18 Nov '11, 1pm

Gucci, YSL to Follow Puma in Revealing Environmental Impact Costs

Gucci, YSL to Follow Puma in Revealing Environmental Impact Costs

PPR 's stable of luxe fashion houses and sportswear labels are following the lead of the firm's Puma brand and will calculate the costs associated with their environmental impacts to create a green profit and loss assessment for key company lines. PPR announced the plan this week with the release of Puma's much-anticipated inaugural environmental profit and loss accounting. PPR leaders said the goal is to complete a group environmental P&L for the company's global luxury and sports and lifestyle brands by 2015. “Sustainability is not only necessary to minimize business risks and enhance cost savings, it is a must if we want our brands to keep their desirability and competitive edge into the future,” said PPR Chairman and CEO Francois-Henri Pinault in a statement. "A Group E P&L represents our collective commitment to reinforce and strengthen PPR’s businesses for the long r...

Full article: http://www.greenbiz.com/blog/2011/11/18/gucci-ysl-follow-...

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