Our sustainability journey
Sustainability Report
In 2013, before any mandatory requirement, the Prada Group publishes its first Sustainability Report.In 2015, the document was drawn up in compliance with the GRI (Global Reporting Initiative) Sustainability Reporting Standards.
Shaping a Future
Since 2017, the Prada Group has promoted a series of cultural events entitled "Shaping a Future" with the aim of stimulating a debate on the most significant changes taking place in contemporary society.
Prada Re-Nylon
In 2019 the Group presents Prada Re-Nylon Collection, reaching the full conversion of the production of virgin nylon into regenerated nylon by the end of 2021. As of July 2023, 1% of Prada Re-Nylon Collection proceeds supports SEA BEYOND.
SEA BEYOND
In 2019, Prada Group and UNESCO’s Intergovernmental Oceanographic Commission (IOC) presented SEA BEYOND, the educational program dedicated to ocean preservation. In 2023, the project extended its scope beyond education with the support for scientific research and humanitarian projects related to the ocean.
Fur-Free Policy
In 2019, the company announces a Fur-Free Policy for all its brands, starting from the Spring/Summer 2020 Women’s collections.
Diversity, Equity and Inclusion
In 2019, the Prada Group establishes the Diversity and Inclusion Advisory Council, helping to bring more voices into the Group’s processes, projects and products. In 2020, the company appoints Malika Savell as Chief D,E&I Officer for The Americas.
Fashion Pact
In 2019, the Prada Group signs the Fashion Pact among its first signatories, to pursue concrete objectives in terms of climate, biodiversity, and ocean.
ESG Loans
Prada S.p.A. is the first company in the luxury goods sector to take out a series of Sustainability-linked Loans. To date, the Group has signed three agreements: in 2019 with Crédit Agricole, in 2020 with Mizuho and in 2021 with UniCredit.
Climate Strategy
In 2020, the Prada Group measures its Carbon Footprint for the first time. In November 2021, during the Capital Markets Day, the Company presented its Climate Strategy according to a series of emission reduction targets approved by the Science-Based Targets Initiative (SBTi).
Reinforcing sustanability governance
In 2020 Lorenzo Bertelli becomes Head of Corporate Social Responsibility of Prada Group. In 2022, the Board of Directors of Prada S.p.A establishes the Sustainability Committee, while 2023 sees the appointment of an Industrial Sustainability Director and the publication of a Suppliers Code of Conduct to accelerate the implementation of the sustainability strategy.
Partnership with Forestami
In 2022, the Prada Group supports the award-winning urban forestation project Forestami, which plans to plant 3 million trees in and around Milan but 2030. In the three-year period of 2023-2025, the collaboration between the Prada Group and Forestami extends to the creation of Forestami Academy training program for citizens.
The Textile Exchange membership
In 2022, the Prada Group has become Member of Textile Exchange, the global nonprofit organization in the fiber and materials industry that guides companies towards a more purposeful production from the very start of the supply chain.
Leather Working Group membership
The Prada Group became member of the Leather Working Group (LWG) in 2022, further strengthening its commitment to a more sustainable raw material sourcing.
Prada Eternal Gold
In 2022, Prada presented Eternal Gold, the first sustainable fine jewelry collection using 100% certified recycled gold, increasingly responsible practices across its value chain.
Prada Group x UNFPA
In 2022 Prada Group and UNFPA launched a pilot program of the “Fashion expressions: the stories she wears” training program to introduce young women and girls in Ghana and Kenya to fashion as a powerful tool for social and economic empowerment. Now that the program has been completed in Africa, the UNFPA and the Prada Group are looking to expand to other regions, particularly Latin America, in 2024.
Re.Crea Consortium
From 2022, the Prada Group is founding partner of Re.Crea Consortium, which has the main objective to manage end-of-life textile and fashion products and to promote the research and development of innovative recycling solutions.
Prada Group hires more than 400 workers in the industrial area
In March 2023, Prada Group announces a major recruitment plan for over 400 resources in Italy to enrich internal production skills and ensure the know-how preservation.
The Collective Virtual Power Purchase Agreement
Through its partnership with The Fashion Pact, in 2023 the Group joins a Collective Virtual Power Purchase Agreement (CVPPA) that brings together 12 companies of different sizes to access renewable energy as a group.
UN Global Compact and Zero Discharge of Hazardous Chemicals
During 2023, the Prada Group becomes part of networks relevant to its sustainability strategy, launching partnerships with the UN Global Compact and Zero Discharge of Hazardous Chemicals (ZDHC) platform.
Fashion Task Force
In February 2024, Prada Group joined the Sustainable Markets Initiative’s Fashion Task Force which is committed to developing and accelerating action-oriented solutions across the global fashion, textile, and apparel sectors to speed up the transition towards a more sustainable future.
PRADA GROUP JOINS VALORE D
Prada Group joins Valore D, the network of companies dedicated to promoting an inclusive culture, which enhances gender balance and cultural and generational diversity, through dialogue with companies and institutions.