Climate and Net Zero Targets
Scope 1 and 2: No – Reduce Scope 1 and 2 by 50% by 2030 compared to a 2019 baseline

Scope 3: No – Scope 3 target is for a 50% absolute reduction of GHG emissions associated with Purchased Goods & Services by 2030, compared to a 2019 baseline. Company communicates this is in line with a 2 degree pathway.

Mid-term (2035/2040) milestones: No strong mid-term milestones. The company communicated to Stand.earth it plans to submit new Science Based Targets in 2025, including a long term net zero target and FLAG aligned targets in reference to the company’s new 2024 baseline. They aim to publish this later this year.

Net Zero Roadmap: No net zero commitments yet. The company communicated to Stand.earth it plans to submit new Science Based Targets in 2025, including a long term net zero target and FLAG aligned targets in reference to the company’s new 2024 baseline. They aim to publish this later this year.

Renewable Energy Targets
Own operations RE target: The company communicated to Stand.earth that it has set a target of utilizing 100% renewable energy across its operations by the end of 2025. In the 2024 report, Capri shared that it had invested in 79% renewable energy, including EACs and a VPAA through RE100. In February 2025, the company engaged in a PPA with Estonian Solar for a 21 MW portion of the project.

Supply chain RE target: No

Thermal Coal Phase Out
2030 Coal Phase-out Target: No mention of coal or thermal energy.

Thermal energy transition/ electrification: No mention of coal or thermal energy.

Transparency
Emissions data: The company provides clear history for Scope 1 and 2 emissions. It provides a category breakdown for Scope 3 in a given year. This is not broken down by supply chain tier or country.

Supply chain energy data: No

Supplier lists published: No. The company shares its Tier 1 supplier list on the Open Supply Hub. 8 facilities in Bangladesh according to this list.

Supplier list link
p.24 CSR report

Training, feasibility studies, and non-financial support for climate action
The company communicates it is engaging with its suppliers on carbon and setting SBTs. It said that 11% of its production volume in 2024 was sourced from Tier 1 suppliers who have set near-term SBTs in line with SBTi guidelines, and an additional 23% came from Tier 1 suppliers who plan to set SBTs, according to data from the Higg FEM. Capri says it is committed to helping SMEs in measuring and reducing their emissions. 36 Versace and Jimmy Choo suppliers engaged with the carbon engagement program. It now reports that 25% of suppliers have participated in this program and validated their targets with SBTI.

Additional, targeted support for transition planning: Less around feasibility and transition. Carbon engagement program appears to be focused on target setting.

Financial Support for Decarbonization
Loans and financing: The company communicates that it wants to financially support key supply chain partners on their emissions measurement and reduction journeys through our carbon engagement program. It also says that it wants to encourage decarbonization practices across the supplier base, including through renewable energy investments and operational efficiencies. There is no transparency on the amount invested in such support or reporting on the impact.

Collective financing initiatives: Unclear

Direct/debt-free financing: Unclear

Responsible/equitable buying to enable climate action
Purchasing decisions incentivize climate action: Not really. The company encourages suppliers to disclose their environmental performance through the Higg FEM but it is not a condition of contract. Capri communicates that ‘The requirements of our supply chain compliance program are aimed at addressing the most salient environmental and social risks in our value chain, including those related to fundamental human rights.’

Equitable/long-term sourcing to enable climate action: No policies shared in response.

Prices enable climate action: No policies shared in response.

Climate Adaptation
Adaptation/worker just transition training funded or provided: The company says it wants to financially support suppliers and has invested in its carbon engagement program. However, no transparency over values or details on training beyond target setting has been found.

Emergency support developed with local groups: No evidence

Decarbonization Progress
Reducing manufacturing emissions: Scope 3 category 1 emissions increased slightly in 2023. Changes to baseline data and calculation methodology make longer term emissions trajectory unclear.

Increasing supply chain renewable electricity: No disclosure.

Coal phase out transition progress: No disclosure.

Commitment to phase out fossil fuel-derived fibers
No commitments at this time, company communicated.

Deforestation-free materials
Leather: Yes. Company published Forest Protection Policy last year which communicates our 2025 goal of a deforestation- and conversion-free supply chain that also safeguards and respects human rights. This policy aligns with our commitment to the Deforestation-Free Call to Action for Leather, a public pledge initiated in 2023 and co-led by Textile Exchange, LWG and World Wildlife Fund.

Man-made Cellulosic Fibers: Unclear. Company doesn’t mention MMCF in relation to biodiversity. Still makes up 5% of material mix.

Low-carbon materials
No strong evidence. Company communicated designers take into account principles of quality and longevity.

Increasing Circularity
No clear detail on progress or specific target. Has previously used recycled cotton in certain products, such as Versace sneakers. No clear targets to increase recycled, organic and regenerative cotton. Some brands offer resale and repair options for luxury products.

Target & increase recycled cotton
No clear detail on progress or specific target. Has previously used recycled cotton in certain products, such as Versace sneakers.

100% recycled/organic/regen cotton + wool, report on progress
No clear detail.

Support farmers, transition to regen/organic farming
No strong examples.

Resale/repair – % total sales/disclosure on #
Varies according to brand owned by Capri Holdings. Versace offers repairs for watches and sunglasses. Jimmy Choo offers repairs, after care service and resale via the RealReal. Michael Kors offers pre-loved.

Direct link resale/repair to reduce production
No

Materials transparency
Shares material mix: The company shares this by % of total fibre basket and emissions. Priority materials; 24% leather, 22% polyester, 21% cotton, 12% coated textiles, 11% etals, 5% MMCF, 5% other raw materials.

Provides data on units sold: No

Capri Holdings reports very limited action on upstream shipping. The company does not currently include upstream shipping target, and its company’s emissions increased by 21% in just one year. Positively, Capri does meet the benchmark of limiting air transport of goods to just 1% of products, although it does not disclose the full picture of its transportation modes.

Actions to reduce the impact of marine shipping: Limited. Capri Holdings communicates that ‘In addition to choosing more eco-friendly shipping methods, we seek to reduce transportation legs by utilizing in-region warehouses and origin cargo management services, leveraging pool networks and streamlining product movement through bypass programs with certain wholesale customers.’

No evidence of action or commitments to support a transition to zero emission marine shipping by 2030.

The company referenced its membership of RE100. However, there are no strong direct examples of advocacy on renewable energy outside of this.