Kering Sa · EURONEXT:KER
Kering Sa — ESG Presentation (September 2025)
63 slides from Kering Sa's sustainability presentation, September 2025
Slide 1: ESG Presentation September 2025
ESG PRESENTATION SEPTEMBER 2025 KERING | ESG Presentation | September 2025 1
Slide 2: Luxury and sustainability are one and the same
“ L ux ur y a nd sust ai nabi l i ty a r e one a nd t he s a me. ” François-Henri Pinault, Chairman KERING | ESG Presentation | September 2025
Slide 3: Summary
SUMMARY 1. GROUP PRESENTATION 2. SUSTAINABILITY 3. PEOPLE 4. GOVERNANCE KERING | ESG Presentation | September 2025
Slide 4: Kering, a pure luxury player
KERING, A PURE LUXURY PLAYER Kering is a global, family-led luxury group, home to people whose passion and expertise nurture creative Houses across ready-to-wear and couture, leather goods, jewelry, eyewear, beauty and art de vivre. Inspired by their creative heritage, Kering’s Houses design and cra
Slide 5: 2024 Key Figures
2024 | KEY FIGURES REVENUE RECURRING OPERATING INCOME FCF FROM OPERATIONS REVENUE RECURRING OPERATING INCOME €17.2bn €2.6bn €2.6bn €1.4bn €17.2bn 14.9% 14.9% margin margin €3.6bn (excl. real estate) SUSTAINABILITY PEOPLE GOVERNANCE* SUSTAINABILITY PEOPLE GOVERNANCE -23% 47,000 -23% as47,000 64% inde
Slide 6: Long-term performance
LONG-TERM PERFORMANCE (1) Adjacent segments Revenue from luxury activities Revenue in jewelry x3 + €1,9 billions x4 In revenue 2013 - 2024 2013 - 2024 2013 – 2024 280,000 76% Jobs at our suppliers(2) weight of directly operated distribution in sales in 2024 (1) Annual revenue of the luxury activitie
Slide 7: Summary
SUMMARY 1. GROUP PRESENTATION 2. SUSTAINABILITY 3. PEOPLE 4. GOVERNANCE KERING | ESG Presentation | September 2025
Slide 8: Kering double materiality assessment
TARGETING OUR MAIN PRIORITIES: KERING DOUBLE MATERIALITY ASSESSMENT Materiality is at the core of Kering's sustainability approach. Since 2013, this approach – which is now aligned with double materiality principles – has allowed Kering to identify the key topics relating to its strategic vision and
Slide 9: Our sustainability roadmap & commitments
OUR SUSTAINABILITY ROADMAP & COMMITMENTS ABOUT OUR IMPACT ON THE PLANET AND NATURAL RESOURCES: • Reach Net Zero target greenhouse emission across our value chain by 2050, following our SBTi validated targets • Preserve our raw materials through 100% traceability and 100% compliance with our Kering S
Slide 10: Progressing on our sustainability commitments in 2024
PROGRESSING ON OUR SUSTAINABILITY COMMITMENTS IN 2024 • 23% reduction in absolute value of our GHG emissions across all scopes • 95% traceability for our key raw materials • 1 00% renewable electricity in all countries where possible (aligned with RE 100 guidelines) CARE • First company to adopt tar
Slide 11: External recognition of our ESG performance
EXTERNAL RECOGNITION OF OUR ESG PERFORMANCE Kering is the only luxury company systematically included in all main ESG ratings and rankings 2025 2024 2024 85/100 / 2nd Included in DJSI World & Europe Triple A for the second year in a row since 2013 2024 2024 2025 75/100 B, Prime, Top 3 Included in Eu
Slide 12: Our sustainability governance & organization
OUR SUSTAINABILITY GOVERNANCE & ORGANIZATION the Board of Directors Report on progress to --- KERING | ESG Presentation | September 2025 12
Slide 13: A set of operational standards across our Houses
A SET OF OPERATIONAL STANDARDS TO IMPLEMENT OUR GLOBAL STRATEGY THROUGHOUT OUR HOUSES NEW Publication: April 28, 2025 Access the latest version of these documents on kering.com KERING | ESG Presentation | September 2025 13
Slide 14: Measuring our environmental impact via the EP&L tool
MEASURING OUR ENVIRONMENTAL IMPACT VIA THE EP&L TOOL The Environmental profit & loss (EP&L) is a measurement tool that allows the Group to quantify and measure annually its environmental footprint across its whole value chain. For all indicators, most of the impact is attributable to the production
Slide 15: Launching initiatives with peers
LAUNCHING INITIATIVES WITH PEERS ... Created in 2019 under the leadership of François-Henri Pinault, it mobilizes participants in fashion and textile with the aim of reducing the industry’s environmental impact A CEO-led initiative launched in 2022 by Kering in partnership with Cartier 65+ members i
Slide 16: Our participation in coalitions & strategic working groups
OUR PARTICIPATION IN COALITIONS & STRATEGIC WORKING GROUPS Coalitions Strategic working groups Fashion / Hard Lux Natural Capital Circularity Env. innovation Sourcing & nature Env. excellence Multi-industries Beauty CUIR DE VEAU RESPONSABLE Social KERING | ESG Presentation | September 2025 16
Slide 17: Focus on our main priorities: table of contents
FOCUS ON OUR MAIN PRIORITIES TABLE OF CONTENTS CLIMATE Page 18 OUR CURRENT FOOTPRINT EMISSION REDUCTION TARGETS BASED ON SCIENCE OUR TRANSITION PLAN BIODIVERSITY & NATURE OUR JOURNEY & COMMITMENTS ON NATURE Page 21 ACTING TOWARDS NATURE PROTECTION & RESTORATION SBTN TARGETS FOR FRESHWATER & LAND THE
Slide 18: Climate: our current greenhouse gas footprint
CLIMATE OUR CURRENT GREENHOUSE GAS FOOTPRINT 2024 TOTAL IN % GROUP GREENHOUSE GAS EMISSIONS BREAKDOWN in tCO2e* 0.6% 1,4% 31,052 12,428 TOTAL EMISSIONS 2,159,908 tons of CO2e SCOPE 3 98% 98% 2,116,428 of our impact Scope 1 Scope 2 Scope 3 KERING | ESG Presentation | September 2025 *calculated accord
Slide 19: Climate: net zero emission reduction targets based on science
CLIMATE: OUR NET ZERO EMISSION REDUCTION TARGETS BASED ON SCIENCE STRENGTHENING OUR COMMITMENT OUR ACHIEVEMENTS AS OF 2024 Kering received the SBTi approval for its Net Zero targets submitted in 2024. REACH NET ZERO ACCROSS THE VALUE CHAIN BY 2050 KERING | ESG Presentation | September 2025 *F LAG: F
Slide 20: Climate: our transition plan
CLIMATE OUR TRANSITION PLAN OUR MAIN LEVERS In order to achieve net zero in 2050 and alongside its approach for optimizing production volumes and inventory levels, Kering has adopted operational sub-targets for five types of emissions-reduction action: KERING’S CLIMATE STRATEGY Annual target 2035 20
Slide 21: Biodiversity & nature: Kering's journey
BIODIVERSITY & NATURE A BRIEF OVERVIEW OF KERING’S JOURNEY SBTN Water & Land targets (2024) First companies named by SBTN as publicly adopting science-based targets for nature Water reduction in Arno basin Zero deforestation commitment The Fashion Pact Reduce land footprint (2019) Landscape engageme
Slide 22: Acting towards nature protection & restoration
BIODIVERSITY & NATURE ACTING TOWARDS NATURE PROTECTION & RESTORATION Biodiversity is a term used to capture the immense variety of life on our planet. It is the living part of Nature. OUR COMMITMENTS Becoming a nature positive company by 2025 by regenerating and protecting an area about six times ou
Slide 23: Kering first to validate SBTN targets for freshwater & land
KERING FIRST TO VALIDATE SBTN TARGETS FOR FRESHWATER & LAND Kering is the first company in the world with validated & published SBTN targets on both Freshwater and Land. Two other companies (GSK & Holcim) have had targets validated by SBTN, but only for Freshwater. FRESHWATER As part of its Water St
Slide 24: Preparing the ground for a nature net-positive impact
KERING PREPARING THE GROUND FOR A “NATURE NET-POSITIVE IMPACT” Kering has a 5 pillars of regenerative agriculture and positive impact related indicators are tracked on nature Kering “Nature Net-positive” Approach Protecting 1 million hectares of Critical Ecosystems beyond our supply chains Kering ha
Slide 25: 1 million hectares regenerated with the Regenerative Fund for Nature
1 MILLION HECTARES REGENERATED WITH THE REGENERATIVE FUND FOR NATURE With & 2020 2021 2022 2023 2024 2025 Fund inception Selection of 7 Launch of on- Inditex joins the 5 more projects Recruitment of by Kering in projects for 1st the-ground Fund and selected thanks additional partnership cohort, acti
Slide 26: Regenerative Fund for Nature in 2025: 12 projects in 8 countries
REGENERATIVE FUND FOR NATURE IN 2025: 12 PROJECTS IN 8 COUNTRIES INDITEX ONLY INDITEX ONLY KERING | ESG Presentation | September 2025 26
Slide 27: Natural climate solutions with the Climate Fund for Nature
NATURAL CLIMATE SOLUTIONS WITH THE CLIMATE FUND FOR NATURE • Launched in December 2022 by Kering, supported by L’Occitane Group and managed by Mirova, a Natixis subsidiary specializing in environmental and social impact investing. Description • Open to other participants, the fund welcomed new contr
Slide 28: Adoption of our first water strategy
ADOPTION OF OUR FIRST WATER STRATEGY OUR COMMITMENTS We consider water stewardship to be a matter of business resilience. As such, Kering has adopted its first water strategy and is partnering with the CEO Water Mandate to advance water stewardship. We intend to have net water positive impacts by 20
Slide 29: Water strategy: trailblazing water-positive approaches
WITH OUR WATER STRATEGY, WE AIM TO TRAILBLAZE WATER-POSITIVE APPROACHES OUR MAIN LEVERS • Water risk mapping within our operations and Scaling up our water strategy over 10 years supply chain • Kering Standards to promote water-efficient raw materials and water-efficient equipment & processes in man
Slide 30: Chemicals management
BIODIVERSITY & NATURE CHEMICALS MANAGEMENT Our ambition: Eliminating all hazardous chemicals from all products and production processes IN OUR SUPPLY CHAIN, OUR AT KERING LEVEL: COMMITMENTS FOR 2025: In 2024, we achieved • Reach Level 2 of the ZDHC* Brands to zero Supplier to Zero program for progra
Slide 31: Circularity ambition: coming full circle
CIRCULARITY AMBITION "COMING FULL CIRCLE" Circularity refers to the economic model involving sustainable production of goods by minimizing resource consumption and waste generation. OUR COMMITMENTS Based on 3 pillars: • No unsold product destruction worldwide • 100% of raw materials to comply with o
Slide 32: Sustainable innovation in action
CIRCULARITY & INNOVATION SUSTAINABLE INNOVATION IN ACTION IN OUR VALUE CHAIN CONNECTED WITH OUR INNOVATION ECOSYSTEM Scaling up innovative processes and developing raw material pilot projects in Kering Ventures: investment arm of Kering, acquiring minority holdings in our Houses startups, aiming to
Slide 33: Repair, reuse, recycle
CIRCULARITY & INNOVATION REPAIR, REUSE, RECYCLE REPAIR • Bottega Veneta introduced its Certificate of Craft in 2022: a lifetime warranty program for its most iconic bags (Jodie, Cassette and Pouch) offering unlimited refresh and repair, for free. • Kering has created multi-country specialist repair
Slide 34: Focus on the Material Innovation Lab
CIRCULARITY & INNOVATION FOCUS ON THE MATERIAL INNOVATION LAB Material Innovation Lab Sourcing of responsible suppliers • Created in 2013 and based in Milan • Aims to promote traceability and the procurement of more 8,000 responsible and innovative materials, while minimizing sustainable their envir
Slide 35: Sustainable innovation in our actions
CIRCULARITY & INNOVATION SUSTAINABLE INNOVATION IN OUR ACTIONS Alternative materials PEELSPHERE GUCCI DEMETRA COFALIT A non-animal material made An alternative material Boucheron unveiled the Jack from sustainable, renewable that is both waterproof Ultime collection made from and biosourced raw mate
Slide 36: Sustainable sourcing
SUSTAINABLE SOURCING A set of environmental and social clauses OUR COMMITMENTS PART OF EACH CONTRACT • 100% of key raw materials to be traceable back to their 2 concrete country of origin targets by • 100% of the key raw materials used by the Group, and the 2025 production processes using these mate
Slide 37: Sustainable sourcing: ensuring responsible procurement
FOCUS ON RAW MATERIALS SUSTAINABLE SOURCING: ENSURING RESPONSIBLE PROCUREMENT The Kering Standards act as a guide for suppliers to ensure compliance with our environmental and social requirements. They have been developed in collaboration with third party experts and NGOs and are based on the latest
Slide 38: Protecting human rights and ensuring living wage
SUSTAINABLE SOURCING: PROTECTING HUMAN RIGHTS AND ENSURING LIVING WAGE OUR COMMITMENTS OUR MAIN LEVERS ➢ Working reasonable hours and decent working conditions SOCIAL AUDITS ➢ Preventing discriminatory practices, ending violence and Centralized harassment Aligned with the best standards as SA8000 an
Slide 39: Sustainable sourcing: social audits
SUSTAINABLE SOURCING SOCIAL AUDITS OUR SUPPLY CHAIN STRUCTURE OUR AUDIT METHODOLOGY G e o gr a p h i c a l l o ca tio n o f Ke ri n g’ s s up p l i e rs i n 2024 → Single, comprehensive audit methodology that covers human rights, health and safety, and the environment → Aligned with the best standar
Slide 40: Summary
SUMMARY 1. GROUP PRESENTATION 2. SUSTAINABILITY 3. PEOPLE 4. GOVERNANCE KERING | ESG Presentation | September 2025
Slide 41: Kering People
KERING PEOPLE 46,936 PEOPLE 37% 24% Men Support & logistics WORK ALL PLACE 63% 23% 53% Women Production Sales 14% 54% 32% 42% 14% 24% Men Over 50 years Under 30 Americas EMEA APAC old years old MANAGERS AGE 62% Between 30 and 50 years 58% 19.7% old Women Employee turnover KERING | ESG Presentation |
Slide 42: Our people vision
OUR PEOPLE VISION BE THE PREFERRED EMPLOYER BUILD A “LOVED” AND RESPECTED MULTI- IN LUXURY BRAND COMPANY for responsible, ambitious individuals who want joining strong Houses together with a shared culture and sense to make a difference in an open and diverse environment of purpose, which everyone u
Slide 43: Focus on our main priorities: table of contents
FOCUS ON OUR MAIN PRIORITIES TABLE OF CONTENTS • CREATING DIVERSE LEADERSHIP Page 44 OUR COMMITMENT STARTS AT LEADERSHIP LEVEL Page 45 • ADVANCING EQUITY IN THE WORKPLACE OUR COMMITMENT TO ADVANCING GENDER EQUITY ACROSS THE ORGANIZATION ENGAGING OUR WORKFORCE • DEVELOPING TALENT Page 46 LEARNING & D
Slide 44: Creating diverse leadership
CREATING DIVERSE LEADERSHIP: OUR COMMITMENT STARTS AT LEADERSHIP LEVEL OUR COMMITMENT OUR ACHIEVEMENTS Increase diversity in key management positions, in terms of gender and geography, to better reflect our business footprint. Women at Kering account for: Achieve a balanced gender mix, especially wi
Slide 45: Advancing workplace equity
ADVANCING WORKPLACE EQUITY ENGAGING OUR WORKFORCE – SOME INITIATIVES A GLOBAL BABY LEAVE POLICY From January 1st, 2020, every new parent, whatever their personal circumstances, is entitled to minimum 14 weeks of paid leave to take care of their newborn(s) or newly adopted child(ren). Fully paid mate
Slide 46: Developing talent: learning & development
DEVELOPING TALENT LEARNING & DEVELOPMENT TALENT DEVELOPMENT & MOBILITY SKILL-BASED LEARNING • Formalization of a Talent management and skills development policy in 2024, including development Kering Learning: multi-language and internal mobility: the policy actively promotes internal mobility and sk
Slide 47: Developing talent: preserving know-how
DEVELOPING TALENT PRESERVING KNOW HOW Training & Knowledge Transfer Craftsmanship ▪ Upskilling programs for employees on new ways of working. preservation policy ▪ Various partnerships with Institutes, Schools and Universities (incl. Scholarships) to raise awareness, share expertise and train the ne
Slide 48: Preserving know-how: excellence programs & partnerships
DEVELOPING TALENT PRESERVING KNOW HOW – EXCELLENCE PROGRAMS & PARTNERSHIPS Gucci ArtLab & Instituto Secoli Boucheron & Haute Ecole de Joaillerie Brioni & Scuola di Alta Sartoria Launched in 2018, Gucci Launched in 1985 through This partnership ArtLab center of Scuola di Alta Sartoria goes back to th
Slide 49: Engaging in a meaningful dialogue
ENGAGING IN A MEANINGFUL DIALOGUE KERING LISTENING EMPLOYEE SURVEY 2024 KERING GLOBAL EMPLOYEE SURVEY ▪ Global survey for all our employees, in 16 languages - 16 questions on engagement, well- being, talent and Inclusion & Diversity & 3 optional questions at House level ▪ Strong response rate at 87%
Slide 50: Summary
SUMMARY 1. GROUP PRESENTATION 2. SUSTAINABILITY 3. PEOPLE 4. GOVERNANCE KERING | ESG Presentation | September 2025
Slide 51: Resolutions approved at the September 9, 2025 General Meeting
RESOLUTIONS APPROVED AT THE SEPTEMBER 9, 2025 GENERAL MEETING ORDINARY RESOLUTIONS Remuneration policy for the new CEO for the period from September 15 to No. 1 December 31, 2025 Remuneration policy for the Chairman of the Board of Directors for the period Say On Pay ex-ante No. 2 from September 15
Slide 52: Appointment of Luca de Meo as CEO and board member
APOINTMENT OF LUCA DE MEO AS CHIEF EXECUTIVE OFFICER AND BOARD MEMBER LUCA DE MEO Chief Executive Officer, Kering Effective September 15, 2025 58 years old – Italian national FORMER POSITIONS Renault (2020-2025) Fiat (2002-2009) • CEO Renault Group and brand • Group Marketing Director • CEO, Ampere
Slide 53: The Board of Directors
THE BOARD OF DIRECTORS AS OF SEPTEMBER 9, 2025 14 Independent Director Members Director representing employees F-H. PINAULT LUCA DE MEO Chairman of the Board CEO 58% 50 % 6 Independent(2) Women(2) Nationalities VÉRONIQUE WEILL DOMINIQUE GIOVANNA SERGE Lead Independent Director D’HINNIN MELANDRI WEIN
Slide 54: Board of Directors' skills
BOARD OF DIRECTORS’ SKILLS Board Committees membership Appointments Remuneration & Governance Sustainability Audit François-Henri Pinault Luca de Meo Véronique Weill Dominique D’Hinnin Giovanna Melandri Serge Weinberg Concetta Battaglia Maureen Chiquet Jean-Pierre Denis Yonca Dervisoglu Rachel Duan
Slide 55: A seasoned and diverse Executive Committee
A SEASONED AND DIVERSE EXECUTIVE COMMITTEE 12 MEMBERS GENDER PARITY Luca de Meo Chier Executive Officer Francesca Belletini - President and Chief Executive Officer, Gucci Jean-Marc Duplaix - Chief Operating Officer KERING | ESG Presentation | September 2025 55
Slide 56: 2025 remuneration policy for the CEO
2025 REMUNERATION POLICY FOR THE CEO From September 15 to December 31 REMUNERATION AMOUNT COMMENTS COMPONENT ANNUAL FIXED €650,959 Based on an annual amount of €2,200,000 REMUNERATION Pro rata temporis (Sept. 15-Dec 31) ANNUAL VARIABLE €1,210,000 • Subject to the achievement of 2 strategic and quali
Slide 57: 2026 remuneration policy for the CEO
2026 REMUNERATION POLICY FOR THE CEO Shareholders will be asked to vote on the 2026 remuneration policy in the 2026 AGM Boards’ approach to CEO remuneration Performance-oriented system Incentivizes sustainable value creation and delivery of the Group’s strategic objectives Ensures strong alignment w
Slide 58: 2025 remuneration policy for the Chairman of the Board
2025 REMUNERATION POLICY FOR THE CHAIRMAN OF THE BOARD From September 15 to December 31 CURRENT REMUNERATION POLICY PROPOSED REMUNERATION POLICY AS CHAIRMAN AS CHAIRMAN AND CEO ANNUAL FIXED Annual amount: €1,200,000 Annual amount: €700,000 REMUNERATION → Prorated for the period from January 1 → Pror
Slide 59: Proposed amendment to the Articles of Association
PROPOSED AMENDMENT TO THE ARTICLES OF ASSOCIATION Board’s proposal: Rationale: Increase in age limit as set out in the Articles of Association • Current common age limit (65) no longer suited to separated Chairman/CEO roles. • Chairman of the Board of Directors: from 65 → 80 years • Differentiated l
Slide 60: Governance - Annex
GOVERNANCE - ANNEX Work of the Board of Directors in 2024 KERING | ESG Presentation | May 2025 60
Slide 61: Committees of the Board of Directors in 2024
COMMITTEES OF THE BOARD OF DIRECTORS IN 2024 Audit Committee Remuneration Committee 17 Meetings Independent Chair: Dominique D’Hinnin Independent Chair: Véronique Weill 6 members 5 members 67% independent 75% independent (1) 7 meetings 1 employee representative 97 % attendance rate 4 meetings 97% 10
Slide 62: Work of the Board of Directors in 2024
WORK OF THE BOARD OF DIRECTORS IN 2024 9 94% 1 1 Strategic Training session Meetings Attendance rate seminar Strategy, Business & Finance ESG • Group and Houses performance and results • Significant real estate projects • Annual and half-year financial statements, quarterly results • Appointment of
Slide 63: Kering Houses
Gucci • Saint Laurent • Bottega Veneta • Balenciaga • Alexandre McQueen • Brioni Boucheron • Pomellato • Dodo • Qeelin • Ginori 1735 Kering Eyewear • Kering Beauté