Teddy Group is a leading Italian company that has been at the forefront of the Italian retail industry for over 60 years. The company operates in the fashion, food, and home sectors, with over 600 stores across Italy and Europe. Teddy Group is committed to sustainability and has been actively pursuing decarbonisation and renewable energy initiatives to reduce its carbon footprint and contribute to a greener future.
The company's commitment to decarbonisation is evident in its efforts to reduce its carbon emissions. Teddy Group has set ambitious targets to reduce its greenhouse gas emissions by 50% by 2030 and to achieve net-zero emissions by 2050. To achieve these targets, the company has implemented a range of measures to reduce its energy consumption, including the installation of energy-efficient lighting and HVAC systems in its stores and warehouses.
Teddy Group has also been actively pursuing corporate energy initiatives to increase its use of renewable energy. The company has invested in solar and wind power projects, and has signed corporate power purchase agreements (PPAs) with renewable energy providers to ensure a reliable and sustainable source of energy for its operations. The company has also installed solar panels on the roofs of its stores and warehouses, which generate clean energy and reduce the company's reliance on traditional energy sources.
In addition to its renewable energy initiatives, Teddy Group has also been actively pursuing corporate PPAs to support the development of new renewable energy projects. The company has signed agreements with several renewable energy providers to purchase energy from new wind and solar projects, which will help to increase the share of renewable energy in Italy's energy mix and support the growth of the renewable energy sector.
Teddy Group's commitment to sustainability extends beyond its energy initiatives. The company has implemented a range of measures to reduce waste and increase recycling, including the introduction of reusable shopping bags and the installation of recycling bins in its stores. The company has also implemented sustainable sourcing practices, including the use of organic and sustainable materials in its products and the adoption of responsible sourcing policies to ensure that its suppliers meet high ethical and environmental standards.
Teddy Group's sustainability initiatives have been recognised by several industry bodies, including the Carbon Disclosure Project (CDP), which awarded the company an "A-" rating for its climate change initiatives. The company has also been recognised for its commitment to sustainability by the Italian government, which awarded Teddy Group the "Ambiente Italia" award for its sustainable business practices.
In conclusion, Teddy Group is a leading Italian company that is committed to sustainability and decarbonisation. The company's renewable energy initiatives, corporate PPAs, and sustainable sourcing practices demonstrate its commitment to reducing its carbon footprint and contributing to a greener future. Teddy Group's sustainability initiatives have been recognised by industry bodies and the Italian government, and the company is well-positioned to continue its leadership in sustainable business practices in the years to come.