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We know that the success of our company is directly linked to the sustainability of the world 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. For more information on our key sustainability goals, our plans for getting there, and the progress we have made, we invite you to review our latest Corporate Social Responsibility Report

CLIMATE CHANGE, ENERGY & EMISSIONS

The awareness and urgency to tackle the climate crisis has never been greater. We remain committed to a low carbon future and believe we have a responsibility to reduce our greenhouse gas (GHG) emissions in line with the best available climate science. We are working to lower our GHG footprint by cutting our electricity consumption and driving energy efficiency across our retail stores, distribution centers and offices. We also seek to avoid GHG emissions by powering our sites with renewables wherever possible. Our company is further scaling our renewable energy use by investing in both renewable energy credits (RECs) and longer-term renewable projects, such as virtual power purchase agreements (VPPAs). To offset the emissions we are unable to reduce or avoid, we intend to explore carbon-saving projects such as deforestation and forest conservation initiatives in areas where we do business. 

SUPPLY CHAIN TRACEABILITY 

Traceability is a critical first step toward environmental and social responsibility, and we are dedicated to driving transparency and responsible business practices throughout our value chain. Fashion supply chains are notoriously long and complex, yet we are investing in the resources and technology to enable us to dig deep. Having reliable data on each step of our products’ life cycles gives us the ability to identify the greatest risks and opportunities in our supply chain. We engage in risk assessments for our supply chain focusing on the supply chains that post the greatest environment and social risks, and the raw materials most important to our brands (based on our spend and volume of use). We believe that by understanding our greatest supply chain and raw material risks and opportunities, our design and production teams can make more sustainable sourcing decisions.  

LOWER-IMPACT MATERIALS 

Sustainability starts with design. Our teams design and develop luxury products taking into account the principles of quality and longevity. We seek to offer more products that are sustainable and eco-conscious. We are taking a holistic look at the raw materials our brands source – considering their potential impacts on climate change, human rights, deforestation, biodiversity, wastewater and more – along with the opportunities certain raw materials present to not only lower our negative impact, but to additionally drive positive change. 

BIODIVERSITY & DEFORESTATION

We are committed to preserving and restoring biodiversity, paying particular attention to avoiding deforestation and forest degradation associated with the leather and packaging supply chains. 

Minimizing our impact on natural resources not only helps to protect vital ecosystems, but also supports our fight against climate change and efforts to reduce our Scope 3 GHG emissions. We believe our supply chain traceability work will enable us to identify and measure the impacts to biodiversity across our value chain. These insights will help inform our lower-impact raw material strategies in order to help our brands avoid and reduce negative impacts on the planet, including on biodiversity. In addition to our commitment to avoid and reduce negative impacts on natural ecosystems, we continue to explore initiatives aimed at conserving, restoring, regenerating and supporting biodiversity and natural ecosystems, such as regenerative agricultural practices and forest restoration projects. 

We know collaboration here is critical, and we are working alongside other signatories of The Fashion Pact by supporting the development of resources to drive collective action towards zero deforestation1 and sustainable forest management by 2025. As part of this commitment, we are focused on the commodities we use that pose the highest risk, including leather and paper. We continue to increase our procurement of recycled paper and paper certified from sustainably managed forests. The leather supply chain is complex, and risks of deforestation remain due to land conversion for grazing and soy-based animal feed. We are engaging with our suppliers to avoid sourcing hides from countries with a high risk of deforestation and we support the work of industry groups including the Leather Working Group (LWG), Leather Impact Accelerator (LIA) and the Responsible Luxury Initiative (ReLI) to develop more robust verification schemes to ensure leather is deforestation- and conversion-free. 

SUSTAINABLE PACKAGING & REDUCING WASTE

The waste generated by our industry is a continuing problem and we know we can do better – starting by reducing the impact of our packaging. We are working to continually drive sustainable sourcing decisions for point-of-sale (POS), on-product, e-commerce and transport packaging across all of our brands. Our company is focused on eliminating plastic from our packaging and where not feasible, ensuring all plastic is recyclable, compostable, recycled or reusable. We are partnering with our packaging suppliers to explore alternatives to single-use plastic, such as plastic polybags used in e-commerce deliveries. By increasing the amount of recyclable packaging we source, while right-sizing the amount of packaging materials we use, we seek to avoid packaging waste. We are also working to reduce fabric and textile waste across our brands through new and expanded partnerships with third parties, in addition to educating our teams and our customers on the ways they can help us achieve our waste reduction goal and improve their own waste footprints. 

RESPONSIBLE WATER USE & CHEMICAL MANAGEMENT

Our company uses water at every stage in its value chain – and we are committed to ensuring it remains free from hazardous chemicals and available to water-stressed sourcing communities. We acknowledge that our agricultural supply chain, including leather production and tanning, has one of the most significant impacts to water use and quality within our business. By leveraging the tools and resources of multi-stakeholder initiatives like the Sustainable Apparel Coalition, ZDHC Roadmap to Zero Programme and Leather Working Group, we seek to reduce the water footprint associated with our brands’ products and support best practices around chemical management.

1 Aligned to the Accountability Framework’s definitions of high conservation value (HCV) and High Carbon Stock (HCS) forests and natural ecosystems with a cut-off date of Dec 31 2019.

For more information on Capri’s environmental goals and initiatives, we invite you to review our latest Corporate Social Responsibility Report

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Investor Relations Contact

Jennifer Davis, VP of Investor Relations
+1 201 514 8234 | Email

 

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