OUR COMMITMENT TO SUSTAINABILITY

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Creativity, innovation and excellent craftsmanship have been the core values of the Salvatore Ferragamo brand since it began, and are tangible elements in the design and production of each and every one of its creations. The Brand’s deep ties to the local area, its culture and community have instilled in Salvatore Ferragamo an ever greater awareness of the need for a sincere and significant commitment to protecting the places where it operates and the people who work for it, a commitment that goes beyond mere compliance with the provisions of national and international laws, standards and regulations.

SUSTAINABLE DEVELOPMENT GOALS

Following the publication of the Sustainable Development Goals by the United Nations, the Salvatore Ferragamo Group put in place a process to analyze the SDGs based on coherence in regard to its own sustainability values and relevance in regard to its own activities in the short, medium, and long term. This process ended with the identification and adoption of 6 Sustainable Development Goals to be broken down into concrete actions to be developed internally and on which to focus the Group's resources. After signing the Fashion Pact, in 2019 the Group reinforced its commitment in the field of environmental protection by integrating three additional SDGs into the Sustainability Plan.

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GOOD HEALTH AND WELL-BEING

In line with its own Charity Policy, the Group is committed to promoting and supporting initiatives aimed at protecting the health of women and children.

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QUALITY EDUCATION

The Group, in collaboration with the Fondazione Ferragamo, is committed to investing in the education and training of those who intend to work in the fashion and design world and in the highest and most artistic forms of Italian craftsmanship, in line with the stylistic values and canons expressed in the work of its Founder.

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AFFORDABLE AND CLEAN ENERGY

The Group is committed to protecting and safeguarding the environment through continuous improvement of energy efficiency in its consumption and by promoting the use of renewable sources.

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DECENT WORK AND ECONOMIC GROWTH

The Group focuses its commitment on encouraging and enhancing people's professional development, while respecting the community historical values, in order to encourage innovation and creativity, while also ensuring the healthiness of workplaces.

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SUSTAINABLE CITIES AND COMMUNITIES

The Group is committed to directing significant attention and resources to artistic and cultural initiatives, in order to ensure a more responsible management of urban reality and promote culture in all its forms and expressions.

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RESPONSIBLE CONSUMPTION

The Group is committed to guaranteeing responsible management in its processes to produce and consume resources, raw materials and packaging materials, investing in quality in order to reduce environmental impact and extend the life cycle of its products, and reporting on its business on the basis of the principle of transparency.

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CLIMATE ACTION

With a view to combating climate change, the Group is committed to protecting and safeguarding the environment through strategies and initiatives intended to minimize the environmental impact of its operations.

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LIFE BELOW WATER

The Group is committed to protecting the oceans, seas and marine resources through concrete initiatives such as reducing the use of single-use plastic.

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LIFE ON LAND

In order to restore biodiversity, the Group is committed to implementing meaningful actions to protect species and promote a sustainable use of the terrestrial ecosystem.

SUSTAINABILITY ROADMAP

For Salvatore Ferragamo, sustainability is deeply integrated into the Business strategy.

As from 2017, the Group adopted a Sustainability Plan, which is updated annually. It aims to create a shared vision of the direction taken at global level and to promote a culture of sustainability that respects, protects and promotes excellence.

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UN GLOBAL COMPACT

In order to implement the universal principles of sustainability and support the United Nations’ goals, in December 2018, the Salvatore Ferragamo Group joined the United Nations Global Compact, the world’s largest corporate sustainability initiative. The Global Compact offers a universal language for corporate responsibility and a framework for businesses of all sizes, complexity and location, thereby supporting organizations in making responsible strategic decisions to promote internationally-shared corporate goals.

FASHION PACT

Confirming its commitment to environmental sustainability, in 2019 Salvatore Ferragamo has joined the Fashion Pact, a coalition of 60+ global leading companies from the fashion and textile industry formed to set strategic, tangible goals to reduce the environmental impact of this important industry.

Supported by some of the leading experts across research, science, and conservation, the Fashion Pact has set tangible targets across three areas of focus: implementation of science-based targets (SBTs) for Climate to achieve net-zero carbon impact by 2050; protection of key species as well as the protection and restoration of critical natural ecosystems; and reduction of negative impact the fashion industry has on the ocean environment through the elimination of problematic and unnecessary plastic in packaging.

In 2020, the Fashion Pact published its first Progress Report, which measures progress on the commitment on climate, biodiversity, and oceans and steers actions towards impact.

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SI RATING

Testyfying to the strong committment on managing sustainability in multiple ESG areas (Environmental, Social and Governance), in 2021, Salvatore Ferragamo S.p.A obtained the highest level of the SI Rating certificate, Gold. Based on internationally recognized tools and on SASB’s materiality map (Sustainability Accounting Standards Board), SI Rating is the first algorithm that includes on a single platform all the internationally recognized tools of the ESG criteria and the 17 SDGs of the United Nations contained in the 2030 Agenda, in order to evaluate the comprehensive level of sustainability in organizations.

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LETTER FROM THE CHAIRMAN

For Salvatore Ferragamo, 2021 was a particularly significant year during which, rising to the daunting challenges posed by the pandemic, we laid the foundations for the beginning of a new chapter for our company, to project it into the future with increased strength, professionalism, and passion. We are determined to fully realize the massive potential we have created in several years of hard and illuminated work, rife with examples and important values – relying on the extremely valuable human capital that Salvatore Ferragamo has in every corner of the globe.

Leonardo Ferragamo, Salvatore Ferragamo S.p.A. Chairman

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2021
ANNUAL REPORT

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