Gucci and Puma group releases sustainability plan
Sunday, May 6th, 2012 By Emily Norton
Pinault-Printemps-Redoute, the group behind leading luxury and sports brands, such as Gucci, Yves Saint Laurent, Alexander McQueen and Puma, has introduced five-year environmental and social targets across its brands as part of the next phase of its sustainability program.
PPR’s sustainability department, PPR HOME, has announced a set of core targets alongside an additional 5% stake in Wildlife Works Carbon. The carbon credits were acquired as part of PPR’s plan to leverage the benefits gained from the groups unprecedented Environmental Profit & Loss Account (EP&L), while reducing and managing PPR’s social and environmental footprint.
Francois-Henri Pinault, Chairman and CEO of PPR noted the business’ pivotal views on achieving the multi-tiered action plan: “Our pursuit of operating on a more sustainable level across all areas of our business is integral to our business plan and the longevity of our business. The next five years are pivotal and we now have a clear view of what we want to achieve, and the actionable targets we need to take to get there”.
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