TOWARDS A ZERO-EMISSION ECONOMY
The 2030 decarbonisation objectives of OVS have been approved by the Science Based Targets initiative (SBTi), as they are in line with the global target of limiting the temperature increase to below 2°C, established by the 2015 Paris Climate Agreement.
FIRST IN FASHION TRANSPARENCY INDEX
In 2021, 2022 and 2023 OVS ranked first in the Fashion Transparency Index among the 250 fashion brands and retailers examined by Fashion Revolution.
We believe that transparency is a powerful tool of collaboration: the disclosure of information stimulates cooperation in the fashion sector and, also, it consolidates the relationship of trust with our customers.
FINANCIAL COMMITMENTS AND SUSTAINABILITY OBJECTIVES
In November 2021 we strengthened our commitment to achieving our sustainability objectives with the issue of a Sustainability-Linked bond loan and the subscription in April 2022 of a loan, also Sustainability-Linked, thus linking all the main financial lines of the Company to sustainability performance.
The Sustainability-linked structure provides for a cost of debt that is increased, or sometimes reduced, by a margin based on the achievement of specific sustainability objectives by 2024, such as the reduction of greenhouse gas emissions by 21%, the involvement of 100% of suppliers on the Higg platform and the purchase of at least 80% of the production volume from suppliers who have completed a third-party verification of their environmental and social performance.
4 PILLAR OF IMPROVEMENT
Our sustainability strategy, Making progress, is divided into four areas of action: Design for circularity, Being fair and transparent, Design a better work, Making fashion a better choice
We are committed to reducing the impact of our products throughout the entire cycle of production and use, through constant research of innovative solutions in terms of processes and raw materials, with the aim of protecting and preserving the environment.
La produzione dei nostri capi coinvolge migliaia di persone per questo, sappiamo di avere una duplice responsabilità : impegnarci continuamente a monitorare e migliorare le condizioni di lavoro, e rendere trasparenti i risultati di queste azioni nei confronti dei nostri clienti.
We are committed to making OVS people have a sustainable and responsible lifestyle and be ambassadors of our values ​​of inclusion, valorization of diversity and respect for people and the planet.
We believe that transparency is a powerful tool of collaboration: the disclosure of information stimulates cooperation in the fashion sector and, also, it consolidates the relationship of trust with our customers.
PROJECTS
With the sustainability report, OVS consolidates the path of transparency and sharing with all stakeholders started some time ago.
Download the 2023 sustainability report