The Armani Group has announced its aim to reduce greenhouse gas (GHG) emissions by 50% by 2030, approved by the Science Based Targets initiative (SBTi) in Milan.
The targets that have been set are deemed consistent with the goal of limiting global warming to below 1.5°C, as envisioned by the Paris Agreement, which seeks to limit the negative impacts of climate change.
Giorgio Armani said: “Fighting climate change is a very complex undertaking that requires great dedication and must cover the entire production process. The concept of sustainability, in fact, must be adopted across the board, by producing less and better, selecting raw materials with a low environmental impact, constantly implementing innovative processes, reducing waste and rejects, using renewable energy sources and, in this way, reducing emissions that are harmful for our planet.
“Therefore, I am particularly proud of this important step, which testifies to the group’s determination to continue along the path it has undertaken.”
The objectives set by the Armani Group are:
• Reduce absolute scope 1 and 2 GHG emissions 50% by 2030 from a 2019 base year.
• Reduce absolute scope 3 GHG emissions from purchased goods and services and downstream transportation and distribution 42% by 2029 from a 2019 base year.
The SBTi is a collaborative partnership between the Climate Disclosure Project (CDP), the United Nations Global Compact (UNGC), the World Resources Institute (WRI) and the World Wide Fund for Nature (WWF), which encourages and recognises companies that have made a public commitment to reduce GHG emissions, ensuring the transition to a low-carbon economy.