Salvatore Ferragamo Sustainability Profile
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 84 is higher than 90% 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, 382,000 kg CO2e from Scope 2 (market-based), and a significant 130,815,000 kg CO2e from Scope 3 emissions. The Scope 3 emissions encompass various categories, with the largest contributions from purchased goods and services (about 88,032,000 kg CO2e) and upstream transportation and distribution (approximately 15,499,000 kg CO2e). In comparison, the 2023 emissions data indicated a total of about 158,230,000 kg CO2e, with Scope 1 emissions at 1,128,000 kg CO2e, Scope 2 emissions (market-based) at 3,095,000 kg CO2e, and Scope 3 emissions reaching approximately 154,008,000 kg CO2e. This reflects 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 greenhouse gas emissions by 2029, using 2019 as a baseline. Additionally, the company has committed to achieving net-zero emissions across all scopes by 2050. Specific targets include a 90% reduction in Scope 1 and Scope 2 emissions by 2050, and a similar 90% reduction in Scope 3 emissions within the same timeframe. These targets are part of the Science-Based Targets initiative (SBTi) and reflect the company's commitment to sustainable practices within the textiles, apparel, footwear, and luxury goods sector. The emissions data and reduction targets are cascaded from the parent company, Salvatore Ferragamo S.p.A.
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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 |
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Salvatore Ferragamo's Scope 3 Categories Breakdown
Salvatore Ferragamo's Scope 3 emissions, which decreased by 15% last year and increased significantly since 2016, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 67% of Scope 3 emissions.
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Salvatore Ferragamo's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Salvatore Ferragamo has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Salvatore Ferragamo's sustainability data and climate commitments