Capri Holdings Releases 2021 Corporate Social Responsibility Report
15 Dezembro 2021 - 10:00AM
Business Wire
Capri Holdings Limited (NYSE:CPRI), a global fashion luxury
group, today published its 2021 Corporate Social Responsibility
(CSR) report. The report highlights the company’s progress toward
key CSR targets relating to environmental sustainability and
climate change, human rights, diversity and inclusion, and
philanthropy.
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the full release here:
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Capri’s 2021 CSR report builds upon its global, group-wide
sustainability strategy, originally released in April 2020, which
is divided into three areas:
- Our World — We know that the success of our company is
directly linked to the sustainability of the word around us. Our
brands strive to create the highest quality luxury products with
longevity and sustainability in mind. Operating responsibly helps
us to lower our impact on the planet and to promote industry-wide
environmental change.
- Our Community — We believe we have a responsibility to
those who work with us. Our company strives to create inclusive
workplaces where all of our employees are empowered and respected.
We are committed to creating meaningful opportunities for our
diverse Capri community to grow.
- Our Philanthropy — Giving back is embedded in Capri’s
culture. We remain steadfast in our commitment of support and
driving positive change in the communities where we live and
work.
As part of its 2020 CSR strategy, Capri previously committed to
ambitious, measurable goals around greenhouse gas emissions,
renewable energy, raw material sourcing, water use, waste
reduction, diversity and inclusion, and philanthropic giving.
Today’s report covers the company’s activities to drive meaningful
progress toward those goals during Fiscal Year 2021 along with some
of the major CSR-related activities undertaken during the first
half of Fiscal Year 2022.
“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,” said John D. Idol,
Chairman and Chief Executive Officer of Capri Holdings. “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.”
Highlights in the 2021 report include:
Our World —
- Signing the Science Based Targets initiative Business Ambition
for 1.5°C, committing the company to set science-based targets
across its operations and supply chain in alignment with reduction
requirements to keep warming below 1.5°C globally.
- Reaffirming our commitment to reach 100% renewable energy
worldwide by joining RE100.
- Making significant progress toward our goal to source at least
95% of our leather from Leather Working Group Gold- or
Silver-certified tanneries, or from tanneries achieving comparable
certification, by 2025. In Fiscal Year 2021, 85% of leather was
sourced from suppliers meeting these highest standards of
environmental performance.
- Investing in Desserto® – an advanced, cactus-based material
that is a sustainable, low-impact option for accessories and
footwear.
Our Community —
- Pledging $20 million to the Capri Holdings Foundation for the
Advancement of Diversity in Fashion, to further the foundation’s
mission of supporting diversity, inclusion and equality throughout
the fashion industry.
- Launching Pride@Capri, our first employee resource group
focused on the LGBTQ+ community and its allies.
- Signing the Black and Fashion Council’s pledge to raise the
percentage of Black employees in executive- and junior-level
positions throughout our company.
- Achieving a score of 80 points out of 100 on our first
submission to the Human Rights Campaign Foundation’s Corporate
Equality Index.
Our Philanthropy —
- Contributing $3 million with our brands and our founders to
local and international organizations providing frontline and
emergency relief at the start of the COVID-19 pandemic.
- Donating $35 million of Michael Kors product to poverty and
disaster-relief through non-profit Delivering Good.
- Delivering more than 24 million school meals through the
Michael Kors Watch Hunger Stop campaign in partnership with the
United Nations World Food Programme.
- Continuing to support Women for Women International through The
Jimmy Choo Foundation.
- Supporting the Born this Way Foundation, a non-profit
organization committed to empowering and aiding the wellness of
young people, through Versace’s Pride 2021 programming.
The company conducted a Task Force on Climate-related Financial
Disclosures (TCFD) analysis to enhance its sustainability strategy
and programming. As a part of Capri’s commitment to transparency,
the report is supported by disclosures aligned with TCFD
recommendations, and for the second year, with the Sustainability
Accounting Standards Board (SASB) framework. The report also
includes information on how the company’s CSR activities and
strategic focus areas align to the United Nations Sustainable
Development Goals and the Ten Principles of the United Nations
Global Compact.
For more information on the company’s corporate social
responsibility program and to view the full 2021 report, visit
CapriHoldings.com/CSR.
About Capri Holdings Limited
Capri Holdings Limited is a global fashion luxury group,
consisting of iconic brands that are industry leaders in design,
style and craftsmanship. Its brands cover the full spectrum of
fashion luxury categories including women’s and men’s accessories,
footwear and ready-to-wear as well as wearable technology, watches,
jewelry, eyewear and a full line of fragrance products. The
Company’s goal is to continue to extend the global reach of its
brands while ensuring that they maintain their independence and
exclusive DNA. Capri Holdings Limited is publicly listed on the New
York Stock Exchange under the ticker CPRI.
Forward Looking Statements
This press release contains statements which are, or may be
deemed to be, “forward-looking statements.” Forward-looking
statements are prospective in nature and are not based on
historical facts, but rather on current expectations and
projections of the management of Capri Holdings Limited (the
“Company”) about future events, and are therefore subject to risks
and uncertainties which could cause actual results to differ
materially from the future results expressed or implied by the
forward-looking statements. All statements other than statements of
historical facts included in this press release may be
forward-looking statements. Without limitation, any statements
preceded or followed by or that include the words “plans”,
“believes”, “expects”, “intends”, “will”, “should”, “could”,
“would”, “may”, “anticipates”, “might” or similar words or phrases,
are forward-looking statements. These forward-looking statements
are not guarantees of future financial performance. Such
forward-looking statements involve known and unknown risks and
uncertainties that could significantly affect expected results and
are based on certain key assumptions, which could cause actual
results to differ materially from those projected or implied in any
forward-looking statements. These risks, uncertainties and other
factors are set forth in the reports that the Company files from
time to time with the U.S. Securities and Exchange Commission,
including the Company’s Annual Report on Form 10-K for the fiscal
year ended March 27, 2021 (File No. 001-35368). Any forward-looking
statement in this press release speaks only as of the date made and
the Company disclaims any obligation to update or revise any
forward-looking or other statements contained herein other than in
accordance with legal and regulatory obligations.
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version on businesswire.com: https://www.businesswire.com/news/home/20211215005166/en/
Investor Relations: Jennifer Davis (201) 514-8234
Jennifer.Davis@CapriHoldings.com
Media: Dinesh Kandiah (917) 934-2427 Press@CapriHoldings.com
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