HIGHLIGHTS
Purpose and Values
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The Prada Group has been investing for a long time in energy efficiency, with the objective of reducing Greenhouse gases (GHGs) emissions, positively contributing to the global goal of fighting climate change.
Numerous projects have been implemented to different extent within industrial sites, corporate headquarters, and Retail spaces: from the purchase of certified renewable electricity to the installation of photovoltaic systems, from the conversion to LED lighting to the awareness of employees on a rational and correct use of energy.
The Prada Group has also achieved numerous LEED (Leadership in Energy and Environmental Design) certifications, confirming leadership among sector peers.
In line with this commitment, at the end of 2020, the Prada Group measured its first Carbon Footprint, related to 2019, that represents a fundamental step in the longer journey towards the progressive reduction of GHG emissions directly related to its operations and the value chain.
In 2021, to further strengthening the Group’s climate strategy, two ambitious carbon reduction targets have been approved by the Science Based Targets initiative (SBTi):
- Reduce absolute scope 3 greenhouse gas emissions 42% by 2029 from a 2019 base year.
The scope 1 and 2 target focuses on emissions from direct operations - including electricity, gas consumption, the Group’s car fleet, and f-gas leakages.
The scope 3 target relates to indirect emissions in the Prada Group’s extended value chain. The perimeter of the analysis took into account all upstream and downstream activities of Prada’s value chain, including the sourcing of raw materials, energy consumption related to manufacturing activities of craft artisan workshops and suppliers of finished products, inbound and outbound logistics, employee commuting, energy consumption related to leased assets, business travels and waste generated in operations.
Within the SBTi, the Prada Group also signed the most ambitious goal of the Paris Agreement, Business Ambition for 1.5°C, and committed to reach Net Zero by 2050.
CDP (Carbon Disclosure Project)
Since 2021, the Prada Group has voluntarily participated in the CDP - Climate Change questionnaire to favour transparency in the reporting of CO2 emissions. Below is the link to the CDP’s dedicated section for companies taking part in the questionnaires, where the different scores are available.
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