Pushing Textiles Forward through technology-
Environmental Profit and Loss
Kering Group home of luxury brands such as Gucci, Stella McCarthy and sportswear brand Volcom developed its Environmental Profit and Loss in 2015 as a way to improve the environment and use limited resources more wisely. Kering Group started in the 1960s had gross revenues of 12.4 billion Euros in 2016 and employed more than 40,0000 people. Based in France Kering Group is a global company.
The EP&L developed by Kering Group according to their website Kering.com is a "management tool that measures and monetizes the environmental impacts of activities..." Activities include: sourcing, production and supplier performance.
The EP&L follows these steps:
One result of the EP&L for Kering Group was their brand Bottega Veneta was able to purchase 54000 square meters of chrome-free leather which significantly reduced water and energy use.