Otb

OTB, a company in the wearing apparel and furs industry headquartered in Italy, has reported its carbon emissions for several years.

In 2024, OTB's total GHG emissions were approximately 293.6 million kg CO2e. This comprised around 4.2 million kg CO2e for Scope 1, approximately 5.5 million kg CO2e for Scope 2 (market-based), and roughly 283.9 million kg CO2e for Scope 3. The most significant contributor to Scope 3 emissions in 2024 was purchased goods and services, accounting for about 182 million kg CO2e.

Prior to this, in 2023, OTB's total emissions amounted to approximately 424.5 million kg CO2e. Scope 1 emissions were around 6.1 million kg CO2e, Scope 2 (market-based) were about 6.2 million kg CO2e, and Scope 3 emissions were approximately 412.3 million kg CO2e. Purchased goods and services were again the largest component of Scope 3, at approximately 240.7 million kg CO2e.

In 2022, OTB reported total emissions of approximately 434.2 million kg CO2e, with Scope 1 at about 6.1 million kg CO2e, Scope 2 (market-based) at approximately 6.5 million kg CO2e, and Scope 3 at roughly 422.1 million kg CO2e. Purchased goods and services constituted the largest portion of Scope 3, at approximately 274 million kg CO2e.

The company's climate commitments include a Science Based Target initiative (SBTi) validated target to reduce absolute Scope 1 and 2 GHG emissions by 51% by 2030, compared to a 2019 baseline. OTB also aims to increase its sourcing of renewable electricity from 0% in 2019 to 80% by 2025. Furthermore, OTB is committed to reducing its Scope 3 GHG emissions from purchased goods and services and upstream and downstream transportation and distribution by 55% per ton of raw material purchased by 2030, also from a 2019 base year. These targets are consistent with keeping warming to 1.5°C.