TOD'S Group
Climate Impact & Sustainability Data (2022-2023)
Reporting Period: 2022-2023
Environmental Metrics
Total Carbon Emissions:137,485 tCO2e (2023)
Scope 1 Emissions:1,763 tCO2e (2023)
Scope 2 Emissions:12,412 tCO2e (2023)
Scope 3 Emissions:123,311 tCO2e (2023)
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Climate Change
- Governance
- Sustainability
Environmental Achievements
- Extended monitoring of greenhouse gas emissions to include indirect activities (Scope 3) in 2022.
- Launched activities to develop a multi-year Decarbonization Strategy.
Social Achievements
- Remuneration policy linked to ESG performance objectives, including climate change, for executive directors and some top/middle management.
- 2023-2025 Sustainability Plan approved by the Board of Directors on March 6, 2023.
Governance Achievements
- Board of Directors expanded its scope to include key role in defining and supervising corporate policies related to ESG issues, including climate change.
- Established a Control Committee within the Board of Directors with responsibilities for sustainability issues.
- Created a Sustainability & Corporate Social Responsibility Function reporting directly to the CEO.
Climate Goals & Targets
Long-term Goals:
- Reduce Scope 1, 2 and 3 CO2 emissions by 2034 (with a 2023 baseline), in line with a 1.5°C warming scenario.
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Physical climate risks: extreme weather events, precipitation patterns, sea-level rise, heat stress, heat waves, changing wind patterns, drought, forest fires, precipitation stress.
- Transitional climate risks: carbon pricing schemes, regulatory requirements for emissions reporting, climate litigations, tightening regulations on raw materials, technology investments, market changes, reputational damage.
Mitigation Strategies
- Adopted insurance policies that include multiple climate-related risks.
- Strengthening energy autonomy by pursuing the transition to renewable energy sources.
- Implementing preventive measures to protect facilities from extreme weather events, rising sea levels, and droughts (e.g., adapting buildings, developing contingency plans, diversifying production sites and supply chain).
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
- Precipitation patterns
- Sea level rise
- Heat stress
- Heat waves
- Changing wind patterns
- Drought
- Forest fires
- Precipitation stress
Transition Risks
- Carbon pricing schemes
- Regulatory requirements for emissions reporting
- Climate litigations
- Tightening regulations on raw materials
- Technology investments
- Market changes
- Reputational damage
Opportunities
- Cost reduction
- Energy shock resilience
- Reputation, competitiveness, innovation
- Regulatory compliance
- Increase in property value
- Major sources of revenue
- Crisis resilience, adaptability
- Resource efficiency
- Use of renewable energy sources
- Public incentives
- New technologies
- Carbon credit market participation
- Decentralised energy generation
- Development of low-emission products and services
- Revision of product range
- Climate change adaptation and risk insurance solutions
- Circular business models
- Access to new markets
- Private incentives
- Diversification of supply chain
- Replacement/diversification of resources
Reporting Standards
Frameworks Used: TCFD
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Low-emission products and services
Awards & Recognition
- Not disclosed