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Puma Parent PPR To Expand Groundbreaking Environmental Accounting to All Brands

French apparel company PPR announced it will expand the trailblazing environmental accounting process it performed for its Puma brand across its entire group of brands, which includes Gucci, Stella McCartney and Yves Saint Laurent. Puma’s Environmental Profit & Loss Account (E P&L), completed last year, was a first-of-its-kind attempt to monetize the value of ecosystem services used across a company’s entire supply chain. Puma found that cost to be EUR 145 million for the year 2010. PPR’s now has a multi-tiered action plan, including specific five-year targets, to implement a group-wide E P&L. PPR says the group E P&L will help in identifying new opportunities across the supply chain to enhance the sustainability of PPR’s products and to ultimately implement efficient and innovative initiatives to reduce the environmental impacts from the sourcing of raw materials, processing, manufacturing, and distribution of the group’s products. PPR did not give a specific date for completing the the group E P&L, but said in the interim, defined targets for 2016 will drive the group to reduce and manage the impacts associated with the production of the products of all PPR’s Luxury and Sport & Lifestyle brands. Key areas of focus are the reduction of CO2, waste and water; sourcing of raw materials; hazardous chemicals and materials; paper and packaging; and supply chain. More…

News selected by Covalence | Country: Global | Company: PPR | Source: Sustainable Brands via Daily CSR Media Briefing

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