ENVIRONMENT

OPERATING EFFICIENTLY LOOKING TO THE FUTURE

Salvatore 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.

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OUR ENVIRONMENTAL COMMITMENT

In line with its environmental commitment, Salvatore Ferragamo has partnered with various logistic providers to offset, through carbon neutral certified projects, all CO2 emissions generated by the shipment of its products; specifically, an agreement with UPS for the products ordered through the eCommerce platform in Europe and in the United States and a partnership with DHL Express for the deliveries for the daily replenishment of European stores.

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

Since 2017, the Company has voluntarily participated in the Carbon Disclosure Project (CDP), to favour transparency and accounting of CO2 emissions. In 2020, Salvatore Ferragamo has been awarded an A- in the Climate section, for its actions and transparency in combatting climate change and mitigating climate change risks. Based on the 2020 CDP questionnaire, Salvatore Ferragamo entered the 2020 CDP Supplier Engagement Leaderboard, a ranking that celebrates the top 7% of 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.

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 greenhouses 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.

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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, the Salvatore Ferragamo Group has signed, in November 2017, the “Manifesto for a Circular Economy”, which establishes an Alliance to promote innovative and sustainable projects.
The Alliance, 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.
After a first edition published in 2018, the Alliance renewed its commitment to bring circular economy at the center of the political agenda by publishing in 2020 a new version of the Position Paper, which identifies priority actions and valuable experiences and fosters concrete proposals for the development of circularity in Italy.
Moreover, in December 2018, the Salvatore Ferragamo Group took part in the Make Fashion Circular initiative promoted by the Ellen MacArthur Foundation, established in 2010 with the aim of speeding up the transition towards circular economy. The Brand’s participation further highlights the commitment towards the virtuous model of circular economy.

PRODUCTS AND MATERIALS

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RESPONSIBLE MATERIALS

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SALVATORE FERRAGAMO ICON-UP

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RESPONSIBLE EYEWEAR COLLECTION

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EARTH TOP HANDLE BAG

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F-80 SKELETON

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VIVA BALLET FLAT

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42 DEGREES CAPSULE COLLECTION

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RAINBOW FUTURE SANDAL

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ORANGE FIBER CAPSULE COLLECTION

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UPCYCLE

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ANIMAL WELFARE

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. The iconic red packaging, in addition to being “Made in Italy” as well as fully recyclable and biodegradable, is also post-consumer, i.e. up to 40% composed of recycled fibers and the remainder of ECF (Elementary Chlorine Free) cellulose, which is treated with ecological processes. Aiming at a more sustainable luxury and at the elimination of single-use plastic, in 2020 the Group has started to progressively replace hangers, polybags, and tags and labels with substitutes in bioplastic and recycled and recyclable plastic.

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ISO 14001
CERTIFICATION OBTAINED FOR ALL THE OFFICES AND STORES IN ITALY
ISO 14064
CERTIFICATION OBTAINED FOR THE OSMANNORO SITE
ISO 50001
CERTIFICATION OBTAINED FOR THE OSMANNORO SITE
100%
ELECTRICITY FROM RENEWABLES ON THE ITALIAN SOIL

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 New Manovia and the new Historic Archive have been transfered. The initiatives concerning sustainability have also involved the Museo Salvatore Ferragamo, which has completed a CO2 emission reporting procedure and has obtained the international standard ISO 14064, becoming Italy's first green corporate museum.

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2020
ANNUAL REPORT