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SOMA GROUP

SOMA Group: road

to decarbonization

www.somagrupo.com.br/en/

What the biggest fashion group in Brazil is doing to reduce its climate impact: clear goals are key to
achieve results and transparency.

The SOMA Group strengthens its practices and searches for responses rise by up to 1.5°C. and we are working on a reduction plan, with
to climate change every year. It is key to reinforce the importance of intermediate targets, to be submitted to SBTi in 2023.
assuming climate commitments, which is why, in 2021, we joined the
UN Global Compact and assumed commitments with the 2030 and It is also extremely important to go through a process of mapping
2050 Agenda. Even with the absence of a regulated carbon market in climate risks associated with the business and operations. We map
Brazil, the SOMA Group has been voluntarily positioning itself with the physical risks, associated with natural phenomena, and transition risks,
mapping of its emissions through annual Greenhouse Gas Inventories which include changes in habits and new policies aligned with our
and offsets with investments in reforestation and regeneration projects ESG strategy. Among the physical risks, we highlight the possibility of
through agroforestry systems (this process effectively removes climate disruptions, such as strong winds and rains that can directly
CO2 from the atmosphere through photosynthesis in trees) and the impact our offices, distribution centres, logistics processes, inventory
purchase of carbon credits from investment in renewable energy, and interruptions in the supply chain process. The scarcity of rain is also
which contributes to the transition to a renewable energy system a phenomenon that can affect our supply processes.
and a low-carbon economy. It is important to emphasize that the
offset strategy goes hand in hand with the reduction of emissions, Thus, as a form of investing in the Climate Agenda, SOMA Group
strengthening the decarbonization process in order to have less allocates funds exclusively to environmental actions: whether for
emissions to offset throughout the years. hiring consultants, renewing subscriptions to platforms for managing
environmental parameters and structuring our Greenhouse Gas
To this end, having clear goals is essential to bring solidity and Inventory annually, prioritizing the use of responsible raw materials, for
transparency to the company in the decarbonization process in the compensation of our emissions and for reforestation projects as a way
quest to achieve Net Zero by 2050. Several actions were linked to the of helping to restore the carbon balance in the atmosphere.
commitments assumed by the Company with the UN Global Compact
and the annual reports to the Carbon Disclosure Project (CDP), in All of SOMA Group brands are included in our Greenhouse Gas
which SOMA Group achieved a B score, meaning that we have a Inventory and are part of our emissions reduction strategy (available
solid management regarding climate change. In addition, the CDP is in our latest sustainability report on our website). SOMA Group has a
also aligned with the recommendations of the Task Force on Climate- centralized guideline governance that extends itself to all of our brands
related Financial Disclosures (TCFD). We also adhere to the science- and areas.
based target design framework (SBTi) to control global temperature

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