Climate Change Data

Environmental Metrics

ESG Focus Areas

• Carbon Emission Reduction
• Sustainable Materials with Focus on Leather
• Circular Economy and Recycling
• Supply Chain Transparency and Local Focus
• Foster Diversity & Inclusion

Environmental Achievements

• 42% reduction in absolute Scope 1 and Scope 2 GHG emissions by 2029 compared to 2019 (Science Based Targets)
• 42% reduction in absolute Scope 3 GHG emissions from the purchase of goods and services and downstream transport and distribution by 2029 compared to 2019 (Science Based Targets)
• Meeting 100% of energy needs with renewable energy by 2030
• Use of at least 25% climate-friendly raw materials by 2025
• Elimination of problematic and unnecessary plastics in B2C packaging by 2025 and in B2B packaging by 2030
• 50% of all necessary plastic packaging made of 100% recycled material by 2025 for B2C and by 2030 for B2B
• increasing circularity performance of materials and products by creating value from reuse, recycling and recovery by 2026
• strengthening supply chain monitoring processes and promoting collaboration with suppliers to develop shared ESG projects by 2026
• defining a strategy related to water resource management, including the use of chemicals to phase out water use by 2029
• supporting zero deforestation and sustainable forest management by developing the Ferragamo Biodiversity Strategy by 2025

Social Achievements

• developing and empowering people through an equitable talent pipeline by 2026
• spreading a culture of diversity, inclusion and equal opportunities by 2026
• embedding inclusion in social processes, policies and practices by 2026
• Inclusion Policy, which enshrines the Group’s commitment to promoting and protecting the values of inclusion in the performance of all corporate activities
• specific diversity and inclusion KPIs among the ESG objectives of the LTI Plan

Governance Achievements

• updated the whistleblowing procedure and related regulations in accordance with the provisions of Legislative Decree No. 23/2024 implementing Directive (EU) 2019/1937
• updated the Internal Dealing Procedure, the Regulations for Internal Management of Material Information and Inside Information and External Disclosure of Inside Information and the Procedure for Maintaining and Updating the Register of Persons with Access to Inside and Material Information
• updated the Procedure for the Management of Related Party Transactions
• updated the “ERM Framework” Policy, containing the methodological references and guidelines for the governance of the Group’s Enterprise Risk Management (ERM) system
• adopted a cyber risk management policy through the establishment of an ad hoc committee
• strengthening of the role of the regulatory compliance function
• adoption of a policy for liquidity management
• adoption of a policy for the crisis management
• adhesion to the Cooperative Compliance model
• updated Statement on Modern Slavery
• revision of its organisation, management and control model, adopted pursuant to Legislative Decree 231/2001
• approval of Model 231 and the revision of the Code of Ethics
• improved and made transparent the Remuneration Policy

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Suppliers’ Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Corporate Governance Code of listed companies approved in December 2019 by the Corporate Governance Committee

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Responsible Sourcing
• Ethical Sourcing
• Environmental Stewardship
• Social Responsibility
• Human Rights
• Supply Chain Transparency
• Animal Welfare
• Biodiversity
• Circular Economy
• Anti-Corruption
• Compliance

Environmental Achievements

• Implementation of internal guidelines on preferred materials with lower environmental impact (organic cotton, regenerated nylon, recycled wool, etc.)
• Commitment to eliminating virgin plastic from single-use packaging
• Adoption of Ferragamo Link platform for managing information and documents with suppliers to improve supply chain transparency

Social Achievements

• Supplier Code of Conduct signed by suppliers, outlining ethical principles and rules for labor rights, human rights, and environmental respect
• Implementation of training programs on Code of Ethics, human rights, and social responsibility
• Establishment of a Whistleblowing Policy and system for reporting violations
• Commitment to supporting local communities and promoting Italian manufacturers

Governance Achievements

• Establishment of a governance framework with defined roles and responsibilities for responsible sourcing initiatives
• Board of Directors oversight of sustainability initiatives
• Control and Risks Committee responsible for corporate sustainability
• Ethics Committee for managing reports of violations
• ESG Steering Committee for guiding and overseeing the Sustainability Plan
• Implementation of an Anti-Corruption Policy and compliance training

Climate Goals & Targets

Environmental Challenges

• Ensuring compliance with ethical standards and regulations throughout the supply chain
• Managing potential environmental and social risks associated with sourcing materials
• Maintaining traceability of materials and products

Mitigation Strategies

• Regular audits conducted by external companies
• Supplier Code of Conduct and qualification process
• Ferragamo Link platform for improved communication and monitoring
• Risk assessment and due diligence activities
• Monthly monitoring meetings to track progress against sustainability targets
• Disciplinary measures for violations

Supply Chain Management

Supplier Audits: Regular audits conducted by specialized external companies, including self-assessments and on-site audits.

Responsible Procurement

• Supplier Code of Conduct
• Ferragamo Link platform
• Qualification process for direct suppliers
• Monitoring system for compliance

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Sustainable Development Goals (SDGs), The Fashion Pact, ISO 37001:2016 (Anti-corruption)

Certifications: SA 8000 (Italian perimeter), GOTS (organic cotton), OCS (organic cotton), Leather Working Group (LWG)