Revolutionizing Animal Treatment in Fashion Supply Chains
- Kering publishes new animal welfare standards
- Standards cover cattle, calves, sheep, and goats
- Developed over three years with input from experts, farmers, scientists, and NGOs
- First-ever set of full standards for luxury and fashion industry
- Aims to drive positive change in industry practices
- Aligns with Kering’s commitment to holistic sustainability approach
Luxury fashion conglomerate Kering has introduced new animal welfare standards to ensure the humane treatment of animals across its supply chains. The first phase of these standards, launched on May 13th, covers cattle, calves, sheep, and goats throughout their lives and includes guidelines for abattoirs. Developed over three years with input from experts, farmers, scientists, NGOs, and best practices, the Kering Animal Welfare Standards are the first of their kind in the luxury and fashion industry. These standards aim to drive positive change in industry practices and encourage collaboration with suppliers, peers, and the food sector for a more sustainable future. Marie-Claire Daveu, Chief Sustainability Officer, emphasizes Kering’s commitment to holistic sustainability, encompassing animals, wildlife, and biodiversity conservation.
Factuality Level: 10
Factuality Justification: The article provides accurate information about Kering’s new animal welfare standards, their development process, and the company’s commitment to sustainability and industry-wide change. It includes quotes from a relevant source and does not contain any irrelevant or misleading details, sensationalism, redundancy, personal perspective presented as fact, invalid arguments, or logical errors.
Noise Level: 3
Noise Justification: The article provides relevant information about Kering’s new animal welfare standards and their commitment to improving practices within the luxury fashion industry. It also highlights the collaboration with various stakeholders in the industry. However, it lacks a detailed analysis of the potential impact or consequences of these standards on the industry and society.
Financial Relevance: Yes
Financial Markets Impacted: Kering is a luxury fashion company, so its animal welfare standards may impact the operations of its suppliers and potentially affect the reputation and performance of the company in the market.
Financial Rating Justification: The article discusses Kering’s new animal welfare standards which could have an impact on the company’s supply chain and operations. This has financial relevance as it can influence the company’s costs, reputation, and overall performance.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: Minor
Extreme Rating Justification: There is no extreme event mentioned in the article.
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