Kering (KER) ESG presentation summary

Strategic vision and sustainability integration

• Sustainability is embedded in all decisions, functions, and geographies, with a focus on non-negotiable ESG priorities and alignment with UN SDGs, targeting 13 specific goals.

• Double materiality assessment guides the identification of key ESG topics, including climate, water, biodiversity, circularity, human rights, and governance.

• Achieved a 34% reduction in greenhouse gas emissions (2025 vs 2022), with 100% renewable electricity where possible and near-full traceability of key raw materials.

• Recognized for ESG leadership with inclusion in DJSI for 13 consecutive years and top ratings from CDP, MSCI, and Sustainalytics.

• New sustainability chapter aims for net zero by 2050, halving CO₂ emissions by 2033, and significant investments in people, craftsmanship, and material innovation.

Financial performance and objectives

• 2025 revenue reached €14.7bn, recurring operating income €1.6bn (11.1% margin), and FCF from operations €4.4bn.

• Mid-term ambition to more than double FY 2025 recurring operating margin and achieve ROCE above 20%.

• Capex targeted at 5-6% of revenue, with a ~50% payout ratio and dividend growth aligned with performance.

Climate, nature, and circularity initiatives

• Net zero target by 2050, with SBTi-approved science-based targets for GHG reductions across all scopes.

• Regenerative Fund for Nature has regenerated over 1 million hectares, and Climate Fund for Nature protects critical ecosystems.

• Water strategy aims for net water positive impact by 2050, with Water Resilience Labs launched in priority basins.

• Circularity initiatives include repair, resale, and recycling programs, and the development of next-gen materials like Demetra, Lunaforum, and Bananatex.