Carbon Footprint is a parameter that quantifies the greenhouse gases (GHGs) emissions caused by a product, service, organization, event or individual, expressed in tonnes of CO2 equivalent.
Companies can calculate their footprint at product level through a Life Cycle Assessment (LCA), or at corporate level.
According to the GHG Protocol (a global standard in measuring and managing emissions), GHG emissions are divided in three different scope / categories:
Further information about Riri Carbon Footprint are available in the Sustainable Report.
Global warming is not only determined by CO2 but also by other greenhouse gases, each with a different environmental impact, measured by Global Warming Potential (GWP).
CO2 equivalent is a metric that compares the potential effects of these gases on climate: the amount of each gas is converted to the equivalent amount of carbon dioxide through GWP, a measure of how much heat a given mass of greenhouse gas traps in the atmosphere, compared to the heat trapped by the same mass of CO2 over a specific time interval (usually 100 years).
For example, the GWP of methane (CH4) is 25 and that of nitrous oxide (N2O) is 298. This means that emissions of 1 million tonnes of methane and nitrous oxide are equivalent to emissions of 25 and 298 million tonnes of carbon dioxide, respectively.
Riri started measuring its footprint in 2015. In 2021 our overall corporate footprint amounts to 20.647 tonnes of CO2 eq. This data refers to the three divisions of buttons, zips and metal components (Cobrax Metal Hub). It does not include AMOM and DMC. In 2022, we plan to expand our measurement to include the newly acquired plants.
From 2021 data concerning corporate footprint are published in the annual Sustainability Report, based on some of the Global Reporting Initiative (GRI) standards.
Climate Strategy means setting targets towards decarbonization and building a sustainability roadmap of interventions to reduce the carbon dioxide emitted in the atmosphere.
In 2023 Riri will define its climate strategy by setting targets of reduction based on the Science Based Target (SBT) initiative, the global reference for the leading brands committed to more sustainable production.
Greenwashing refers to the set of communication strategies and marketing initiatives – implemented by companies, organizations, or political institutions – aimed at building a green image in order to divert public attention away from the negative environmental effects caused by the company’s own activities or products.
Riri is committed to avoid greenwashing at all levels of communications through a transparent reporting and communication process and precision mapping of environmental “hotspots” regarding its products and activities.
SBT stands for Science Based Target. It is a partnership between the Carbon Disclosure Project (CDP), United Nations Global Compact, World Resources Institute (WRI) and World Wide Fund for Nature (WWF), established with the aim to help companies align with the commitments made during the Paris Accords to limit temperature rise to within 1.5° C compared to the pre-industrial age.
Joining this initiative means publicly committing to ensure that one’s Climate Strategy is in line with scientific goals, adhering to an internationally shared framework with similar goals for companies comparable in size or sector.
Following an updated assessment of its Carbon Footprint and emissions, Riri will establish its Science Based Target for emissions reductions and submit this for validation by the SBT Initiative.