Morellato Group
Morellato Group, headquartered in Italy, is a distinguished leader in the luxury jewellery and watch industry. Founded in 1930, the company has evolved into a prominent player, renowned for its exquisite craftsmanship and innovative designs. With a strong presence in Europe and expanding operations globally, Morellato Group offers a diverse range of products, including fine jewellery, watches, and accessories that blend tradition with contemporary style. The brand is celebrated for its unique approach to materials and design, ensuring each piece resonates with elegance and sophistication. Morellato Group has achieved significant milestones, including collaborations with renowned designers and a commitment to sustainability, solidifying its market position. As a trusted name in luxury, Morellato Group continues to captivate customers with its dedication to quality and artistry.
DitchCarbon Score
How does Morellato Group's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Retail Trade Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Morellato Group's score of 25 is higher than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Morellato Group's reported carbon emissions
In 2023, Morellato Group reported total carbon emissions of approximately 5,638,700 kg CO2e. This figure includes 546,910 kg CO2e from Scope 1 emissions, which encompass direct emissions from mobile and stationary combustion sources. The majority of their emissions, about 5,091,790 kg CO2e, fall under Scope 2, primarily from purchased electricity. In 2024, emissions increased to approximately 7,944,180 kg CO2e, with Scope 1 emissions rising to 2,034,110 kg CO2e and Scope 2 emissions reaching 9,004,950 kg CO2e. This upward trend indicates a significant rise in energy consumption or operational scale. For 2022, the Group's emissions were reported at about 4,427,350 kg CO2e, with Scope 1 emissions at 472,910 kg CO2e and Scope 2 emissions at 2,811,150 kg CO2e. Despite these figures, Morellato Group has not disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of a climate pledge or SBTi (Science Based Targets initiative) commitments suggests that while the company is tracking emissions, it may not yet have formalised strategies for significant reductions. Overall, Morellato Group's emissions data highlights the need for enhanced climate commitments and reduction strategies to align with global sustainability goals.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 472,910 | 000,000 | 0,000,000 |
| Scope 2 | 3,954,440 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Morellato Group is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
