Our SBTi targets, Footprint and Energy Consumption

The Science Based Target initiative (SBTi) provides companies with a clearly defined path to reduce emissions in line with the goals of the Paris Agreement, an international treaty on climate change.

In 2022, with the aim of reducing our environmental impact, Bally committed to the initiative to set near-term targets in line with climate science.
In the following months, we collaborated with Quantis experts to identify actions to reduce our footprint; we also involved key employees across our organization, including materials experts and logistic professionals.

As a result, 9 clusters of actions have been defined: they are referred to materials choice, materials certifications, transportation means and energy supply, and give us a clear pathway on how to reduce our emissions in different scenarios.

In 2023, our SBTi were approved:
• Bally commits to reduce absolute scope 1 and 2 GHG emissions 46.2% by 2030 from a 2019 base year.
• Bally also commits to reduce absolute scope 3 GHG emissions from purchased goods and services, and upstream distribution 46.2% within the same timeframe.
Discover more on the Science Based Target initiative and how emission reduction targets are set on their website: https://sciencebasedtargets.org/
A corporate footprint is an accounting method used by companies to define a metrics-based sustainability strategy. Through it, we can understand our hotspots in terms of CO2 emissions across the value chain.

In 2021 we calculated our first footprint in compliance with the leading Greenhouse Gas (GHG) Protocol Corporate Standard, which classifies a company emission through three scopes:
Scope 1: Direct emissions from sources controlled by the company
Scope 2: Indirect emissions generated by purchased electricity and consumed by the company
Scope 3: Other indirect emissions generated by sources not directly under the company’s control.

This footprint was obtained with 2019 data, because they were the most reliable since the spread of Covid-19, and the resulting lockdowns in 2020 and 2021.

In 2023, in order to submit our emissions reduction targets to the Science Based Target initiative, Bally calculated its 2022 footprint.

Since our target approval, we are required to evaluate our footprint annually.
Download our annual footprints below to discover more.
SBTi Energy Consumption
SBTi Energy Consumption
Improving our energy mix plays a fundamental role in reducing our environmental footprint.
To gain a clearer picture of our global impact, in 2022, we continued to monitor the scope of our energy consumption. When accounting for our Scope 1 and 2 emissions, we include our HQs in Switzerland and Italy, our offices (Shanghai, Sydney, Tokyo New York, and Hong Kong) and our retail stores worldwide.
Concerning our headquarters and our offices, in 2022 76% of our energy consumption came from renewable sources, 16% from nuclear and gas and 8% from higher-polluting sources such as fuel or coal.
SBTi Energy Consumption
Please note that:
Sources classified as renewable are:
• kwh consumed from solar panels installed on the roofs of our premises
• kwh labelled as renewable sources from GRID
• kwh offsetted through purchasing of green certificates
• We have assumed “100% fossil” as the origin of the energy when we did not have further information
SBTi Energy Breakdown
In our retail stores we have full visibility on consumptions, which are cautiously considered as “100%” fossils since we do not have a clear overview on kwh sources because this information is often difficult to retrieve from landlords.
SBTi Energy Consumed
Regarding the 2023 energy consumption of our HQ (Switzerland and Italy), we are proud to share that it resulted diminished by 4% if compared to 2022 data and more than 98% came from renewable sources, marking a significant 21% enhancement over 2022.
SBTi Energy Consumed
This outstanding result was achieved thanks to the offsetting of the consumed kwh for Milan and Caslano offices through the purchase of green certificates, besides the installation of solar panels on the roof of our Caslano facilities carried out in 2021, which covers almost 24% of energy consumption for our Swiss HQ.
In order to keep improving our energy consumption sources, with the aim of reaching a high percentage of renewable ones, in the past years not only we have started tracing our consumption, but we have also implemented a number of measures.
• Where possible, we trace the sources used for the kwh from GRID
• We have solar panels on the roofs of our Florence and Caslano premises which contributed for 9% of all kwh consumed in Florence and 31% in Caslano (2022 figures).
• In 2022, for Caslano, we have offsetted the remaining kwh consumed through the purchase of green certificates. We are planning to increase the portion of our consumption that will be compensated with certificates.
• In 2022, we committed to the Fashion Pact Collective Virtual Power Purchase Agreement aiming to accelerate the adoption of renewable electricity adoption by investing in new clean energy infrastructure.
The CVPPA was then finalized in 2023: Bally and other 11 participant signed an agreement with a with a Spanish developer, Lightsource bp, that will build in the south of Spain a new solar facility within 2026. The plant is expected to have a capacity in excess of 110 MWp and an Annual Output in excess of 200,000 MWhBally will benefit from Facility EECS Certificates and other Environmental Attributes in correspondence of an expected volume of 2,500 MWh per annum.
The expected geographical distribution of the certificates would be as follows:
• Italy: 50%
• France: 4.5%
• Austria: 6.5%
• Switzerland: 39%