Potential offtaker

Ermenegildo Zegna NV

www.zegna.com

Estimated electricity consumption

N/A

Countries of production presence

N/A

Ermenegildo Zegna NV is a luxury fashion brand that specializes in men's clothing and accessories. The company was founded in 1910 by Ermenegildo Zegna and is headquartered in Trivero, Italy. Ermenegildo Zegna NV operates in the Specialty Apparel Stores sector and is known for its high-quality fabrics, expert tailoring, and timeless designs.

Ermenegildo Zegna NV has always been committed to sustainability and reducing its environmental impact. In recent years, the company has made significant strides in decarbonisation and renewable energy. Ermenegildo Zegna NV has set ambitious goals to reduce its carbon footprint and increase its use of renewable energy sources.

One of the ways Ermenegildo Zegna NV is working towards decarbonisation is through its corporate energy strategy. The company has implemented energy-saving measures in its stores, offices, and production facilities. These measures include the use of LED lighting, energy-efficient HVAC systems, and the installation of solar panels.

Ermenegildo Zegna NV is also exploring the use of corporate power purchase agreements (PPAs) to increase its use of renewable energy. A PPA is a contract between a company and a renewable energy provider, where the company agrees to purchase a certain amount of renewable energy at a fixed price over a set period of time. PPAs can help companies reduce their carbon footprint and support the growth of renewable energy.

In 2020, Ermenegildo Zegna NV signed a PPA with Enel Green Power for the supply of renewable energy to its Italian facilities. The PPA will provide Ermenegildo Zegna NV with 3.2 GWh of renewable energy per year, which is equivalent to the energy consumption of over 1,000 households. The PPA will help Ermenegildo Zegna NV reduce its carbon footprint by over 1,500 tonnes of CO2 per year.

Ermenegildo Zegna NV is also investing in renewable energy projects. In 2019, the company announced a partnership with The Renewal Workshop, a company that specializes in the renewal and recycling of textiles. The partnership will focus on the development of new technologies and processes to increase the recycling and reuse of textile waste. This will help Ermenegildo Zegna NV reduce its environmental impact and support the growth of the circular economy.

Ermenegildo Zegna NV is also committed to reducing its use of non-renewable resources. The company has implemented a number of initiatives to reduce its water consumption and waste. These initiatives include the use of recycled materials in its products, the implementation of a closed-loop system for water management, and the reduction of packaging waste.

In addition to its sustainability efforts, Ermenegildo Zegna NV is also committed to social responsibility. The company has a number of initiatives to support local communities and promote social inclusion. These initiatives include the ZegnArt project, which supports contemporary art and culture, and the Zegna Foundation, which supports education and social development in Italy and around the world.

Ermenegildo Zegna NV is a leader in the fashion industry when it comes to sustainability and social responsibility. The company's commitment to decarbonisation, renewable energy, and social inclusion is setting an example for other companies in the industry to follow. As the world becomes more aware of the need for sustainability, Ermenegildo Zegna NV is well-positioned to continue its leadership in this area.

✓ Science Based Targets member
✓ Declared Net Zero commitment