Climate Change Data

Ermenegildo Zegna N.V.

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:26,452 tCO2e (location-based) / 20,203 tCO2e (market-based)
Scope 1 Emissions:7,864 tCO2e
Scope 2 Emissions:18,588 tCO2e (location-based) / 12,339 tCO2e (market-based)
Scope 3 Emissions:253,907 tCO2e
Renewable Energy Share:46% of total energy use
Total Energy Consumption:349,472 GJ
Water Consumption:541 ML withdrawn / 451 ML discharged
Waste Generated:1,164 tons
Carbon Intensity:0.018 tCO2e/k€ revenue (market-based)

ESG Focus Areas

  • Climate Change
  • Diversity, Equity & Inclusion
  • Governance
  • Sustainable Sourcing
  • Circularity
  • Biodiversity

Environmental Achievements

  • Increased electricity purchased from renewable sources from 22% to 46%
  • Increased certified traceable and lower-impact raw materials from 16% to 25% of top priority raw materials
  • Launched Oasi Cashmere collection aiming for 100% certified traceable cashmere fiber by 2024
  • Oasi Zegna received Biodiversity Conservation Award and FSC® certification

Social Achievements

  • 69% engagement rate from employees’ DE&I survey
  • Accademia dei Mestieri ready for launch
  • Appointment of DE&I Officer
  • Welcomed 23 Ukrainian refugees into factories

Governance Achievements

  • Assigned oversight of ESG strategy to the Board
  • Approved top executives’ long-term incentives linked to ESG targets
  • SBTi verified Ermenegildo Zegna NV’s net-zero target by 2050

Climate Goals & Targets

Long-term Goals:
  • Net-zero emissions by 2050
Medium-term Goals:
  • 90% Made in Italy supply of yarns & fabrics by 2025
  • 50% content of plastics from recycling in B2C packaging by 2025
  • Achieve net-zero greenhouse gas emissions across the value chain by 2050
Short-term Goals:
  • 50% of top priority raw materials traced to origin and from lower-impact sources by 2026
  • 100% electricity from renewable sources in Europe & US by 2024
  • 100% fully electric or plug-in hybrid corporate vehicles by 2025
  • 80% of employees with DE&I training completed by 2023

Environmental Challenges

  • Physical climate risks (higher temperatures, droughts, water stress) reducing raw material quantity/quality
  • Increased frequency/intensity of weather events causing business interruptions
  • Emerging climate-related regulations hindering market entry/raising compliance costs
Mitigation Strategies
  • Investing in R&D for sustainable materials
  • Using renewable energy and implementing sustainable processes
  • Aligning governance, strategy, and risk management to TCFD recommendations

Supply Chain Management

Supplier Audits: 20 out of 433 Tier 1 suppliers audited in 2022 (5%)

Responsible Procurement
  • Supplier Code of Conduct
  • PRSLs and MRSLs
  • ZDHC guidelines

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather
  • Droughts
  • Water stress
Transition Risks
  • Regulatory changes
Opportunities
  • Development of energy-efficient products and sustainable materials

Reporting Standards

Frameworks Used: GRI, SASB

Certifications: ISO 45001 (In.Co S.p.A. sites), FSC® (Oasi Zegna)

Third-party Assurance: Deloitte & Touche S.p.A. (limited assurance)

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Oasi Cashmere
  • #UseTheExisting collection

Awards & Recognition

  • WWD Award for Menswear Designer of the Year (Alessandro Sartori)
  • Biodiversity Conservation Award (Oasi Zegna)
  • CFDA Menswear Designer of the Year Award (Thom Browne)