Italian fashion house, Armani Group has announced its new sustainability goals which involve an overall reduction in greenhouse gas (GHG) emissions. Its goals include reducing absolute scope 1 and 2 GHG emissions 50 per cent by 2030 from a 2019 base year, as well as reducing absolute scope 3 GHG emissions from purchased goods and services and downstream transportation and distribution 42 per cent by 2029 from a 2019 base year. Scope 1 emissions include direct emissions from owned or controlled sources, whereas Scope 2 involves indirect emissions from the generation of purchased electricity, steam, heating and cooling consumed by a company. Scope 3, on the other hand, covers all other indirect emissions that occur in a company's value chain.
The new goals have been put in place in an attempt to follow the Paris Agreement for climate change, which was an international accord adopted in 2015 with the aim to reduce climate pollution from major emitting countries. The accord also aims at limiting global warming to below 1.5 degrees Celsius.
Commenting on the new sustainability targets, the group’s founder, 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."
Image Source: Armani.com