 and 3 GHG emissions 90% by 2050 from a 2022 base year.*
*The target boundary includes land-related emissions and removals from bioenergy feedstocks.
FLAG: Kering commits to reduce absolute scope 3 FLAG GHG emissions 72% by 2050 from a 2022 base year.

Data source: SBTI

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Offsets

Last update for Kering by zerotracker.net: Sept. 4, 2024
Planning to use external offset credits Yes
Separate targets for emission reductions and removals None
Conditions on use of offset credits
  • No conditions specified
Plans for carbon dioxide removal (CDR) Yes (nature-based removals e.g. Forestation, soil carbon enhancement)

Additional notes: Our strategy is to increasingly promote the protection and scaling of NCS through the way our agricultural and tree-based raw materials are produced. This is based on our commitment to not only reduce emissions, but also to remove carbon by restoring and protecting carbon sinks, while at the same time enhancing biodiversity and the resilience of people’s livelihoods. Offsetting is done through nature-based removals. Mainly REDD+, with stated focus on protection, restoration, and regeneration. Guided by Nature Climate Solutions Alliance (NCS)

Data source from zerotracker.net - For more information, see methodology

Score Summary

Ref Principle Score
(points) 		Max
(points) 		Delta
(points)
1 At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified 10.0 10.0 -
2 Scope 3 emissions are fully reported and externally-verified 10.0 10.0 -
3 CDP score demonstrates the level of transparent disclosures 10.0 10.0 -
Transparency 30.0 30.0 -
4 Net Zero Commitments by 2050 include an intermediate target and cover all the emissions 10.0 10.0 -
5 Net Zero targets demonstrate a high-level of emergency 0.0 10.0 -
6 Emission reduction targets on a forward-looking basis are ambitious 5.0 10.0 -
7 Targets are science-based as validated by SBTi 10.0 10.0 -
Commitments 25.0 40.0 -
8 Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 5.0 10.0 -
9 Results re. value chain emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 -
10 Implied Temperature Rating by MSCi 10.0 10.0 -
Results 15.0 30.0 -
Total 70.0 100.0 -


Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email


Score Details

Criteria Results 2023 Score 2022 Score Vs. 2022 2021 Score
Criteria 1 : Transparency on operational emissions (Scope 1 + 2)
Are S1+S2 figures publicly-disclosed for the last reporting year and the preceding period? yes 5.0 / 5.0 -
Are S1+S2 figures verified by a 3rd-party for the last reporting year? yes 5.0/ 5.0 -
Criteria 2 : Transparency on value chain emissions (Scope 3)
Are the 15 categories fully or partly disclosed? full 5.0 / 5.0 -
Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? full 5.0 / 5.0 -
Criteria 3 : Quality and Frequency of reporting
What is the latest CDP score (no later than the preceding year)? A 10.0 / 10.0 -
How many interim reporting were provided between 2 reporting periods (GHG emissions only)?
Criteria 4 : Net Zero Commitments
Does the net 0 target include a statement of a generally-accepted net zero emission target by 2050? yes 3.0 / 3.0 -
Does the net zero target include an intermediate target by 2030? 2021 3.0 / 3.0 -
Does the net zero target include all the emissions? yes 4.0 / 4.0 -
Criteria 5 : Target year for Net Zero Commitments
Target year for achieving net zero emissions for S1+S2? 2050 0.0 / 5.0 -
Target year for achieving net zero emissions for S1+S2+S3 combined? 2050 0.0 / 5.0 -
Criteria 6 : Reduction objectives
What is the forward-looking GHG% reduction (without compensation) for scope 1+2? 8.2
5.0 / 5.0 -
What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3?
No target found
 0.0 / 5.0 -
Criteria 7 : Science-Based Targets
What type of science-based target (as validated by SBTi) did the company commit to? Targets Set 1.5°C 10.0 / 10.0 -
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target Objective (in %): 42.0
Actual (in %): 70.9
5.0 / 5.0 -
Momentum: last year % reduction vs. forward-looking target Objective (in %): 8.2
Actual (in %): 4.1
0.0 / 5.0 -
Criteria 9 : Results based on scope 1 - 2 - 3
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 -
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 -
Criteria 10 : Implied Temperature Rise (ITR)
Is the company aligned with global climate targets? ITR: 1.3°C 10.0 / 10.0 -
Total 70.0 / 100.0 -


Available Data Sources

Reporting Year 2022 2021 2021 2021 2021 2020 2020 2020 2019 2019
Source Public NZPDU Public Yourstake Wikirate (NV) Public NZPDU Wikirate (NV) NZPDU Wikirate
Publication Year 2023 2022 2023 2022 2022 2023 2021 2021 2020 unknown
Scope 1 21,660 19,281 19,281 19,281 2,381,991 14,256 14,257 NA 16,582 14,287
Scope 2 - location-based 98,360 89,242 89,641 89,242 NA 79,750 106,226 8,326 113,831 16,417
Scope 2 - market-based 7,598 11,227 11,227 11,227 NA 11,271 11,271 NA 19,005 NA
Scope 1-2 - location-based 120,020 108,523 108,922 108,523 2,381,991 94,006 120,483 8,326 130,413 30,704
Scope 1-2 - market-based 29,258 30,508 30,508 30,508 NA 25,527 25,528 NA 35,587 NA
Scope 3 2,398,466 2,351,482 2,351,483 2,351,482 0 1,927,265 1,927,242 134,558 2,464,480 194,832
Total - location-based 2,518,486 2,460,005 2,460,405 2,460,005 2,381,991 2,021,271 2,047,725 142,884 2,594,893 225,536
Total - market-based 2,427,724 2,353,142 2,381,991 2,381,990 NA 1,952,792 1,943,094 NA 2,488,918 NA

Sources

Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

© Vincent Manier - September 2021 About us . Keep in touch . Blog