Boston, MA - FCLTGlobal today announced that global luxury group Kering has joined as the initiative’s newest member. Kering joins a growing network of more than seventy leading organizations committed to advancing a collective mission to focus capital on the long term.

FCLTGlobal is a Boston-based non-profit organization that researches strategies that drive long-term value creation for companies, investors, savers, and communities. Members participate in action-oriented programming, fund ongoing operations, and promote strategies that support increased education, awareness, and adoption globally.

Founded in 1963, Kering manages the development of an ensemble of renowned brands in fashion, leather goods, and jewelry. Sustainability has always been at the heart of Kering’s strategy and culture, driving innovation and value creation for the Group, its brands, and its stakeholders as it aims for stronger economic, environmental, and social performance.

“We believe that business and financial organizations need to join forces to achieve positive social and environmental outcomes. This was the idea behind the creation of the open-source Environmental Profit & Loss tool we developed at Kering to measure environmental footprint in monetary terms and provide guidance on how to minimize that impact,” said Jean-François Palus, Kering’s Group Managing Director. “We look forward to contributing to FCLTGlobal’s initiatives to help support a sustainable and prosperous economy in the long term.”

“In our members, we look for organizations that are focused on the future and those that can lead by example. We are excited to welcome Kering to the FCLTGlobal community and look forward to collaborating on our shared mission to realize a more equitable, resilient economy,” said Sarah Keohane Williamson, FCLTGlobal’s Chief Executive Officer.

FCLTGlobal now has 75 member organizations around the world, including companies and investors from 14 different countries.

###

About FCLTGlobal

FCLTGlobal’s mission is to focus capital on the long term to support a sustainable and prosperous economy. We are a non-profit organization whose members are leading companies and investors worldwide that develops actionable research and tools to drive long-term value creation for savers and communities. Please visit www.fcltglobal.org to learn more.

About Kering

A global Luxury group, Kering manages the development of a series of renowned Houses in Fashion, Leather Goods, Jewelry and Watches: Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, DoDo, Qeelin, Ulysse Nardin, Girard-Perregaux, as well as Kering Eyewear. By placing creativity at the heart of its strategy, Kering enables its Houses to set new limits in terms of their creative expression while crafting

tomorrow’s Luxury in a sustainable and responsible way. We capture these beliefs in our signature: “Empowering Imagination”. In 2020, Kering had over 38,000 employees and revenue of €13.1 billion.

Media Contact

Ross Parker, [email protected], +1 508 667 5451

Press Release

Study Finds That Stakeholder-Oriented Companies Yield Higher Returns

18 January 2022 - Wharton School and FCLTGlobal partner on empirical research on the practical outcomes of stakeholder capitalism

Learn More

Press Release

McKinsey & Company’s Bob Sternfels Joins FCLTGlobal’s Board of Directors

4 January 2022 - FCLTGlobal announced today that Bob Sternfels, Global Managing Partner of McKinsey & Company, has joined its board of directors. McKinsey is a founding member of FCLTGlobal, having co-founded the original Focusing Capital on the Long Term initiative in 2013.

Learn More

Press Release

Votorantim Announces Membership with FCLTGlobal

14 December 2021 - FCLTGlobal today announced its partnership with Votorantim S.A., the centenarian Sao Paulo-based family-owned investment company. Becoming the first Latin American member, Votorantim joins FCLTGlobal’s network of more than seventy leading investors and companies who work to advance the organization’s mission focusing capital on the long term to support a sustainable and prosperous economy.

Learn More