Ferragamo joins the S&P Global Sustainability Yearbook 2026 as it explores a minority investor for Lungarno Collection, signaling a dual focus on climate targets and experiential growth.
The Florence-based luxury house Salvatore Ferragamo has been included for the first time in the S&P Global Sustainability Yearbook 2026, after receiving a Corporate Sustainability Assessment score of 69 out of 100. Out of more than 8,551 companies evaluated worldwide, Ferragamo ranked among the strongest performers in its industry across governance, environmental management, social impact, and sustainability reporting, according to S&P Global.
Inclusion in the Yearbook signals above-average performance relative to industry peers, particularly in climate transition planning, supply chain due diligence, and human capital oversight. S&P Global’s Corporate Sustainability Assessment evaluates how well companies integrate sustainability into long-term strategy, quantify progress, and manage material risks, rather than simply publish glossy commitments.
Climate targets with measurable results
Ferragamo’s 2024 Annual Report, its most recent, outlines tangible progress. Total greenhouse gas emissions declined 16.4 percent year over year in 2024, while carbon intensity fell 6.6 percent compared to 2023. The company also secured an “A” score in CDP’s Climate Change questionnaire, a rating CDP describes as placing companies among global leaders in environmental transparency and action.
The Science Based Targets initiative has validated Ferragamo’s Net Zero 2050 target, confirming that its decarbonization pathway aligns with climate science. Its board-approved Sustainability Plan is structured around five pillars: Net Zero Emissions, Materials Innovation, Responsible Value Chain, People Empowerment, and Global Communities.
Chairman Leonardo Ferragamo underscored the significance of the recognition. “I express my sincere appreciation for this important recognition, which demonstrates how sustainability is a fundamental value for our company. This achievement encourages us to further strengthen our path, based on vision, practicality, and transparency, so that Ferragamo can positively inspire the way society thinks and acts”, he said in a statement.
Leather craftsmanship remains central to the brand’s identity since its founding in 1927, but sourcing standards have tightened. According to the annual report, more than 99 percent of revenue generated by leather suppliers derives from tanneries certified by the Leather Working Group, with 79 percent rated Gold or Silver. Packaging has also shifted; more than 90 percent of business-to-business and business-to-consumer packaging is paper or cotton-based.
Workforce metrics reflect parallel commitments. Women represent 48.8 percent of top management and 60 percent of managerial roles. In Italy, Ferragamo has obtained UNI/PdR 125:2022 Gender Equality Certification, and it holds Fair Pay Analyst Certification globally. The company has set a 2030 goal to eliminate its Adjusted Gender Pay Gap, currently reported at 2.9 percent.
Hotels as a strategic growth lever
The sustainability recognition arrives during a year of financial recalibration for the house. In 2025, annual revenue declined to approximately €977 million, down from more than €1 billion in 2024, reflecting pressure on wholesale channels and slower demand in Asia.
Ferragamo also announced it is exploring the possibility of introducing a minority investor into its hotel subsidiary, Lungarno Collection, which is owned by Ferragamo and controlled by the Palazzo Feroni Finanziaria holding company. According to Italian media reports, an investment bank has been mandated to assess interest from financial institutions, including sovereign wealth funds.
Lungarno Collection manages several high-end properties in Italy under the Portrait banner, including locations in Florence, Rome, and Milan. Portrait Milano, the latest addition, was named Hotel of the Year Ultratravel Collection at the 2025 GHA Awards.
Opening the capital to a minority investor would increase investment capacity, accelerate international expansion, and diversify revenue streams beyond fashion and accessories. It’s a move other Italian fashion houses are also exploring to strengthen experiential positioning. In January, Armani Group formalized a partnership with Symphony Global, led by Mohamed Alabbar, to expand Armani Hotels & Resorts. Dolce & Gabbana has partnered with Dar Global on a luxury hotel in the Maldives and is developing a condo-hotel project in Miami under the 888 Brickell banner.
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