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 the first capsule collection of Prada Re-Nylon bags for Men and Women, made with regenerated nylon by recycling plastics collected worldwide from landfills, textile fiber waste and the ocean.
As of July 2023, 1% of the proceeds from the Prada Re-Nylon for SEA BEYOND Collection benefit SEA BEYOND.
SEA BEYOND
Prada Group's cultural commitment continues thanks to its partnership with UNESCO-IOC in support of SEA BEYOND: with a significant increase in the project's resources, ocean literacy activities are combined with support for scientific research and the development of humanitarian projects related to the protection of the sea.
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. In 2024, the Group also adopted an Animal Welfare Policy, a set of guidelines for the sustainable sourcing of animal-based raw materials.
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 a Chief DEI Officer for The Americas and, starting from 2021, engages in promotion and training programs for talents, with the goal of increasing diversity representation.
Fashion Pact
In 2019, 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 one of the first companies in the luxury industry to enter into a series of sustainability-linked loans. To date, the Group has signed agreements with Crédit Agricole for 2019, Mizuho for 2020 and UniCredit for 2021. In 2024, the Group signed a Revolving Credit Facility linked to ambitious sustainability targets related to the reduction of Scope 1, 2 and 3 GHG emissions, and the promotion of women in top and senior management positions.
Climate Strategy
In 2020, Prada Group measures its Carbon Footprint for the first time. In November 2021, during the Capital Markets Day, the Company presented its Climate Strategy and two emission reduction targets for its Scope 1, 2 and 3 GHG emissions 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, Prada Group became 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
Prada Group became member of the Leather Working Group(LWG) in 2022, further strengthening its commitment to a more sustainable raw material sourcing.
Prada Group x UNFPA
In 2022 Prada Group and UNFPA launched the “Fashion expressions: the stories she wears” training for young women and in Ghana and Kenya, to give value to cultural heritage and allow a deeper understanding of sexual and reproductive rights. The project is also being expanded to Mexico.
Re.Crea Consortium
From 2022, 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.
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
In 2023, 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 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
In 2024, 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.
The First Ocean Literacy World Conference
In June 2024, as part of the SEA BEYOND educational program, Prada Group and UNESCO-IOC organise a two-day event in Venice to bring together key global players to promote a greater understanding of the ocean and address issues related to its health and sustainability.