Salvatore Ferragamo

Salvatore Ferragamo's Climate Commitments and Emissions Overview

Salvatore Ferragamo, a luxury fashion retailer headquartered in Italy, is actively engaged in reducing its environmental impact. The company has set ambitious Science-Based Targets (SBTi) aimed at achieving net-zero emissions by 2050.

Emissions Data:

• 2025: Total emissions were approximately 127,799,000 kg CO2e. This includes Scope 1 emissions of about 1,154,000 kg CO2e and Scope 3 emissions of approximately 126,645,000 kg CO2e. Scope 2 emissions were reported as 0 kg CO2e using the market-based method, while the location-based method indicated approximately 13,813,000 kg CO2e.
• 2024: The company reported total emissions of about 132,280,000 kg CO2e. Scope 1 emissions were approximately 1,092,000 kg CO2e, and Scope 3 emissions totalled around 130,815,000 kg CO2e. Scope 2 emissions were 382,000 kg CO2e (market-based), with location-based Scope 2 emissions at approximately 14,533,000 kg CO2e.
• 2023: Total emissions for 2023 were approximately 158,230,000 kg CO2e. Scope 1 emissions amounted to about 1,128,000 kg CO2e, and Scope 3 emissions reached approximately 154,008,000 kg CO2e. Scope 2 emissions were 3,095,000 kg CO2e (market-based) and approximately 14,634,000 kg CO2e (location-based).
• 2022: The company reported Scope 1 emissions of approximately 1,122,000 kg CO2e and Scope 2 emissions of 10,256,000 kg CO2e (market-based) and 11,952,000 kg CO2e (location-based). Scope 3 emissions for this year were approximately 269,793,000 kg CO2e.
• 2021: Total emissions were approximately 232,634,000 kg CO2e, with Scope 1 emissions at about 1,112,000 kg CO2e and Scope 2 emissions at 10,332,000 kg CO2e (market-based) and 12,122,000 kg CO2e (location-based).
• 2020: Scope 1 emissions were approximately 919,000 kg CO2e. Scope 2 emissions from purchased electricity were around 11,779,000 kg CO2e. Scope 3 emissions, specifically for business travel, purchased goods and services, and downstream transportation and distribution, were reported.
• 2019: Total emissions were approximately 345,264,605 kg CO2e. This includes Scope 1 emissions of approximately 1,321,000 kg CO2e and Scope 2 emissions of 10,928,000 kg CO2e (market-based) and 14,131,000 kg CO2e (location-based). Significant Scope 3 emissions were recorded in categories such as capital goods, purchased goods and services, and downstream transportation and distribution.
• 2018: Scope 1 emissions were approximately 1,034,000 kg CO2e, and Scope 2 emissions totalled around 12,517,000 kg CO2e. Scope 3 emissions were reported as approximately 2,832,000 kg CO2e, primarily from business travel.
• 2017: Scope 1 emissions were approximately 1,327,000 kg CO2e, and Scope 2 emissions were around 10,404,000 kg CO2e. Scope 3 emissions were reported as approximately 3,132,000 kg CO2e, mainly from business travel.
• 2016: Scope 1 emissions were approximately 1,172,340 kg CO2e, Scope 2 emissions were about 10,219,901 kg CO2e, and Scope 3 emissions totalled approximately 3,340,100 kg CO2e.

Climate Commitments and Reduction Targets:

Salvatore Ferragamo has demonstrated a strong commitment to climate action, evidenced by its adherence to Science-Based Targets (SBTi). Key commitments include:

• Net-Zero by 2050: The company aims to achieve net-zero greenhouse gas emissions across its entire value chain by 2050.
• Near-Term Reductions:
  • A 42% reduction in absolute Scope 1 and Scope 2 GHG emissions by 2030, compared to a 2019 baseline.
  • A commitment to 100% renewable energy in all its offices by 2030.
  • A commitment to reduce absolute Scope 3 GHG emissions (specifically from purchased goods and services, upstream and downstream transportation and distribution) by 42% by 2030 from a 2023 base year.
• SBTi Alignment: The company's targets are validated by the SBTi, ensuring they are consistent with the reductions needed to keep global warming to 1.5°C.

These emissions data and reduction targets are reported for Salvatore Ferragamo Group, with data inherited from its parent company, Salvatore Ferragamo S.p.A.