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.

03-FootprintCommitment_new_1920x1080

OUR ENVIRONMENTAL COMMITMENT

In line with its environmental commitment, 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 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 2023, Ferragamo achieved a CDP Climate Change score of A-, improving its 2022 B score, thanks to the strengthening of its climate change- and energy-related risk management and disclosure processes. 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.

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.

04-ScienceBasedTargets-600x600

EMISSIONS

The search for solutions related to sustainable mobility is an integral part of Ferragamo's sustainability vision, which focuses on optimizing employees travel and works to identify actions to reduce environmental impacts, such as car sharing and carpooling initiatives. Also, from 2021 the Company has entered into a partnership with Alphabet, a BMW Group Company that provides corporate mobility services, to replace its fleet of more than 150 Company vehicles in Italy with Plug-In Hybrid or Full-Electric cars, with the aim of reducing CO2 emissions.

The cars in the new corporate fleet have average emissions of 82 gr CO2 in 2023, compared with the previous fleet, which had average emissions of 115 gr/Co2 per vehicle.

The estimated CO2 saving for 2023 is 80 tons of CO2 (considering an average of 24000 KM/year per car).

Mitigating the effects of climate change is also one of the main objectives of the Fashion Pact, which, among other commitments, requires its members to adopt specific CO2 emission reduction targets. Thus, the Group has included the reduction and offset of CO2 emissions among the priorities defined within the Group's Sustainability Plan.

Reflecting this commitment there was a Group saving of 1,500 tons of CO2eq (-10.3%) compared to 2019 and a saving of 160 tons of CO2eq compared to 2021 (-1.2%), considering scope1 and scope2 of the Group's Science Based Targets initiative.

MOBILITY

The search for sustainable mobility solutions is also an integral part of the Group's sustainability vision, which has had a Commuting Home to Work Plan for the Osmannoro headquarter in Italy and has had a Mobility Manager for several years, with the aim of optimizing employee travel and promoting solutions that enable the reduction of environmental impacts.
Thus, a number of sustainable mobility initiatives were renewed in 2022, such as the Company carpooling service and the “Bici&Piedi” activity, both in collaboration with JoJob. Participation in “Bici&Piedi”, which allows people who walk or bike to work to take part in the initiative and reduce CO2 emissions, has also been extended to micro-electric mobility.
In 2022, the JoJob collaboration service was also extended to all Milan locations.
Finally, in 2022, the employee benefits were confirmed with a number of car and motorcycle manufacturers, whose lists include hybrid and electric vehicles, with car sharing services and with sustainable micro-mobility providers, such as “To-tem”.
In 2022, thanks to car sharing services and “Bici&Piedi” in collaboration with JoJob, there was a saving of 31,000 km, equivalent to a saving of 4 tons of CO2.
In 2023, maintaining the same cooperation with JoJob resulted in a savings of 25,000 km, equivalent to a saving of 3.2 tons of CO2.

04-Biodiversità_new_1160x773 (1)

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.

05-circular economy_1920x900

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.

Packaging new
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 CO2 emission reporting procedure and has obtained the international standard ISO 14064, becoming Italy's first green corporate museum.

10-Archive-960x1280-ALT
11.Report-1920x700

2022
ANNUAL REPORT