Sustainability Plan

SUSTAINABILITY PLAN

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

The numerous expressions of the Group’s sustainability journey are based on an approach focused on transparency, integrity, and responsibility, with the aim of engaging stakeholders in the economic, social, and environmental goals of its operations.

Since 2017, the Group has adopted a Sustainability Plan, updated annually, with the objective of creating a shared global vision of the direction undertaken and of promoting a culture of sustainability guided by respect, protection, and the pursuit of excellence. The Plan aims to map the achievement of the set goals and to integrate new challenges for future development.

ESG Building Block	ID	Target	Timing
MOVING TOWARDS ZERO EMISSIONS	0	Achieve net zero by 2050, with Science Based Targets (SBTs) for Scope 1, 2 and 3 emissions based on a 2023 baseline	2050
	1	2025 Results: • -5.0% vs 2023 in Scope 1 and 2 CO₂e emissions	2029
	2	2025 Results: • -17.8% vs 2023 in Scope 3 CO₂e emissions	2029
	3	2025 Results: • 100% of the Group’s electricity consumption comes from renewable sources through the purchase of certified electricity backed by Guarantees of Origin	2030
FORESTING MATERIALS INNOVATIONS	4	2025 Results: • 81% by weight of key raw materials (leather, silk, cotton, viscose, wool, polyester and nylon) certified according to leading sustainability standards, including GOTS, GRS and FSC • 99.4% by weight of purchased leather sourced from LWG-certified tanneries, of which 83% by weight came from Gold- or Silver-rated tanneries (the highest certification levels)	2025
	5	2025 Results: • More than 90% of packaging is made from natural materials such as paper and cotton	2027
	6	2025 Results: • Participation in the Monitor for Circular Fashion initiative through the presentation of the Nova shoulder bag, the result of a redesign process of the iconic Star-shaped tote bag aimed at maximizing the use of renewable and bio-based materials, reversibility and ease of disassembly	2027
LEADING A RESPONSIBLE VALUE CHAIN	7	2025 Results: • 97% of supplier turnover comes from Italian suppliers, and 50% of finished product suppliers are based in Tuscany • Engaged 3 key suppliers in 4 Life Cycle Assessments (LCAs) on key materials (3 leather types and 1 cotton type), providing non-financial support to address the main hotspots identified, particularly carbon emissions	2027
	8	2025 Results: • 52% of the value of leather and 51% of the value of fabrics assessed were sourced from suppliers certified under the ZDHC Supplier to Zero programme	2027
	9	2025 Results: • 7 farms in Tuscany supported in raising more than 150 animals belonging to 4 native Tuscan cattle breeds at risk of extinction, based on scientific research conducted in collaboration with the University of Florence and the Tuscany Region	2027
EMPOWERING OUR PEOPLE	10	2025 Results: • More than 30 employer branding initiatives with leading universities and fashion schools • Launch of the Ferragamo Learning Academy, engaging over 50% of the target population through the People Manager Program and strengthening a culture of continuous learning through soft-skills development paths • 98.6% of employees participated in the performance evaluation process	2027
	11	2025 Results: • 50.7% of top management positions and 60.2% of all managerial roles held by women • Adjusted Gender Pay Gap reduced to 2.3%, with the objective of closing it by 2030 • Achieved UNI/PdR 125:2022 Gender Equality Certification in Italy and Fair Pay Analyst certification globally	2027
	12	2025 Results: • Promoted wellbeing, inclusion and belonging through initiatives focused on fitness, empowerment and parenting, organized by Employee Resource Groups (ERGs) • Relaunched corporate volunteering activities in Italy in partnership with Angeli del Bello	2027
CREATING VALUE FOR GLOBAL COMMUNITIES	13	2025 Results: • Equipment donated to the Psychiatry Department of Fondazione Meyer, supporting 300 young people annually; support provided to the Italian American Cancer Foundation; and more than 40,000 t-shirts distributed for the 23rd edition of CORRI LA VITA • More than 1,400 students engaged through the Ferragamo Museum and Fondazione Ferragamo • Continued support for cultural institutions, including Fondazione Palazzo Strozzi and the Statue of Liberty & Ellis Island Foundation.	2027
CREATING VALUE FOR GLOBAL COMMUNITIES	14	2025 Results: • On Earth Day 2025, launched the communication campaign for the Back to Earth capsule collection, featuring organic, bio-based and innovative materials	2027

2025

Ferragamo ranked among top 10 Italian companies – 1st in the Textile sector – in Europe’s Climate Leaders List by Financial Times and Statista
Launch of Back To Earth capsule collection, featuring organic, bio-based and innovative materials
New Net Zero by 2025 and F.L.A.G. targets approved by the Science Based Target Initiative (SBTi)
Collaboration with the University of Florence to protect endemic Tuscan cattle breeds in danger of extinction

2024

Integration into the Euronext MIB ESG Index
Re-confirmation of A- score in CDP Climate Change, with placement in leadership group
First submission of CDP Water Security Module with B score achievement
42% reduction of emission intensity index (2024 VS 2022)
Over 99% of leather supplier turnover from Leather Working Group-certified tanneries
Launch of first circularity hackaton - From Sustainable Thinking To Sustainable Acting - engaging over 60 employees and inspiring them to rethink 6 iconic products

2023

Achievement of score A- in CDP Climate Change
Ferragamo is recognized by CDP as 2023 Supplier Engagement Leader
Signing of a Collective Virtual Power Purchase Agreement (CVPPA) as part of the Fashion Pact
Participation to the Monitor For Circular Fashion in collaboration with SDA Bocconi Sustainability Lab
Five scholarships awarded to young women around the world as part of the Wanda Ferragamo Scholarship project

2022