Our sustainability journey
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.
In 2019 the Group presents Prada Re-Nylon collection, reaching, at the end of 2021, the full conversion of the production of virgin nylon into regenerated nylon.
The Company, in 2019, announces Fur Free policy for all its brands, starting from the Spring/Summer 2020 Women’s collections.
Diversity, Equity and Inclusion
Prada Group establishes, in 2019, 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 Prada North America and, starting from 2021, engages in promotion and training programs for talents, with the goal of increasing diversity representation.
In 2019, the Prada Group signs the Fashion Pact among its first signatories, to pursue concrete objectives in terms of climate, biodiversity, and ocean.
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.
The Valuable 500
The Prada Group is the first fashion luxury player to join The Valuable 500, the global community putting disability on the business leadership agenda.
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 takes the role of Head of Corporate Social Responsibility of Prada Group. In 2022, the Board of Directors of Prada S.p.A. establishes the Sustainability Committee, to obtain support in assessments and decisions on sustainability-related issues.
Dorchester Industries Experimental Design Lab
The Prada Group and Theaster Gates, artist and Chairperson of Group’s Diversity and Inclusion Advisory Council, in 2021 presented the Dorchester Industries Experimental Design Lab, a three-year programme which aims to support and amplify the work of designers of color across the creative industries.
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
Prada Group and UNFPA, in 2022, launched a pilot of the training programme “Fashion Expressions: The Stories She Wears” that aims to provide young women from Ghana and Kenya with valuable knowledge and practical skills in the fashion industry.
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.
The Collective Virtual Power Purchase Agreement
A forerunner of technological innovation and green energy transition, the Prada Group in 2022 announced the Collective Virtual Power Purchase Agreement (CVPPA) initiative along with other signatories of The Fashion Pact.
Partnership with Forestami
From 2022, the Prada Group supports the award-winning urban forestation project Forestami, which plans to plant 3 million trees in and around Milan by 2030. In the three-year period of 2023-2025, the collaboration between the Prada Group and Forestami extend to the creation of Forestami Academy training programme for citizens.