Salvatore Ferragamo
Salvatore Ferragamo S.p.A., commonly known as Ferragamo, is a prestigious Italian luxury brand headquartered in Florence, Italy. Founded in 1927, the company has established itself as a leader in the fashion industry, renowned for its exquisite craftsmanship and innovative designs. Ferragamo primarily operates in the footwear, leather goods, and ready-to-wear sectors, offering a unique blend of style and comfort that sets it apart from competitors. With a rich heritage marked by key milestones, including the introduction of the iconic "Vara" shoe, Ferragamo has garnered a loyal global clientele. The brand's commitment to quality and artistry has solidified its market position, making it a symbol of luxury and sophistication. Today, Ferragamo continues to thrive in major operational regions, including Europe, Asia, and the Americas, while remaining dedicated to its legacy of excellence.
DitchCarbon Score
How does Salvatore Ferragamo'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
Salvatore Ferragamo's score of 82 is higher than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Salvatore Ferragamo's reported carbon emissions
In 2024, Salvatore Ferragamo reported total carbon emissions of approximately 132,288,000 kg CO2e. This figure includes 1,092,000 kg CO2e from Scope 1 emissions, 3,820,000 kg CO2e from Scope 2 emissions (market-based), and a significant 130,815,000 kg CO2e from Scope 3 emissions. The Scope 3 emissions breakdown reveals major contributions from purchased goods and services (about 88,032,000 kg CO2e) and upstream transportation and distribution (approximately 15,499,000 kg CO2e). In 2023, the company recorded total emissions of about 158,230,000 kg CO2e, with Scope 1 emissions at 1,128,000 kg CO2e, Scope 2 emissions at 3,095,000 kg CO2e (market-based), and Scope 3 emissions reaching approximately 154,008,000 kg CO2e. This indicates a reduction in total emissions from 2023 to 2024. Salvatore Ferragamo has set ambitious climate commitments, aiming for a 42% reduction in absolute Scope 1 and Scope 2 GHG emissions by 2029, compared to a 2019 baseline. This target is part of their Science-Based Targets initiative (SBTi) commitments. Additionally, they are working towards achieving net-zero emissions across all scopes by 2050, with interim targets of a 90% reduction in Scope 1 and Scope 2 emissions by 2050. The company is also committed to using 100% renewable energy in all its offices by 2030. These initiatives reflect Ferragamo's dedication to sustainability and reducing its carbon footprint in the luxury goods sector. The emissions data and targets are cascaded from their parent company, Salvatore Ferragamo S.p.A., ensuring alignment with broader corporate sustainability goals.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 1,172,340 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 10,219,901 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 000,000 |
| Scope 3 | 3,340,100 | 0,000,000 | 0,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 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.
Salvatore Ferragamo is participating in some of the initiatives that 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.
