Kering and L’Occitane have teamed up to create a Climate Fund for Nature.

Kering is a global luxury group. L’Occitane is a premium and sustainable cosmetics company. The fund will mobilize resources from the luxury fashion and beauty sectors to protect and restore nature, with a particular focus on women empowerment. The fund will be open to new partner companies to support the scaling up of its positive impacts on the ground.The creation of the fund will bring significant capital to nature protection and restoration. The fund vehicle will start operations as of the first quarter of 2023.

With the objective of supporting high-quality projects dedicated to nature protection and restoration, the fund will also support farmers in their transition to regenerative practices, deliver carbon credits, and generate co-benefits for the communities with a specific emphasis on women empowerment. This means the projects supported will also be required to significantly contribute to women empowerment by addressing existing gaps related to access to finance, land and training. Eligible projects will mostly take place in countries where the investors source their core raw materials.As countries and companies step up their commitments to fight the climate and biodiversity crises, the need to scale-up finance and investment in nature-based solutions is now acknowledged as critical.