Gucci Is Now Entirely Carbon Neutral

Image Courtesy of Newcastle University

Gucci Redefines Carbon Neutral to Account for all its Operations Including Entire Supply Chain

Florence September 2019 – To build on longstanding efforts to reduce environmental impacts and drive positive change, Gucci announced today that it is offsetting all remaining Greenhouse Gas (GHG) emissions annually from its own operations and the entire supply chain through four critically important REDD+1 projects that support forest conservation around the world.

As an unprecedented commitment to sustainability leadership in luxury and fashion, Gucci’s supply chain has become carbon neutral.

Gucci has been operationally embedding its long-term sustainability strategy into the business over the last years and has taken this next ambitious step to become entirely carbon neutral in recognition that additional measures are required in the immediate given the urgent need for climate action.

As part of a comprehensive approach to account for all its GHG emissions associated with its business activities, Gucci has implemented a hierarchy of actions to avoid, reduce, restore and offset its GHG emissions.

In so doing, Gucci is establishing a new pathway to carbon neutrality highlighting the necessity for businesses to be responsible and accountable for all the emissions across their supply chains.

Transparency underpins Gucci’s approach and the company will continue to measure and monitor its full environmental impacts through its annual Environmental Profit and Loss (EP&L)2 account.

Gucci was one of the first luxury brands to adopt the EP&L, which acts as a benchmark to measure progress during the implementation of Gucci’s 10-year sustainability strategy (2015-2025).

A series of 2025 targets were created as a driver of this strategy against a 2015 EP&L baseline, including an objective to reduce GHG emissions by 50%.

Gucci’s most recent EP&L for 2018 shows that the company is on track to attain its targets, having already achieved a 16% reduction of its overall footprint across its supply chain since 2015, relative to growth.

Within this context, GHG emissions were also reduced by 16% and currently account for 35% of Gucci’s total footprint.

Significantly, the supply chain is responsible for the bulk of these emissions (around 90%) as is generally the case with all luxury fashion companies.