Environmental Sustainability | Salvatore Ferragamo CSR

ENVIRONMENT

OPERATING EFFICIENTLY LOOKING TO THE FUTURE

Ferragamo has always put environmental sustainability at the heart of its development policies. To protect the environment, the Group aims at positively contributing to its protection and safeguard through strategies and initiatives aimed at reducing the environmental impact of its operations.

OUR ENVIRONMENTAL COMMITMENT

In line with its environmental commitment, Ferragamo has partnered with various logistic providers to offset, through carbon neutral certified projects, all CO₂emissions generated by the shipment of its products; specifically, an agreement with UPS for the products ordered through the eCommerce platform in the United States and a partnership with DHL Express for the eCommerce shipments in Europe.

As of 2016, for all the Italian facilities, Ferragamo has obtained the ISO 14064 Certification concerning the reporting of CO₂ emissions, the ISO 14001 Certification, which defines an Environmental Management System and the ISO 50001 Certification, to ensure a more efficient and sustainable use of energy.

Since 2017, the Company has voluntarily participated in the CDP's climate change questionnaire, to favour transparency and accounting of CO₂ emissions. In 2022, Ferragamo has been recognized with an B score for its actions to cut emissions, mitigate climate risks and develop the low-carbon economy. Based on the 2022 CDP questionnaire, Ferragamo entered the 2022 CDP Supplier Engagement Leaderboard, ranking that celebrates the leading companies assessed for their ability to engage suppliers on the issue of climate change.

As part of its sustainability strategy, the Company is also committed to searching for sustainable transport solutions through the optimization of employees’ transfers and to identifying initiatives capable of reducing environmental impact, such as car sharing and carpooling. Moreover, starting in 2021 the Company signed a partnership with Alphabet, a BMW Group company specialized in the provision of corporate mobility services, for the replacement of the Company’s fleet of more than 150 corporate vehicles in Italy with Plug-In Hybrid or Full Electric cars, with the aim of reducing CO₂ emissions.

SCIENCE BASED TARGETS

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 greenhouse gas (GHG) emissions. Approved by the Science Based Targets initiative, two significant goals must be achieved by 2029:

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.

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.

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Biodiversity

The Salvatore Ferragamo Group believes that the protection and promotion of biodiversity are characterizing elements of the approach towards environmental responsibility and promotion of “Made in Italy” that has always characterized the Brand.
Recognizing that its activities are intrinsically connected and dependent on natural capital, in 2020 the Group has decided to further commit to the safeguard and promotion of natural resources through a Manifesto for Biodiversity.
The Manifesto formalizes the Group’s commitment in the field of biodiversity protection, with the aim of contributing positively to the safeguard of the environment through the development of strategies and initiatives aimed at minimizing the environmental impact along the entire value chain.

CIRCULAR ECONOMY

The Brand’s commitment towards circular economy envisages a 360° approach: from the selection of circular and regenerated materials for the collections and the use of certified and post-consumer packaging, to the donation or upcycle of obsolete raw materials and the intent to strengthen the consumption of renewable energy in the next years.

With the aim of stimulating the level of collaboration and innovation necessary to create a new textile economy, aligned with the principles of the circular economy, over the years, Ferragamo has participated in networks and initiatives dedicated to the development of these issues. These include the Italian Alliance for the Circular Economy, which sees the participation of companies from various sectors, all "Made in Italy" and internationally recognized, promotes the development of business models based on collaboration, the extension of the useful life of products, the reuse of energy and utilization of renewable resources.

In 2020, by publishing a Position Paper, which identifies priority actions and valuable experiences and fosters concrete proposals for the development of circularity in Italy, the Alliance renewed its commitment to bring circular economy at the center of the political agenda. In 2023, Ferragamo joined the Monitor for Circular Fashion, a multi-stakeholder project involving leading fashion companies and supply chain actors with scientific input from the SDA Bocconi Sustainability Lab. The Monitor disseminates good practices in circular fashion, enhancing technical, managerial and scientific expertise, with the aim of contributing to the transition to circular business models.

CERTIFIED PACKAGING

The Salvatore Ferragamo Group, in keeping with responsible management of its business, is strongly committed to reducing the consumption of materials such as paper and plastic. As regards paper packaging for the retail business, the Salvatore Ferragamo Group favors paper certified by the Forest Stewardship Council, which bears witness to correct forest management and the traceability of the paper products. The FSC logo guarantees that the product is made of raw materials harvested from forests managed according to sustainable principles. With the launch of a new vision and creative direction Ferragamo introduced new packaging by integrating additional elements of sustainability.

The new iconic red packaging, is entirely made of a new FSC-certified institutional paper, made of 80% post-consumer waste fibers. Other sustainability elements characterize the new packaging: shopping bag handles made of FSC paper and box and shopping bag reinforcing elements made of recycled cardboard. In order to promote a more sustainable luxury and to eliminate the use of single-use plastic, in 2022 the Group completed the replacement of polybags for transporting products with bioplastic and recycled and recyclable plastic alternatives, and continued the gradual replacement of labels with a 100% recycled polyester alternative. Moreover, the hangers used for Ferragamo garments are made of 100% post-consumer recycled plastic and the bags used for packaging products such as shoes, bags and accessories are Made in Italy and made of 100% cotton fabric, as are the bags used for clothing, which also have a 100% recycled polyester lining. Innovative and environmentally friendly materials are also used for the packaging of some eCommerce shipments. Since 2022, Ferragamo has been using a paper filler and since 2021 it has started using boxes made of FSC-certified and 78% recycled cardboard.

ISO 14001

CERTIFICATION OBTAINED FOR ALL THE OFFICES AND STORES IN ITALY

ISO 14064

CERTIFICATION OBTAINED FOR ALL THE OFFICES AND STORES IN ITALY

ISO 50001

CERTIFICATION OBTAINED FOR ALL THE OFFICES AND STORES IN ITALY

100%

ELECTRICITY FROM RENEWABLES ON THE ITALIAN SOIL

Video filmed in 2018

OUR PLACES

The Salvatore Ferragamo Group's commitment towards protecting the environment means managing and developing our places in an increasingly sustainable manner, as well. Over the years, the Group has taken action to obtain the main environmental certifications for its sites, aiming at protecting and respecting the environenment, extending this commitment to the retail area. In addition, 100% of the energy used for all the Italian sites comes from renewable sources and, to improve energy efficiency, a computerized management system - the Building Management System (BMS) - has been installed in several buildings at Osmannoro, enabling the control and monitoring of the mechanical and electric systems. Regarding Italy, the florentine site of Osmannoro underwent partial redevelopment, such as the opening of a New Logistic Hub, which obtained the LEED Platinum Certification; the creation of a green area of around 8,000 sq.m.; and, the sustainable redevelopment of building M, certified LEED Platinum, where the Manovia and the Historic Archive have been transfered. The initiatives concerning sustainability have also involved the Museo Ferragamo, which has completed a CO₂emission reporting procedure and has obtained the international standard ISO 14064, becoming Italy's first green corporate museum.