Salvatore Ferragamo obtains sustainable SI Rating

Italian fashion house Salvatore Ferragamo is pushing forward with its
commitment to sustainability after becoming the first fashion company to
receive the SI Rating Silver certification.

The SI Rating, created by Italian start-up ARBalzan, claims to be the
first algorithm on a single platform that includes all the internationally
recognised tools of the ESG criteria (Environmental, Social and Governance)
and the 17 SDGs of the United Nations contained in the 2030 Agenda, to
evaluate the management of organisations sustainability.

Salvatore Ferragamo received an SI Rating Silver certificate after
testifying to a “strong focus on managing sustainability in multiple ESG
areas”.

The luxury brands contribution to the 17 Goals of the United Nations was
considered “remarkable” receiving a rating of 85 percent for goal 3 good
health and well-being, as well as a 88 percent for gender equality and 89
percent for decent work and economic growth. In addition, it received 80
percent for responsible consumption and production and 94 percent for
industry, innovation and infrastructure.

The fashion house was also praised for its commitment to the environment
with performances of 98 percent in greenhouse gas emissions and of 100
percent in energy management.

For the social criteria, it recorded 100 percent in consumer protection,
100 percent in the working conditions of employees and company benefits and
97 percent for health and safety in the workplace.

With regards to Governance, the management of the product life cycle
obtained a 97 percent rating, while the management and efficiency of the
supply chain a 96 percent, and the ethical conduct of the activities 93
percent.

The SI Rating was validated by Rina, an international certification body
and ARBalzan has obtained collaboration with SASB (Sustainability
Accounting Standards Board) for the materiality map.

Image: courtesy of Salvatore Ferragamo

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