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 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 Scope 1 emissions of about 1,092,000 kg CO2e, Scope 2 emissions of approximately 382,000 kg CO2e (market-based), and a significant Scope 3 contribution of around 130,815,000 kg CO2e. The previous year, 2023, saw total emissions of about 158,230,000 kg CO2e, with Scope 1 at 1,128,000 kg CO2e, Scope 2 at approximately 3,095,000 kg CO2e (market-based), and Scope 3 at around 154,008,000 kg CO2e. 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 is part of their Science-Based Targets initiative (SBTi) commitments. Additionally, they plan to achieve net-zero emissions across their value chain by 2050, with interim targets of a 42% reduction in Scope 3 emissions, which include purchased goods and services, by 2030. 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 |
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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.
Top Scope 3 Categories
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.
