Gruppo Teddy
Gruppo Teddy, a prominent player in the fashion industry, is headquartered in Italy and operates extensively across Europe and beyond. Founded in 2000, the company has established itself as a leader in the design and distribution of affordable, stylish clothing through its well-known brands, including OVS and Benetton. Gruppo Teddy focuses on delivering high-quality apparel for men, women, and children, with a commitment to sustainability and innovation that sets it apart in a competitive market. The company has achieved significant milestones, including expanding its retail presence and enhancing its online platforms, which have contributed to its strong market position. With a reputation for combining contemporary trends with accessibility, Gruppo Teddy continues to shape the fashion landscape while prioritising customer satisfaction and environmental responsibility.
DitchCarbon Score
How does Gruppo Teddy'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
Gruppo Teddy's score of 16 is higher than 69% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Gruppo Teddy's reported carbon emissions
In 2023, Gruppo Teddy reported significant carbon emissions, totalling approximately 944,376,110 kg CO2e across all scopes. This includes 1,379,310 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 424,530 kg CO2e from Scope 2 emissions, related to indirect emissions from the generation of purchased electricity, steam, heating, and cooling. The majority of their emissions, about 944,376,110 kg CO2e, stem from Scope 3, which includes emissions from the entire value chain, such as purchased goods and services, business travel, and waste generated in operations. Gruppo Teddy has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 greenhouse gas emissions by 51% by 2031, using 2019 as the base year. Additionally, they plan to cut Scope 3 emissions from purchased goods and services and franchises by the same percentage per unit of product sold within the same timeframe. These targets align with the science-based targets initiative (SBTi) and are designed to contribute to limiting global warming to 1.5°C. Overall, Gruppo Teddy's proactive approach to managing and reducing carbon emissions reflects a commitment to sustainability and environmental responsibility within the retail sector.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 1,379,310 | 0,000,000 |
| Scope 2 | 698,170 | 000,000 |
| Scope 3 | 859,138,210 | 000,000,000 |
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.
Gruppo Teddy is committed to some 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.
