Prada
OVERALL |
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Owned |
ITA |
Rating |
Luxury goods
Italian luxury fashion house founded in 1913 by Mario Prada. Listed on the Hong Kong stock exchange in June 2011.
Prada SpA | ITA | website |
Company Assessment
PRAISE | CRITICISM | INFORMATION | ||
Prada SpA | ||||
In 2023, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to reduce greenhouse gas emissions and mitigate climate change risk. Responding companies are scored across four key areas: disclosure; awareness; management; and leadership. This company received a CDP Climate Change score of A-.
Source: CDP (2023)
In 2023, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to manage and govern freshwater resources. Responding companies are scored on six key metrics: transparency; governance & strategy; measuring & monitoring; risk assessment; targets & goals; and value chain engagement. This company received a CDP Water Security score of B.
Source: CDP (2023) |
In 2023 KnowTheChain benchmarked 65 apparel and footwear companies on their efforts to identify and tackle forced labour risks in their supply chains. This company received a score of 9/100. The average score was 21/100 and the highest score was 63/100.
Source: KnowTheChain (2023)
This company's Miu Miu subsidiary appears on PETA's (People for the Ethical Treatment of Animals, USA) 'Companies That Do Test On Animals' list, signifying that they either test on animals or pay a laboratory to conduct tests on animals.
Source: PETA (2022)
The Green Supply Chain Corporate Information Transparency Index (CITI) evaluates consumer-facing companies that have a sizeable supply chain in China. The evaluation uses government supervision data and public information to assess the environmental management of their supply chains in China. This company received a score of 18.82/100 (retrieved 24 Nov 2023).
Source: IPE (2023)
Forest 500 identifies the 350 companies and 150 financial institutions with the greatest exposure to tropical deforestation risk, and annually assesses them on the strength and implementation of their deforestation and human rights commitments. This company received a score of 22%.
Source: Forest 500 (2022)
The 2023 Corporate Human Rights Benchmark assessed 55 companies in the apparel sector on their human rights performance. This company received a score of 11.7%. The overall average score was a disappointing 18.2% and the highest score was 53.4%.
Source: World Benchmarking Alliance (2023)
The 2023 Gender Benchmark ranks 112 companies from the apparel and food and agriculture sectors on their efforts to drive gender equality and women's empowerment across their entire value chain. Companies are assessed on governance and strategy, representation, compensation and benefits, health and well-being, violence and harassment, and marketplace and community. This company ranked #95/112, with a total score of 12.7%. The average score was 23% and the highest score was 55%.
Source: World Benchmarking Alliance (2023)
This company received an S&P Global ESG Score of 25/100 in the Textiles, Apparel & Luxury Goods category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 18 Nov 2022). The rankings are based on an analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, environmental reporting, climate strategy, human rights and labour practices.
Source: S&P Global (2022)
The 2022 Nature Benchmark ranks 400 companies across eight industries on their efforts to protect our environment and its biodiversity. The companies were assessed using three measurement areas: governance and strategy; social inclusion and community impact; and ecosystems and biodiversity. This company ranked #164/400, with a total score of 17.2/100.
Source: World Benchmarking Alliance (2022) |
In 2015 the Rainforest Action Network (RAN) released a report documenting the results of decades of irresponsible fabric sourcing including land grabbing, forest destruction and human rights abuse to forest-dependent communities caused by deforestation from tree-based fabric production companies. This company was one of the "Fashion Fifteen" implicated in the report for irresponsibly sourcing tree-based fabrics such as rayon and viscose.
Source: RAN (2015)
The Clean Clothes Campaign has called on factories' buyers to put a stop to repression and discrimination in their supply chains. Many of the buyers, including Prada, have failed to take responsibility for the workers who produce their goods. The factory is based in Turkey. [Listed under Information due to age of report]
Source: Clean Clothes Campaign (2009)
This company claims sandblasting doesn't take place in their supply chains, but haven't issued a public ban on the practice. Sandblasting is a dangerous and deadly process which involves workers firing sand at jeans under high pressure. It has been known to kill workers within months as the inhalation of large amounts of silica dust generated during sandblasting causes silicosis, a potentially lethal pulmonary disease.
Source: Clean Clothes Campaign (2012)
This company received a score of 11.1/100 in the Newsweek Green Rankings 2014, which ranks the world's largest publicly traded companies on eight indicators covering energy, greenhouse gases, water, waste, fines and penalties, linking executive pay to sustainability targets, board-level committee oversight of environmental issues and third-party audits. Ranking methodology by Corporate Knights.
Source: Newsweek (2014)
As listed on the We Mean Business website, this company has committed to the following climate action initiatives: adopt a science-based emissions reduction target.
Source: We Mean Business (2021)
This retailer has committed to being a fur free retailer, as recognised by the International Fur Free Retailer Program.
Source: Fur Free Retailer (2019)
This company has social responsibility claims on its website including annual Social Responsibility Reports since 2013 and a code of ethics.
Source: company website (2018)
This company is a member of the Leather Working Group, a multi-stakeholder group who's objective is to develop and maintain a protocol that assesses the compliance and environmental performance of tanners and promotes sustainable and appropriate environmental business practices within the leather industry.
Source: Leather Working Group (2022)
This company is a member of The Fashion Pact, a global initiative of companies in the fashion and textile industry (ready-to-wear, sport, lifestyle and luxury) including their suppliers and distributors, all committed to a common core of key environmental goals in three areas: stopping global warming, restoring biodiversity and protecting the oceans.
Source: The Fashion Pact (2022)
California, the UK and Australia have all enacted legislation requiring companies operating within their borders to disclose their efforts to eradicate modern slavery from their operations and supply chains. Follow the link to see this company's disclosure statement.
Source: company website (2017)
Business & Human Rights Resource Centre digital platform presents news and allegations relating to the human rights impact of over 20,000 companies. Their enhanced Company Dashboards also include financial information, key data points based on corporate policies, and scores from prominent civil society benchmarks. Follow the link and use the search function to view this company's dashboard.
Source: BHRRC (2022)
The 2023 Fashion Transparency Index reviewed 250 of the world's largest fashion brands and retailers and ranked them according to how much they disclose about their human rights and environmental policies, practices and impacts. Brands owned by this company scored 34%, signifying it is publishing suppliers lists as well as detailed information about their policies, procedures, social and environmental goals, supplier assessment and remediation processes, and is more likely to be addressing issues such as living wages and collective bargaining. The average score was 26% and the highest score was 83%.
Source: Fashion Revolution (2023) |
Company Details
Type | Public company |
Revenue | 3.2 billion EUR (2017) |
Employees | 12,579 (2017) |
Contact Details
Address | Milan, Italy |
Website | www.pradagroup.com |
Products / Brands
Prada
Miu Miu Luxury Brands Prada Luxury Brands |