Commercial, Energy Efficiency, GHG Emissions, Sourcing Renewables - April 27, 2020
Capri Holdings commits to carbon neutrality, 100% renewables
Global luxury fashion group Capri Holdings Limited announced April 22 that they have committed to achieving net-zero emissions in their direct operations and 100% renewable energy by 2025.
The parent company of brands that include Michael Kors, Jimmy Choo and Versace released their first group-wide corporate social responsibility strategy in honor of the 50th anniversary of Earth Day. In addition to being carbon neutral in their direct operations, the company also committed to setting Science Based Targets initiative-approved emissions reduction targets across their operations and supply chain by 2021.
Capri Holdings will also be pursuing improved traceability of their supply chain and sourcing at least 95% of their leather from certified tanneries by 2025.
“We are proud of the actions our company is taking to drive positive environmental and social change within our organization and our world,” John D. Idol, Chairman and Chief Executive Officer of Capri Holdings, said in a statement. “Early last year, soon after we created our global fashion luxury group, Capri Holdings, we assessed the sustainability efforts each of our brands was already undertaking, along with the core values shared by them. We also considered the responsibilities we collectively hold to the environment, to the communities in which we operate, and to the people with whom we work. We recognize that as our company grows, so do our responsibilities, and welcome the opportunity to do more. We believe that sound environmental and social policies are both ethically correct and fiscally responsible. To that end, we are committed to improving the way we work in order to better the world in which we live.”
Capri Holdings has also signed the United Nations Global Compact, committing to the pursuit of the U.N. Sustainable Development Goals.