Climate Change Data

The ID Factory Srl Società Benefit Unipersonale

Climate Impact & Sustainability Data (2022, 2023)

Reporting Period: 2022

Environmental Metrics

ESG Focus Areas

  • Traceability
  • Inclusive Organization
  • Community Support

Environmental Achievements

  • Planted 660 trees and absorbed 124,86 tons of CO2 through partnership with Treedom.
  • 33% reduction in onboarding of new supply chain actors (10% reduction in factories, 47% reduction in material suppliers) while increasing the number of materials handled (bloom foam, yarn, and fabric raw material).

Social Achievements

  • 100% brand retention rate.
  • Implementation of a volunteering policy.
  • Organization of various training courses, webinars, and free digital events on traceability and sustainability.
  • Implementation of internal initiatives to improve work-life balance, increase motivation and satisfaction, and reduce CO2 emissions and absenteeism (Power Walking, ID Days, Tutoring Hour, How the world sees you, Fuck Hour, Culture Meeting, Personal Growing, Sharing company results).

Governance Achievements

  • Achieved a B Corp certification with a score of 100.1 out of 200.
  • Formal commitment to climate neutrality by 2050 through the Co2alizione initiative and integration of this goal into the company statute.

Climate Goals & Targets

Long-term Goals:
  • Achieve carbon neutrality by 2050.
Medium-term Goals:
  • Participation in the UNECE Sustainability Pledge and contribution to CIRPASS.
  • Participation in other European initiatives to support students and raise awareness about the EU Strategy for Sustainable and Circular Economy in the fashion industry.
Short-term Goals:
  • Engage new brands.
  • Increase the number of brands using the Digital Product Passport and guarantee complete transparency.

Environmental Challenges

  • Mindset of users in a sector with strong tradition presents obstacles to technology adoption.
  • Lack of transparency in the fashion industry, with limited information available beyond tier 2 and tier 3 suppliers.
Mitigation Strategies
  • Development of a Digital Product Passport platform to increase transparency and traceability.
  • Engagement of 17 international brands and over 600 stakeholders in the traceability process.
  • Continuous improvement of the DIGITAL ID, a blockchain-integrated solution for fashion traceability.

Supply Chain Management

Responsible Procurement
  • Digital Product Passport

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: B Corp

Certifications: B Corp

Sustainable Products & Innovation

  • Digital Product Passport

Reporting Period: 2023

Environmental Metrics

ESG Focus Areas

  • Traceability
  • Inclusive Organization
  • Community Support

Environmental Achievements

  • Reduced CO2 emissions through remote work options (quantified data not provided)
  • Participation in Laguna Pulita Project cleaning the Venice Lagoon

Social Achievements

  • Maintained 100% employee retention rate
  • Implemented remote work policy improving work-life balance and reducing CO2 emissions
  • Organized team-building activities (ID Days) fostering team cohesion and collaboration
  • Participated in various sustainability awareness and traceability events

Governance Achievements

  • Achieved B Corp certification with a score of 100.1 out of 200
  • Joined CO2alizione for Europe committing to carbon neutrality by 2030

Climate Goals & Targets

Long-term Goals:
  • Achieve carbon neutrality by 2030
Medium-term Goals:
  • Formalize carbon neutrality goal in company statute by 2030
Short-term Goals:
  • Develop a comprehensive human resources policy
  • Achieve a B Corp score of 110 points

Environmental Challenges

  • Lack of transparency in the fashion industry, particularly beyond tier 2 and tier 3 suppliers
  • Collecting sustainability data along production chains
Mitigation Strategies
  • Developed 'Mapping and Trace' and 'Multi-Tier Traceability' modules to enhance platform capabilities
  • Engaged 20 international brands and over 800 stakeholders in traceability process
  • Created YHub Group to address sustainability challenges in fashion and luxury industries

Supply Chain Management

Responsible Procurement
  • Digital ID for product traceability

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: B Corp

Certifications: B Corp

UN Sustainable Development Goals

  • SDG 5
  • SDG 8
  • SDG 16

Human Resources Policy aimed at enhancing employee well-being and promoting diversity and inclusion

Sustainable Products & Innovation

  • Traceability platform