Training, feasibility studies, and non-financial support for climate action
Brand communicated it has hosted its own training, giving information on energy efficiency, accessing renewable energy and developing climate transition plans. After the training, the Armani Group requested to Tier 1 and 2 suppliers data on energy consumption and atmospheric emissions through the sharing of surveys, questionnaires and data collection files.
The percentage of suppliers with access to training was equal to around 50% of production volumes, according to response
Additional, targeted support for transition planning: No evidence
Financial Support for Decarbonization
Loans and financing: Communicated to us that: In 2023, the Armani Group started a pilot project of bank financing provided to suppliers, which continued the following years. Brand said data will be available once the pilot project mentioned in the previous answer is more developed.
Collective financing initiatives: No evidence
Direct/debt-free financing: No evidence
Responsible/equitable buying to enable climate action
Purchasing decisions incentivize climate action: Conditions through Supplier Sustainability Code – which has been updated at the beginning of 2024 – through the request for documents, certifications and checks of compliance with environmental, human rights and occupational health and safety issues in relation to the processes and products supplied, through risk analyses related to the geographical area and sector. The Armani Group requires its suppliers to sign and comply with the Supplier Sustainability Code, which is included in the general purchasing conditions.
Equitable/long-term sourcing to enable climate action: Unclear on specific policy. Told Stand.earth that it promotes responsible management of procurement processes, fair relationships and sustainable behaviours along the value chain, evaluating the performance of the suppliers involved also on the basis of environmental aspects such as efficient use of energy and water resources criteria, but did not provide specific evidence.
Prices enable climate action: No evidence
Climate Adaptation
Adaptation/worker just transition training funded or provided: No strong examples. Brand said working with ILO in Bangladesh but unrelated to adaptation. The ILO provides training to workers in Bangladesh not only regarding health and safety topics but also on environmental and climate issues.
Emergency support developed with local groups: No
Decarbonization Progress
Reducing manufacturing emissions: Emissions data shows 4% reduction YOY and 17% reduction against baseline.
Increasing supply chain renewable electricity: Not disclosed
Coal phase out transition progress: No