PARIS — Deepening the luxury sector’s focus on ecological matters, Kering Group has forged a partnership with the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services — a first for the government group with the private sector that is meant to pave the way for similar agreements in the future.
The partnership entails a financial contribution from Kering to IPBES, which counts 132 government members, to support work in areas like policy support, outreach and expert assessments, according to a statement from IPBES, which described the agreement as the first of many planned business partnerships.
“There are no viable, long-term solutions to halt or reverse the degradation of biodiversity and nature’s contributions to people that don’t also include the collaboration and active engagement of business,” said Anne Larigauderie, executive secretary of IPBES.
“This partnership is part of a broader approach to support science and research in order to have a science-based framework to inform our decisions,” said Marie-Claire Daveu, Kering’s chief sustainability officer and head of international institutional affairs. “The luxury industry has the power to play a pivotal role in leading the shift toward a sustainable future,” added the executive.
Kering has positioned itself as an industry leader on issues related to sustainability, recently rounding up dozens of global fashion companies to sign on the Fashion Pact with pledges to reduce their environmental impact.