The French conglomerate, which owns high-end brands including Gucci and Yves Saint Laurent, said it was dedicated to reducing its environmental impact and advocating social welfare across its supply chain.

The strategy outlines how the firm plans to help transform the luxury sector and meet the significant social and environmental challenges of this generation, said François-Henri Pinault, chairman and CEO of Kering.

The launch comes days after a CDP report said its members, which do not include Kering, pressured suppliers to cut 434m tonnes of CO2 in 2016.

Kering said it would reduce emissions by 50 percent across three elements of the supply chain: fleet and direct emissions, purchased electricity and indirect emissions, which include business travel, emissions from purchased goods and services, and logistics.

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