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Our SBTi targets, Footprint and Energy Consumption
OUR SCIENCE BASED TARGET INITIATIVES (SBTi) TARGETS
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/
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/
OUR FOOTPRINT
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.
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.
OUR 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.
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.
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
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
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.
OUR RENEWABLE ENERGY PROCUREMENT
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.
Specifically:
• 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.
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.
Specifically:
• 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.