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 61 is higher than 97% 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 2023, Salvatore Ferragamo reported total greenhouse gas emissions of approximately 159,000,000 kg CO2e, comprising 1,128,000 kg CO2e from Scope 1, 14,634,000 kg CO2e from Scope 2, and a significant 144,102,000 kg CO2e from Scope 3 emissions. This marks a notable increase in Scope 3 emissions compared to 2022, where total emissions were about 269,793,000 kg CO2e, with Scope 1 and 2 emissions at 11,220,000 kg CO2e and 11,952,000 kg CO2e, respectively. Ferragamo has set ambitious climate commitments, aiming for a 42% reduction in absolute Scope 1 and Scope 2 greenhouse gas emissions by 2029, using 2019 as the baseline year. This target aligns with the Science-Based Targets initiative, reflecting the company's commitment to sustainable practices. Additionally, Ferragamo plans to achieve 100% renewable energy in all its offices by 2030, further enhancing its climate strategy. The company is actively working to reduce its Scope 3 emissions, particularly from purchased goods and services, and downstream transportation and distribution, also targeting a 42% reduction by 2029. These initiatives demonstrate Ferragamo's dedication to addressing its carbon footprint and contributing to global climate goals.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Scope 3 | 3,340,100 | 0,000,000 | 0,000,000 | 0,000,000 | 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.
