US' Capri Holdings' brands strive for sustainable luxury products

In its recently published CSR report, the company’s targets are related to environmental sustainability and climate change, human rights, diversity and inclusion, and philanthropy, Capri Holdings said in a press release.

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. The report has covered the company’s activities to drive meaningful progress towards those goals during fiscal 2021 along with some of the major CSR-related activities undertaken during the first half of fiscal 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 organisation for demonstrating how business can truly be a force for good.”

The company also 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.

Fibre2Fashion News Desk (RR)