Climate Change Data

Golden Goose Group

Climate Impact & Sustainability Data (2022, 2023, 2024)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:84,779 tCO2e/year
Scope 1 Emissions:176 tCO2e/year
Scope 2 Emissions:2,804 tCO2e/year
Scope 3 Emissions:81,799 tCO2e/year
Renewable Energy Share:70% (Italy)
Total Energy Consumption:25,832 GJ/year
Water Consumption:Not disclosed
Waste Generated:421.4 tons/year
Carbon Intensity:0.09 tCO2e/m2 (Scope 1 & 2), 0.04 tCO2e/pair of shoes (Scope 3)

ESG Focus Areas

  • Climate Change
  • Restorative Economy
  • Materials Innovation
  • Inclusive Culture
  • Health and Well-being
  • Community Enabler
  • Transparency
  • Responsible Sourcing
  • Digital Evolution

Environmental Achievements

  • Launched Yatay Model 1B, a bio-based sneaker, reducing CO2 emissions by 90% and water consumption by 65% during production compared to conventional leather.
  • Reduced paper consumption at Italian headquarters by 18% compared to 2021.
  • Achieved 95% compliance rate in chemical tests on raw materials and 96% on finished products.
  • 70% of total electricity consumption at company-owned sites in Italy derived from certified renewable sources.

Social Achievements

  • Achieved Top Employer Italy and Top Employer USA certifications.
  • Increased workforce by 25% in 2022.
  • 65% of workforce are women.
  • Launched Move Forward Ideathon to generate innovative and responsible solutions around sustainability issues.
  • Donated approximately €170,000 and 300 hours of volunteering to communities.

Governance Achievements

  • Implemented Model 231 organizational and management model to prevent violations and crimes.
  • Established a Whistleblowing Policy.
  • Defined ESG policies (Human Rights Policy, Health and Safety Policy, Environmental Policy, and Community Empowerment Guidelines).

Climate Goals & Targets

Long-term Goals:
  • Achieve carbon neutrality at company sites worldwide by 2025.
  • Achieve gender equality certification worldwide by 2025.
  • Attain ISO 45001 Health and Safety Certification at offices and stores worldwide by 2025.
Medium-term Goals:
  • Ensure 50% of purchased leather is LWG-certified (gold level) by 2024.
  • Audit 100% of finished product suppliers on social compliance by 2024.
  • Achieve Cradle-to-Cradle Certification for new products by 2025.
  • Trace 100% of key raw materials by 2025.
  • Use 40% low-impact materials in sneakers and 50% in ready-to-wear by 2025.
Short-term Goals:
  • Use 100% FSC paper and reusable, recyclable, or compostable packaging by 2023.
  • Assess 100% of raw material suppliers on social compliance by 2023.
  • Launch a worldwide Helpline for harassment and discrimination by 2023.
  • Open one Forward Store per Region by 2024.
  • Use 100% renewable energy at company-owned facilities worldwide by 2024.

Environmental Challenges

  • Supply chain disruptions due to geopolitical instability and climate events.
  • Resource scarcity.
  • Maintaining high quality and sustainability standards while scaling the business.
Mitigation Strategies
  • Strengthened relationships with suppliers and logistics providers.
  • Enhanced traceability of raw materials.
  • Developed alternative sourcing strategies.
  • Invested in research and development of low-impact materials.
  • Implemented eco-design practices.

Supply Chain Management

Supplier Audits: 62 on-site audits in 2022

Responsible Procurement
  • Code of Ethics
  • Supplier Code of Conduct
  • Social Compliance Framework
  • Animal-Derived Materials Guidelines (in development)
  • Responsible Raw Materials Guidelines (in development)

Climate-Related Risks & Opportunities

Physical Risks
  • Impact on water supply and agricultural/livestock production.
  • Disruptions in manufacturing and distribution.
  • Increased costs due to extreme weather events.
Transition Risks
  • Stricter environmental regulations.
  • Introduction of carbon prices or taxes.
  • Market volatility due to shifts in raw material supply.
  • Failure to adapt to low-carbon technologies.
Opportunities
  • Access to new markets and synergies with industry peers.
  • Improvements in energy efficiency.
  • Transition to renewable energy.
  • Use of alternative raw materials.
  • Development of climate-resilient products and services.

Reporting Standards

Frameworks Used: GRI Standards, SASB Standards, UN Global Compact

Certifications: ISO 45001 (Italian corporate offices), BREEAM (Milan HQs)

Third-party Assurance: KPMG S.p.A. (limited assurance)

UN Sustainable Development Goals

  • Goal 7 (Affordable and Clean Energy)
  • Goal 8 (Decent Work and Economic Growth)
  • Goal 12 (Responsible Consumption and Production)
  • Goal 13 (Climate Action)

Initiatives contribute to these goals through emissions reduction, responsible sourcing, circular economy practices, and community engagement.

Sustainable Products & Innovation

  • Yatay Model 1B bio-based sneaker.

Awards & Recognition

  • Top Employer Italy
  • Top Employer USA

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:75,464 tCO2e/year (market-based)
Scope 1 Emissions:351 tCO2e/year
Scope 2 Emissions:<1 tCO2e/year (market-based)
Scope 3 Emissions:75,113 tCO2e/year
Renewable Energy Share:100% (Company-owned sites)
Total Energy Consumption:37,865 GJ/year
Waste Generated:429.16 tons/year
Carbon Intensity:0.04 tCO2e/pair of shoes manufactured (Scope 3)

ESG Focus Areas

  • Climate Change
  • Diversity, Equity, and Inclusion
  • Responsible Sourcing
  • Community Engagement
  • Circular Economy

Environmental Achievements

  • Achieved Carbon Neutrality for Scope 1 and 2 emissions in Italy.
  • Sourced 100% renewable electricity for Company-owned sites worldwide.
  • Launched Yatay Lab for circular materials research and development.
  • Reduced paper consumption at Italian headquarters by 40% compared to 2022.
  • 95% of leather sourced from LWG-certified suppliers (58% Gold-certified).

Social Achievements

  • Launched Haus of Dreamers, a global cultural platform.
  • Launched Repair and Remake services online.
  • Achieved Gender Equality & Diversity certification in Italy.
  • Implemented a whistleblowing system.
  • Provided over 30,610 training hours (+52% vs 2022).

Governance Achievements

  • Established a robust sustainability governance model.
  • Implemented Model 231 for compliance with Italian Legislative Decree 231/2001.
  • Received low-risk ESG rating from Sustainalytics and B score from CDP Climate Change.
  • Implemented a comprehensive internal control and risk management system.

Climate Goals & Targets

Long-term Goals:
  • Net-zero emissions by 2050 (aligned with SBTi).
Medium-term Goals:
  • Achieve ISO 45001 certification worldwide by 2025.
  • Achieve gender equality certification worldwide by 2025.
  • Trace 100% of key raw materials by 2025.
Short-term Goals:
  • Achieve Carbon Neutrality at sites worldwide by 2025.
  • Use 40% low-impact materials in footwear, 50% in ready-to-wear by 2025.

Environmental Challenges

  • Supply chain disruptions due to climate events and raw material cost increases.
  • Meeting evolving customer preferences for sustainable products.
  • Managing climate-related physical and transition risks.
  • Ensuring responsible sourcing and traceability throughout the supply chain.
  • Maintaining high standards of tax compliance and ethical conduct.
Mitigation Strategies
  • Developed alternative sourcing strategies.
  • Increased use of low-impact materials.
  • Implemented a Social Compliance Framework with supplier audits.
  • Set science-based emissions reduction targets (validated by SBTi).
  • Strengthened internal control and risk management systems.
  • Improved traceability of raw materials.
  • Implemented a comprehensive internal control and risk management system.

Supply Chain Management

Supplier Audits: 164 on-site audits (2022-2023)

Responsible Procurement
  • Social Compliance Framework
  • Supplier Code of Conduct
  • Traceability initiatives
  • Chemical management (PRSL)

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
  • Resource scarcity
Transition Risks
  • Regulatory changes
  • Market shifts
  • Carbon pricing
Opportunities
  • Development of energy-efficient products and services.
  • Access to new markets.
  • Enhanced supply chain resilience.

Reporting Standards

Frameworks Used: GRI Standards, SASB Standards, TCFD

Certifications: UNI ISO 45001:2018 (Italian headquarters and European stores), GEEIS (Italy)

Third-party Assurance: KPMG S.p.A. (limited assurance)

UN Sustainable Development Goals

  • Goal 7 (Affordable and Clean Energy)
  • Goal 8 (Decent Work and Economic Growth)
  • Goal 12 (Responsible Consumption and Production)
  • Goal 13 (Climate Action)

Initiatives contribute to these goals through renewable energy use, responsible sourcing, waste reduction, and emissions reduction.

Sustainable Products & Innovation

  • Yatay Model 1B sneaker

Reporting Period: 2024

Environmental Metrics

ESG Focus Areas

  • Climate change
  • Eco-design and sustainable products
  • Biodiversity and ecosystems
  • Hazardous substances
  • Waste and packaging
  • Water resources

Climate Goals & Targets

Short-term Goals:
  • Carbon neutrality at sites worldwide by 2025

Environmental Challenges

  • Climate-related risks (physical and transition risks)
  • Water-related risks (floods, water scarcity, droughts)
  • Biodiversity loss and deforestation
Mitigation Strategies
  • Science-based mitigation and adaptation measures
  • Increasing use of renewable energy
  • Improving environmental and energy performance of buildings
  • Eco-design practices
  • More efficient logistics practices
  • Green mobility
  • Supplier engagement and monitoring
  • Reducing water consumption and waste
  • Joining ZDHC Programme
  • Careful wastewater management
  • Improving production processes to reduce waste
  • Encouraging reuse and recycling
  • Exploring circular solutions for waste
  • Innovative packaging solutions
  • Reducing waste at offices and retail stores

Supply Chain Management

Responsible Procurement
  • Compliance with PRSL
  • Collaboration with suppliers to meet environmental requirements
  • Monitoring supplier environmental performance
  • Supporting suppliers in defining improvement and mitigation plans

Climate-Related Risks & Opportunities

Physical Risks
  • Floods
  • Droughts

Reporting Standards

Frameworks Used: UNFCCC (including Paris Agreement), Fashion Industry Charter for Climate Action, ZDHC Programme, LWG

Certifications: ISO 14001, ISO 50001, LEED, BREEAM, FSC