Capri Holdings releases 2021 Corporate Social Responsibility report
Capri Holdings Limited has published its 2021 corporate social responsibility report, which highlights the progress made by the fashion luxury group towards key CSR targets.
The report builds upon its global, group-wide sustainability strategy, originally released in April 2020, which is divided into three areas, Our World, which focuses on environmental sustainability and climate change, Our Community, which focuses on human rights, diversity and inclusion and Our Philanthropy, which looks at giving back and driving positive change in communities.
Highlights of its Our World initiatives include the signing of the Science Based Targets Initiatives Business Ambition, which the company commits to working across its operations and supply chain with reduction requirements to keep warming below 1.5°C globally.
Capri, which holds Michael Kors, Versace, and Jimmy Choo, also made significant progress in sourcing at least 95% of its leather from Leather Working Group Gold- or Silver-certified tanneries, or from tanneries achieving comparable certification, by 2025. The company also invested in Desserto, an advanced, cactus-based material that is a sustainable, low-impact option for accessories and footwear.
In Our Community, the company has pledged 20 million to the Capri Holdings Foundation for the Advancement of Diversity in Fashion, to further its mission of supporting diversity, inclusion and equality within the fashion industry.
The company has also pledged to raise the percentage of Black employees in its executive and junior level positions, and launched Pride@Capri, an employee resource group focused on the LGBTQ+ community and its allies.
Following its first submission to the Human Rights Campaign Foundation’s Corporate Equality Index, the company scored 80 points out of 100.
Under the Our Philanthropy initiatives, Capri Holdings donated $3 million to local and international organisations committed to providing frontline and emergency aid at the beginning of the Covid-19 pandemic.
It donated $35 million of Michael Kors products to non-profit Delivering Good, and provided 24 million school meals through its Michael Kors Watch Hunger Stop campaign.
The company also continued to support Women for Women International through the Jimmy Choo Foundation, as well as the Born this Way Foundation, through Versace’s Pride 2021 programming.
John D. Idol, Chairman and Chief Executive Officer of Capri Holdings said: "Our corporate social responsibility strategy has always been about focusing our energy and resources where we can make the greatest impact on people and the planet. Over the past year, we continued to improve the way we work in order to better the world in which we live. I am incredibly proud of our entire organization for demonstrating how business can truly be a force for good."
