Capri Holdings, Prada, and Kering, three of the world’s most prestigious luxury brands, have announced three new environmental and social responsibility initiatives. The Capri Holdings Foundation for the Advancement of Diversity in Fashion has been developed by Capri Holdings. The foundation has pledged a $20 million commitment to promote diversity, inclusion, and equity in the fashion industry. It will build on-campus recruitment, mentorship, and scholarship services to help students prepare for successful fashion careers.
Prada wants to encourage disabled people’s inclusion and value within multinational companies. The brand is currently evaluating a variety of realistic options in order to develop a long-term inclusivity action plan, beginning with the recruiting of people with Down’s syndrome within its Italian commercial organization. Kering, a French luxury goods company, has partnered with Conservation International, a non-profit organization dedicated to biodiversity conservation, to create the Regenerative Fund for Nature. Over the next five years, the brand hopes to transform 1 million hectares of farmland and landscape where raw materials for the apparel supply chain are grown to regenerative agriculture. The fund will benefit farmers directly by funding projects in a variety of countries. Applications for the first round of funding were being accepted until April 30, 2021.
