Overall net-zero target: Ermenegildo Zegna N.V. commits to reach net-zero greenhouse gas emissions across the value chain by 2050. Near-term targets: Energy & Industry: Ermenegildo Zegna N.V. commits to reduce absolute scope 1 and 2 GHG emissions 50.4% by 2032 from a 2022 base year. Ermenegildo Zegna N.V. also commits to increase active annual sourcing of renewable electricity from 46% in 2022 to 100% by 2027, and to continue active annual sourcing of 100% renewable electricity through 2032. Ermenegildo Zegna N.V. further commits to reduce absolute scope 3 GHG emissions from purchased goods and services, fuel- and energy-related activities, employee commuting, franchises and investments 50.4% by 2032 from a 2022 base year. FLAG: Ermenegildo Zegna N.V. commits to reduce absolute scope 3 FLAG GHG emissions 36.4% by 2032 from a 2022 base year. Ermenegildo Zegna N.V. also commits to no deforestation across its primary-linked commodities, with a target date of December 31, 2025. Long-term targets: Energy & Industry: Ermenegildo Zegna N.V. commits to reduce absolute scope 1 and 2 GHG emissions 90% by 2050 from a 2022 base year. Ermenegildo Zegna N.V. also commits to reduce absolute scope 3 GHG emissions 90% within the same timeframe. FLAG: Ermenegildo Zegna N.V. commits to reduce absolute scope 3 FLAG GHG emissions 72% by 2050 from a 2022 base year.