The GLASA Award went to KERING. The group implemented and developed, in a groundbreaking way, the method Environmental Profit & Loss, EP&L. The method puts economic values on the environmental consequences of a company’s activities, not only within its own operations, but also for the whole supply chain and the planet earth.
The EP&L provides a full analysis of a company’s footprint in key areas of sustainability such as water use, water pollution, waste, greenhouse gas emissions, air pollution and land use. It provides a clear understanding of the relationship between business and the natural capital.
PUMA is one of KERING’s brands. In 2010 it was the first company to implement an EP&L. When the results were announced it put PUMA’s evaluation of natural capital on the agenda for the entire fashion industry.