Valextra Spa, a prestigious Italian luxury brand, is headquartered in Milan, Italy, and operates primarily in Europe, Asia, and the Americas. Founded in 1937, Valextra has established itself in the high-end leather goods industry, renowned for its exquisite craftsmanship and timeless designs. The company is celebrated for its unique approach to luxury, offering a range of products including handbags, travel accessories, and small leather goods, all characterised by minimalist aesthetics and innovative functionality. Valextra's commitment to quality and attention to detail have positioned it as a leader in the luxury market, with notable achievements such as collaborations with renowned designers and a loyal clientele. The brand's dedication to artisanal techniques and sustainable practices further enhances its reputation, making Valextra a distinguished name in the world of luxury fashion.
How does Valextra Spa'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.
Mean score of companies in the 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.
Valextra Spa's score of 21 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Valextra Spa, headquartered in Italy, has set ambitious climate commitments aimed at significantly reducing its carbon emissions. Although specific emissions data for the most recent year is not available, the company has established a target to reduce its Scope 1 and Scope 2 greenhouse gas (GHG) emissions by 46% by 2030, using 2019 as the baseline year. This target has been validated through the Science Based Targets initiative (SBTi), ensuring alignment with the global goal of limiting temperature rise to 1.5°C. Valextra Spa's commitment includes not only the reduction of direct emissions (Scope 1) and indirect emissions from energy consumption (Scope 2) but also a pledge to measure and address its Scope 3 emissions, which encompass the entire value chain. This comprehensive approach reflects the company's dedication to sustainability within the textiles, apparel, footwear, and luxury goods sector. As a small to medium-sized enterprise, Valextra Spa's targets are particularly noteworthy, demonstrating a proactive stance in climate action and contributing to broader industry efforts to mitigate climate change.
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.
Valextra Spa 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.