SET AND APPROVED THE TARGETS TO REDUCE GREENHOUSES GAS EMISSIONS
Building on its commitment towards a sustainable future and in line with the level of decarbonization needed to prevent the most damaging effects of climate change, Salvatore Ferragamo Group has set science-based targets to reduce greenhouses gas (GHG) emissions. Two significant goals to achieve by 2029.
Florence, September 10, 2020. Salvatore Ferragamo Group announces that it has set its emissions reduction targets and it has had them approved by the Science Based Targets initiative, who deemed them as consistent with levels required to meet the most ambitious goal of the Paris Agreement: to limit warming to 1.5°C.
In line with the latest climate science, Salvatore Ferragamo Group has set two, significant goals:
- Reduce absolute scope 1 and scope 2 GHG emissions 42% by 2029 from a 2019 base year;
- Reduce absolute scope 3 GHG emissions from purchased goods and services and downstream transportation and distribution 42% by 2029 from a 2019 base year.
“For Salvatore Ferragamo operating responsibly translates into being aware of its impact, while looking for creative, innovative, and serious solutions to mitigate it. – said Ferruccio Ferragamo, Chairman of Salvatore Ferragamo. – Setting quantitative targets to reduce our climate impact is a challenging commitment; however, it makes us factual and proud to have started this journey.”
Formed by CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF), the Science Based Targets initiative defines and promotes best practice in science-based target setting and independently assesses companies’ targets.
The science-based targets set by the Company reinforce Salvatore Ferragamo’s journey towards sustainability that has been structured over the years and has recently developed into remarkable initiatives such as the Sustainable Thinking project, the joining of the Fashion Pact, and the SI Rating Silver Certification.
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