Capri Holdings Sustainability Profile
Capri Holdings Limited, commonly known as Capri Holdings, is a prominent global fashion luxury group headquartered in the United States. Founded in 1981, the company has established itself as a leader in the luxury fashion industry, primarily operating in North America, Europe, and Asia. Capri Holdings encompasses renowned brands such as Michael Kors, Versace, and Jimmy Choo, each offering distinctive products that blend innovative design with high-quality craftsmanship. The company has achieved significant milestones, including its successful acquisition of Versace in 2018, which bolstered its market position. Capri Holdings is celebrated for its diverse portfolio, providing a wide range of luxury apparel, accessories, and footwear. With a commitment to sustainability and creativity, Capri Holdings continues to set trends and redefine luxury in the ever-evolving fashion landscape.
DitchCarbon Score
How does Capri Holdings's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Business Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Capri Holdings's score of 59 is higher than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Capri Holdings's reported carbon emissions
In 2024, Capri Holdings reported total carbon emissions of approximately 1,263,468,000 kg CO2e. This figure includes about 13,593,000 kg CO2e from Scope 1 and 2 emissions, while the majority, approximately 1,249,875,000 kg CO2e, falls under Scope 3 emissions. The Scope 3 emissions breakdown reveals significant contributions from purchased goods and services (about 884,941,000 kg CO2e) and capital goods (approximately 46,149,000 kg CO2e). In 2023, Capri Holdings' total emissions were about 1,218,632,000 kg CO2e, with Scope 1 emissions at approximately 4,811,000 kg CO2e and Scope 2 emissions at about 11,074,000 kg CO2e. The Scope 3 emissions for that year were around 1,071,947,000 kg CO2e, again highlighting the substantial impact of purchased goods and services. Capri Holdings has set ambitious targets to reduce its carbon footprint. The company aims for a 50% reduction in absolute Scope 1 and 2 greenhouse gas emissions by 2030, using 2019 as the baseline year. This target has been validated by the Science Based Targets initiative (SBTi). Additionally, Capri Holdings is committed to a similar 50% reduction in Scope 3 emissions from purchased goods and services by the same deadline. Looking towards the future, Capri Holdings is developing a long-term net-zero target, with a timeframe extending to 2050. This commitment reflects the company's recognition of the urgent need to address climate change and its intention to align with global climate goals.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | 0,000,000 | - |
| Scope 2 | - | - | - | - | 00,000,000 | - |
| Scope 3 | - | - | - | - | 0,000,000,000 | 0,000,000,000 |
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Capri Holdings's Scope 3 Categories Breakdown
Capri Holdings's Scope 3 emissions, which increased by 17% last year and increased by approximately 17% since 2023, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 71% of Scope 3 emissions.
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Capri Holdings's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Capri Holdings has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Salvatore Ferragamo
Frequently Asked Questions
Common questions about Capri Holdings's sustainability data and climate commitments