On EarthDay, Capri Holdings Limited announced its plans to become 100% carbon neutral in its direct operations and to source 100$ of energy for its owned and operated facilities from renewable sources by 2025
Jennifer Lopez wearing Versace Spring 2020. Photo: MIGUEL MEDINA/AFP via Getty Images Throughout the fashion industry, there’s talk of using this unfortunate moment of pause as an opportunity to rethink the business going forward.
On Earth Day, global fashion luxury group Capri Holdings Limited, which owns Versace, Michael Kors, and Jimmy Choo, announced its plans to become 100 percent carbon neutral in its direct operations and to source 100 percent of energy for its owned and operated facilities from renewable sources by 2025. The company will also commit to set emissions-reduction targets across its operations and supply chain by 2021, using the Science Based Targets initiative.
In addition to its overarching goals, Capri Holdings also announced more specific initiatives, which sound promising. They include: “Carbon neutrality” has been a buzzword in fashion for some time now. Brands like Gucci have announced similar goals. It’s impossible to know what the world will look like in 2025, and whether or not Capri Holdings will stick to these goals, but it’s better to start working toward a better future late than never.
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