Potential offtaker

Gruppo Armani

www.armani.com

Estimated electricity consumption

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Countries of production presence

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Gruppo Armani is a leading Italian fashion company that operates in the Apparel & Footwear Whslrs sector. The company was founded in 1975 by Giorgio Armani and has since become a global brand known for its high-quality clothing, accessories, and fragrances. Gruppo Armani operates in over 100 countries and has a strong presence in Europe, Asia, and the Americas.

As a global fashion company, Gruppo Armani is committed to sustainability and reducing its carbon footprint. The company has implemented a number of initiatives to reduce its environmental impact, including decarbonisation and the use of renewable energy sources.

One of the key initiatives that Gruppo Armani has implemented is decarbonisation. This involves reducing the amount of carbon emissions that the company produces by implementing more sustainable practices. Gruppo Armani has set a target to reduce its carbon emissions by 50% by 2030, and has already made significant progress towards this goal.

The company has also implemented a number of initiatives to reduce its energy consumption and increase its use of renewable energy sources. One of these initiatives is the use of corporate PPAs (Power Purchase Agreements). A corporate PPA is a contract between a company and a renewable energy provider, where the company agrees to purchase a certain amount of renewable energy over a set period of time. This allows the company to reduce its carbon footprint and support the growth of renewable energy sources.

Gruppo Armani has signed a number of corporate PPAs with renewable energy providers, including wind and solar energy providers. These agreements allow the company to purchase renewable energy at a fixed price, which helps to reduce its energy costs and support the growth of renewable energy sources.

In addition to corporate PPAs, Gruppo Armani has also implemented a number of other initiatives to increase its use of renewable energy sources. The company has installed solar panels on the roofs of its buildings, which generate clean energy and reduce the amount of energy that the company needs to purchase from the grid.

Gruppo Armani has also implemented a number of initiatives to reduce its energy consumption. The company has implemented energy-efficient lighting systems and HVAC systems in its buildings, which help to reduce its energy consumption and carbon emissions.

Overall, Gruppo Armani is committed to sustainability and reducing its environmental impact. The company has implemented a number of initiatives to reduce its carbon footprint, including decarbonisation and the use of renewable energy sources. The company has set a target to reduce its carbon emissions by 50% by 2030, and is well on its way to achieving this goal. By implementing sustainable practices and supporting the growth of renewable energy sources, Gruppo Armani is leading the way in the fashion industry and setting an example for other companies to follow.

✓ Science Based Targets member
✓ Declared Net Zero commitment