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French luxury firm Kering earns top CDP triple A Score

08 Feb '24

2 min read

Pic: Adobe Stock

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Kering earns triple 'A' rating from CDP for Climate Change, Water Security, and Forests, among only 10 companies out of 21,000 scored.
Marie-Claire Daveu, Kering's Chief Sustainability Officer, underscores transparency as crucial for environmental action, reflecting the company's longstanding commitment to sustainability across its operations.

Based on data reported through CDP’s 2023 Climate Change, Forests and Water Security questionnaires, Kering is one of only 10 companies that achieved a triple ‘A’ - out of over 21,000 companies scored. The Group is the only Luxury Fashion Group to have earned the prestigious 'AAA' rating across the whole industry, rewarding its leadership in Climate Change, Water Security and Forests.

The Carbon Disclosure Project holds the largest environmental database in the world and its scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable and resilient economy. In 2023, over 740 financial institutions with over US$136 trillion in assets requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform. A record-breaking 23,000 companies responded. Out of the 21,000 companies that were actually scored, only 2% earned an A score.

"I am extremely proud of this newest accolade", shares Marie-Claire Daveu, Chief Sustainability and Institutional Affairs Officer at Kering. "This shows one fo the many outcomes of the hard work my team at Kering and at our Houses have been doing to follow through on our ambitions and embed sustainability across our value chain. Transparency is absolutely fundamental for effective environmental action and it’s been a priority for us for many years."