OVS S.p.A.

Greenhouse gas emissions & sustainability report data

📊 Latest report period: 2023🗂️ Report periods on file: 2023, 2020

In its 2023 reporting, OVS S.p.A. disclosed greenhouse gas emissions of 447.0K tCO2e/year (Scope 3). By scope: Scope 1: 8.5K tCO2e/year (Italy) + 97 tCO2e/year (other); Scope 2: 41.8K tCO2e/year (Italy location-based) + 677 tCO2e/year (other location-based); Scope 3: 447.0K tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.

💨
GHG Emissions
447.0K tCO2e/year (Scope 3)
2023
⚡
Renewable Energy
86% (of direct consumption)
of total energy
💧
Water Usage
539.3K m3/year
2023
♻️
Waste
11.8K tons/year
2023
⚙️
Energy Use
651.7K GJ/year
2023

📊 Emissions by Scope (2023)

ScopeWhat it coversReported value
Scope 1Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions).8.5K tCO2e/year (Italy) + 97 tCO2e/year (other)
Scope 2Indirect emissions from purchased electricity, steam, heat and cooling.41.8K tCO2e/year (Italy location-based) + 677 tCO2e/year (other location-based)
Scope 3Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.).447.0K tCO2e/year

New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.

📈 Emissions by Report Period

Report periodHeadline emissions figure reported
2023447.0K tCO2e/year (Scope 3)
20208.5K tCO2e/year (Scope 1)

Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.

✅ Reported Environmental Achievements

🎯 Climate & Sustainability Targets

🔜 Short-term

  • Reduce water consumption by 10% by 2025.
  • Achieve 90% of assortment meeting “Better Products” criteria by 2030.
  • 100% of denim made with water-saving technologies by 2025.
  • 50% of production volume covered by suppliers with democratically elected worker representative bodies by 2025.

📅 Medium-term

  • Reduce emissions by 46.2% by 2030 compared to the 2019 baseline.
  • Achieve 30% renewable energy by 2030.
  • 100% of polyester and polyamide to be replaced with recycled materials or renewable alternatives by 2030.
  • 50% of production volume covered by suppliers with implemented tools for resolving disputes within factories by 2025.

🔭 Long-term

  • Net zero emissions by 2050.
  • 100% of production volume covered by suppliers with democratically elected worker representative bodies by 2030.

🌱 ESG Focus Areas

DecarbonizationCircularityWorkers' rightsTransparency

⚠️ Challenges & Risks +

  • Supply chain disruptions due to geopolitical factors.
  • Balancing sustainability with affordability for consumers.
  • Achieving carbon neutrality goals.
  • Ensuring responsible consumption.
  • Managing textile waste.
  • Low prevalence of collective agreements and worker representation in some countries.

📋 Report Information

Reporting Period: 2023
Frameworks: GRI Standards
Assurance: KPMG S.p.A.