Jonathan Akeroyd, Donatella Versace, John D. Idol. (Photo: Rahi Rezvani)
Capri Holdings commits to 100% renewable energy by 2025
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Capri Holdings released a group-wide report on the initiatives that each of the company’s brands has already been working on. It outlines the company’s global strategy to achieve significant, measurable goals across a range of important environmental and social sustainability issues.
Capri Holdings has set targets to be 100% carbon neutral in its direct operations and to source 100% of energy for its owned and operated facilities from renewable sources by 2025.
In addition to 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:
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
Supply chain empowerment programs 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. It includes the achievement of delivering more than 19 million meals to children in hunger-stricken areas across the globe through the Michael Kors Watch Hunger Stop program.
“We are proud of the actions our company is taking to drive positive environmental and social change within our organization and our world,” said John D. Idol, Chairman and CEO of Capri Holdings. “We believe that sound environmental and social policies are both ethically correct and fiscally responsible.”
Additionally, John D. Idol signed the United Nations Global Compact – the world’s largest corporate sustainability initiative established to support achievement of the Sustainable Development Goals. By signing the UN Global Compact, Capri Holdings confirms its commitment to human rights, labor, the environment and anti-corruption, and its commitment to advance societal goals relating to sustainability. The group aims to create lasting change and increase the collective impact around environmental and social sustainability.