Building on its commitment towards a sustainable future and in line with the level of decarbonization needed to prevent the most damaging effects of climate change, Salvatore Ferragamo Group has set science-based targets to reduce greenhouses gas (GHG) emissions. Two significant goals to achieve by 2029 and approved by the Science Based Targets initiative:
- Reduce absolute scope 1 and scope 2 GHG emissions 42% by 2029 from a 2019 base year;
- Reduce absolute scope 3 GHG emissions from purchased goods and services and downstream transportation and distribution 42% by 2029 from a 2019 base year.
Formed by CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF), the Science Based Targets initiative defines and promotes best practice in science-based target setting and independently assesses companies’ targets.