Piquadro Group, the Italian accessory company that owns the brands Piquadro, The Bridge e Lancel, is taking a new step meant to strengthen its sustainable action.

 



During the last seasons, the holding had already taken a green direction by using recycled materials and leather from a certified value chain, along with launching a project meant to support the communities from the Tuscan-Emilian Apennines, the surroundings from where the brand originates, between Bologna and Florence.

Piquadro
Photo: Piquadro
Piquadro
Piquadro has recently announced that the group aims to reach carbon neutrality by end 2022.

 



According to the data reported in its sustainability report, which has been prepared for four years now, the Piquadro Group has determined its carbon footprint for scopes 1 and 2 following the market-based calculation method, for emissions generated during fiscal year 2021-22 and has defined an offsetting plan for all emissions that will make the organization carbon-neutral by the end of the current year.

 



The goal of offsetting the 1,896 tons of CO2 produced by the Group's companies will be achieved through certified carbon credits generated through the reforestation of heavily degraded areas of the Cerrado in Brazil, one of the most biodiverse tropical forest in the world.

 

 



This project, developed and managed by Carbon Credits Consulting, an Italian company with operating bases in Bologna and Manaus (Brazil) that develops and manages large carbon offsetting projects, enables the recovery and restoration of the native forest while helping to defend biodiversity and improve the living conditions of local people.

Piquadro backpack and sneaker developed in partnership with ACBC
Photo: Piquadro
Piquadro backpack and sneaker developed in partnership with ACBC
Along with this commitment, the Piquadro Group is taking another major initiative focused on preserving the environment: it will gradually begin offsetting CO2 emissions related to the production of the three brands' main best-selling products. It has identified about 15 products among the Piquadro, The Bridge and Lancel bestelling lines and calculated the amount of CO2 emitted by each with the goal of offsetting it through the purchase of additional certified carbon credits, a practise that is not widespread yet in the world and not only in its industry.

 



"As an entrepreneur, I consider the reduction and offsetting of carbon emissions an essential ethical step for the Group's three brands," said Marco Palmieri, president and CEO, Piquadro Group. "Offsetting is a first step. The real challenge is and will be the reduction of emissions through goal-oriented design processes, conscious behaviors, and an honest commitment to the disclosure of emissions-related awareness. To this must be added a growing commitment to social sustainability," he continued.




 

So-called "carbon credits" or offset certificates are the tool that can help to mitigate the effects of the gigantic carbon footprint represented by global CO2 production, a major cause of climate change.

 



A carbon credit is equivalent to one ton of CO2 avoided or taken out of the atmosphere through the development of certified projects, including forestry projects that not only capture atmospheric CO2, thanks to the chlorophyll photosynthesis of plants, but also contribute to the benefit of biodiversity and communities in the project area.

 



In addition to offsetting the Group's carbon footprint through a reforestation project, Piquadro is implementing important measures to accelerate the energy transition. With this in mind it has just completed the installation of a 173 kW photovoltaic system at its Gaggio Montano headquarters.

Photovoltaaic panels at Piquadro headquarters, Gaggio Montano
Photo: Piquadro
Photovoltaaic panels at Piquadro headquarters, Gaggio Montano
Thanks to cutting-edge technologies, this intervention will help reduce annual energy consumption by 46%, generating 190 MWh of electricity annually from solar power and avoiding the emission of 95 tons of CO2 into the atmosphere annually.

 



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