HIGHLIGHTS
Purpose and Values
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PRADA GROUP AND THE FASHION PACT
The Fashion Pact unites CEOs of global leading companies from the fashion and textile industries committed to ambitious environmental common objectives focused on three main pillars: the fight against climate change, the conservation of biodiversity and the protection of the ocean.
“Being part of this coalition makes us continually improve the analysis of our environmental impact and helps us to strengthen the relationship between company departments, to facilitate the implementation of concrete sustainable projects in scope with the Fashion Pact."
LORENZO BERTELLI, Prada Group Head of Corporate Social Responsibility
The Fashion Pact defined concrete targets in three key areas that are crucial for the preservation of the planet:
- Stop global warming: by creating and deploying an action plan to reach zero greenhouse gas emissions by 2050, in order to keep global warming below a 1.5°C pathway;
- Restore biodiversity: to restore natural ecosystems and protect species;
- Protect the ocean: by reducing the fashion industry’s negative impact on the ocean through practical initiatives.
Discover more: thefashionpact.org
THE CVVPA RENEWABLE ENERGY PROJECT
In December 2022, the Fashion Pact launched the Collective Virtual Power Purchase Agreement (CVPPA) initiative, aimed at accelerating renewable electricity adoption by investing in new clean energy infrastructure, beginning in Europe.
A first-of-its-kind for the fashion industry, the CVPPA project seeks to add over 100,000 MWh per year of new renewable electricity generation to the grid, accelerating the transition to clean energy while helping brands invest and progress towards achieving their sustainability targets. The Fashion Pact is working on future programs to expand geographically and include other industry players interested in reducing supply chain greenhouse gas and emissions.
“The Prada Group has always been at the forefront of clean energy development and procurement. We are proud to be contributing to this challenge by supporting the creation of critical infrastructure that will generate additional renewable energy capacity. This is an extremely innovative project, and we are pleased to be joining partners across the industry to make a concrete contribution to the Fashion Pact’s objectives and help tackle climate change.”
LORENZO BERTELLI, Prada Group Head of Corporate Social Responsibility
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