The PPR Group has announced their list of sustainability targets set for the next five years after the launch of their Green Profit and Loss Report in 2011. The priority for the company is on the reduction of their carbon emissions, waste, water, hazardous chemicals, sourcing of raw materials, packaging and its supply chain by 2016.
The report also states that the company plans to evaluate all its key suppliers in every two years and reduce their waste from the production of products and services by 25%. All of the company’s collections will also be PVC-free by 2016 and all the hazardous chemicals will be phased out and eliminated from its production by 2020.
The PPR Group has also taken a 5% stake in Wildlife Works Carbon as part of its long-term sustainability strategy. The investment fulfils one of the company’s primary goals to invest in profit businesses that incorporate biodiversity conservation and social concerns into their business model, resulting in net-positive social and environmental impacts.
The PPR Group is looking forward to generate new business revenues from the sustainability-driven approach.
