Kering, Strategic Partner of Global Fashion Agenda, has openly published Kering Standards, a suite of industry-leading environmental and social standards for manufacturing processes and raw materials that apply to Kering, its houses and supply chains.
It’s been one year since the launch of its “Crafting Tomorrow’s Luxury” 2025 strategy. Already implemented internally and now publicly available, Kering Standards, an extension of the Group’s progressive guidelines set in 2012, are intended to operationalise its strategy and enable its Group and suppliers to achieve the targets laid out in the 2025 roadmap. In addition, the Standards reinforce the Group’s existing monitoring and measurement of progress on traceability, social compliance, environmental protection, animal welfare and chemical use.
“We are redesigning 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,” says François-Henri Pinault, CEO of Kering.
Kering Standards are the fruit of several years of research carried out internally and in collaboration with external experts and NGOs. They are founded on internationally recognised principles and research. Where no regulations currently exist, Kering has defined sustainability standards of its own that set the bar high and are applicable across the luxury sector.
The Standards are specific and requirement based, with “Minimum Requirements” representing what is immediately necessary and “Additional Conditions” denoting the actions to be implemented by 2025. As of 2018 onwards, in order to make the transition together, Kering will assess all new suppliers for adherence and also work with current suppliers who find it challenging to meet the Standard’s sustainability requirements,.
Continuing in this vein, Kering will launch a Vendor Rating system to continually evaluate supplier performance. Next, a new Suppliers Platform will be developed to offer technical support and training on the Kering Standards, which will also allow the sharing of best practices.