Climate Change Data

Brunello Cucinelli S.p.A.

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:93,522 tCO2e/year (total, including Scope 3)
Scope 1 Emissions:1,682 tCO2e/year
Scope 2 Emissions:5,418 tCO2e/year (location-based)
Scope 3 Emissions:84,641 tCO2e/year
Renewable Energy Share:47% of total electricity consumed
Total Energy Consumption:80,999 GJ/year
Water Consumption:26.026 ML/year (Italy)
Waste Generated:547.41 tons/year
Carbon Intensity:Reduced emission intensity in 2023

ESG Focus Areas

  • Environmental Sustainability
  • Economic Sustainability
  • Cultural Sustainability
  • Spiritual Sustainability
  • Moral Sustainability
  • Technological Sustainability

Environmental Achievements

  • Approval of emission reduction targets by the Science Based Targets Initiative (SBTi)
  • Improved CDP Climate Change score to A- "Leadership"
  • Achieved a B- "Management" score on the CDP Water Security 2023 Questionnaire for the first time.
  • 100% recycling of cardboard used for packaging "hung clothing"
  • Progressive replacement of the company car fleet with full-electric and hybrid vehicles

Social Achievements

  • Launched the "Beautifying workplaces" project for small craft enterprises
  • Management training for young talent as part of the "Generational Pact"
  • Extension of direct stakeholder engagement to all Group stakeholders
  • Increased number of courses and participants at the School of Contemporary High Craftsmanship and Arts

Governance Achievements

  • Renewal of the Board of Directors in compliance with Italian Stock Exchange recommendations
  • Extension of the ERM Framework to the Chinese subsidiary
  • Updating of the Whistleblowing Procedure

Climate Goals & Targets

Long-term Goals:
  • Reduction of GHG Scopes 1, 2 and 3 emissions by 90% by 2050 compared to 2019
  • Achieving net-zero emissions by 2050
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • 70% reduction in GHG Scopes 1 and 2 emissions by 2028 compared to 2019
  • Reduction of GHG Scope 3 emissions by 22.5% by 2028 compared to 2019

Environmental Challenges

  • Supply chain disruptions due to geopolitical instability
  • Climate change impacts on raw material availability
  • Maintaining brand reputation in a rapidly changing digital landscape
  • Ensuring compliance with evolving ESG regulations
Mitigation Strategies
  • Diversification of sourcing strategies
  • Implementation of a robust ERM framework
  • Proactive stakeholder engagement
  • Continuous improvement of internal controls and compliance programs

Supply Chain Management

Supplier Audits: 384 audits/year

Responsible Procurement
  • Code of conduct
  • Supplier sustainability requirements
  • Framework Agreement

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
  • Flooding
Transition Risks
  • Regulatory changes
  • Market shifts
Opportunities
  • Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI Standards

Certifications: Null

Third-party Assurance: PricewaterhouseCoopers S.p.A. (Limited Assurance)

UN Sustainable Development Goals

  • SDG 3
  • SDG 4
  • SDG 5
  • SDG 7
  • SDG 8
  • SDG 10
  • SDG 11
  • SDG 12
  • SDG 13
  • SDG 15
  • SDG 16

The Group's initiatives contribute to these SDGs through various programs and actions related to Human Sustainability.

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Neiman Marcus Fashion Award for Distinguished Service
  • GQ China Designer of the Year