Capri Holdings commits to net zero emissions by 2025

On the 50th anniversary of Earth Day, Capri Holdings Limited, a global fashion luxury group, has released its first group-wide corporate social responsibility strategy. The strategy is divided into three areas: Our World, Our Community, and Our Philanthropy. All goals and objectives of the strategy support United Nations’ 17 Sustainable Development Goals.

The report builds upon the meaningful initiatives that each of the company’s brands has already been working on, and outlines the company’s global strategy to achieve significant, measurable goals across a range of important environmental and social sustainability issues, including material sourcing, greenhouse gas emissions, water use, waste reduction, diversity and inclusion and philanthropic giving.

Capri Holdings has set targets to be 100 per cent carbon neutral in its direct operations and to source 100 per cent of energy for its owned and operated facilities from renewable sources by 2025. Building on its net zero carbon emissions commitment, and in an effort to deliver on the goals of the Paris Agreement, the company will also commit to set emissions reduction targets across its operations and supply chain with the Science Based Targets initiative by 2021.

The company has additionally committed to, and has already been working towards, a number of important initiatives, including: All plastic in packaging to be recyclable, compostable, recycled or reusable by 2025; 100% of point-of-sale packaging materials to be recyclable or sustainably sourced by 2025; Partnering with key suppliers to reduce water use; Traceability of its supply chain; Sourcing at least 95% of its leather from certified tanneries by 2025; Furthering diversity and inclusion within the organisation, including through the company’s new Global D&I Council; and Supply chain empowerment programmes focused on human rights and fair wages to be implemented in line with the UN Framework for Corporate Action on Workplace Women’s Health and Empowerment by 2025.

The report also highlights the company’s long-standing commitment to philanthropy, including the milestone achievement of delivering more than 19 million meals to children in hunger-stricken areas across the globe through the Michael Kors Watch Hunger Stop programme.

“We are proud of the actions our company is taking to drive positive environmental and social change within our organisation and our world,” said John D Idol, chairman and CEO of Capri Holdings. “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 recognise 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.”

Coinciding with the release of the company’s corporate social responsibility goals and objectives, Idol signed the United Nations Global Compact, the world’s largest corporate sustainability initiative established to support achievement of the Sustainable Development Goals.

Capri Holdings has previously signed the UN Women’s Empowerment Principles, the Fashion Pact, the CEO Action for Diversity & Inclusion and the Open to All Pledge, signalling its partnership with industry groups, corporate social responsibility leaders and other brands to create lasting change and increase the collective impact around environmental and social sustainability.