Michael Kors and Jimmy Choo Owner Capri Holdings Announces Global Corporate Social Responsibility Goals
Capri Holdings Limited, a global fashion luxury group that owns Michael Kors and Jimmy Choo to name a few, is proud to release its first group-wide corporate social responsibility strategy on the 50th anniversary of Earth Day.
The report builds upon the meaningful initiatives that each of the company’s brands has already been working on, and outlines the company’s global strategy to achieve significant, measurable goals across a range of important environmental and social sustainability issues, including material sourcing, greenhouse gas emissions, water use, waste reduction, diversity and inclusion and philanthropic giving.
The company’s corporate social responsibility strategy is divided into three areas:
1. Our World — focused on actions across the company’s operations and supply chain, meant to significantly reduce its environmental impact;
2. Our Community — fostering a supportive, healthy, diverse and inclusive workplace for all of the company’s employees;
3. Our Philanthropy — connecting the talents, energy and success of each of the company’s brands to those in need around the world.
All of the goals and objectives in the Capri Holdings corporate social responsibility report support the United Nation’s 17 Sustainable Development Goals.
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. Building on 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 organization, 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, including the milestone 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. Early last year, soon after we created our global fashion luxury group, Capri Holdings, we assessed the sustainability efforts each of our brands was already undertaking, along with the core values shared by them. We also considered the responsibilities we collectively hold to the environment, to the communities in which we operate, and to the people with whom we work. We recognize that as our company grows, so do our responsibilities, and welcome the opportunity to do more. We believe that sound environmental and social policies are both ethically correct and fiscally responsible. To that end, we are committed to improving the way we work in order to better the world in which we live.”
Coinciding with the release of the company’s corporate social responsibility goals and objectives, Chairman and Chief Executive Officer of Capri Holdings 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 align its strategies and operations with universal principles on human rights, labor, the environment and anti-corruption, and its commitment to advance societal goals relating to sustainability.
In addition to its commitment to the UN Global Compact, Capri Holdings has previously signed the UN Women’s Empowerment Principles, the Fashion Pact, the CEO Action for Diversity & Inclusion and the Open to All Pledge, signaling its partnership with industry groups, corporate social responsibility leaders and other brands to create lasting change and increase the collective impact around environmental and social sustainability.