OVS SpA is a leading Italian fashion retailer that operates in the specialty apparel stores sector. The company was founded in 1972 and has since grown to become one of the largest fashion retailers in Italy, with over 1,000 stores across the country. OVS SpA is committed to sustainability and has made significant efforts to reduce its carbon footprint and promote renewable energy.
Decarbonisation is a key focus area for OVS SpA, and the company has set ambitious targets to reduce its greenhouse gas emissions. In 2019, OVS SpA joined the Fashion Pact, which is a global coalition of fashion companies committed to reducing their environmental impact. As part of this commitment, OVS SpA has pledged to achieve net-zero greenhouse gas emissions by 2050. To achieve this goal, the company is implementing a range of measures to reduce its carbon footprint, including improving energy efficiency in its stores and logistics operations, promoting sustainable transport, and increasing the use of renewable energy.
Corporate energy is another important area of focus for OVS SpA. The company is committed to reducing its energy consumption and promoting the use of renewable energy sources. In 2019, OVS SpA signed a corporate power purchase agreement (PPA) with Enel Green Power, which is one of the world's leading renewable energy companies. The PPA will enable OVS SpA to purchase renewable energy directly from Enel Green Power, which will help the company to reduce its carbon footprint and promote the use of renewable energy.
The corporate PPA signed by OVS SpA is a significant step towards achieving its renewable energy goals. The agreement will enable the company to purchase renewable energy at a fixed price, which will help to reduce its exposure to volatile energy prices. The PPA will also provide OVS SpA with a reliable source of renewable energy, which will help to reduce its dependence on fossil fuels.
Renewable energy is a key focus area for OVS SpA, and the company is committed to promoting the use of renewable energy sources. In addition to the corporate PPA signed with Enel Green Power, OVS SpA has also invested in renewable energy projects, including solar and wind power. The company has installed solar panels on the roofs of its stores, which generate renewable energy that is used to power the stores. OVS SpA has also invested in wind power projects, which generate renewable energy that is used to power its logistics operations.
In addition to its efforts to reduce its carbon footprint and promote renewable energy, OVS SpA is also committed to promoting sustainability in its supply chain. The company has developed a sustainable sourcing policy, which outlines its commitment to sourcing materials and products in a responsible and sustainable manner. OVS SpA works closely with its suppliers to ensure that they meet its sustainability standards, and it has implemented a range of measures to promote sustainable production practices.
Overall, OVS SpA is a leading Italian fashion retailer that is committed to sustainability and reducing its environmental impact. The company has set ambitious targets to reduce its greenhouse gas emissions and promote the use of renewable energy sources. Through its corporate PPA with Enel Green Power and its investments in renewable energy projects, OVS SpA is taking significant steps towards achieving its renewable energy goals. The company's commitment to sustainability extends to its supply chain, where it is working to promote sustainable sourcing and production practices. OVS SpA is a leader in the fashion industry and is setting an example for other companies to follow in their efforts to reduce their environmental impact and promote sustainability.