After scrapping plans to become a public company 4 times in 10 years, Prada listed on the Hong Kong stock exchange in June 2011.
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 2015][More on Forests]
This company received a score of 2.5/100 (retrieved 14-Feb-2018) in the Corporate Information Transparency Index (CITI), a system for evaluating supply chain practices in China, particularly in regards to environmental management and water pollution. Scores are calculated using government compliance data, online monitoring data, and third-party environmental audits, as well as trends in the environmental performance of factories in the company's supply chains.
[Source 2018][More on Habitats]
In 2018 KnowTheChain benchmarked 120 large global companies in the ICT, Food & Beverage, and Apparel & Footwear sectors on their efforts to address forced labour and human trafficking in their supply chains. This company received a score of 5/100.
[Source 2018][More on Workers Rights]
Rank a Brand searches the websites of brands for the answers to carefully targeted questions. From this they calculate sustainability scores based on the themes of environment, climate, labor issues, and transparency. Brands owned by this company received an 'E', the lowest possible score.
[Source 2017][More on Sustainability Reporting]
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 2014][More on Sustainability Reporting]
The 2017 Corporate Human Rights Benchmark assessed 98 of the largest publicly traded companies in the world from the Agricultural Products, Apparel and Extractives sectors on 100 human rights indicators. This company's score was in the 20-29 band range. The overall average score was 28.7%.
[Source 2017][More on Human Rights]
This company has used fur in factory made clothing lines, and has not announced plans to stop.
[Source 2016][More on Animal Rights]
The 2018 Fashion Transparency Index looks at how much brands know about their supply chains, what kind of policies they have in place and importantly, how much information they share with the public about their practices and products. This company scored 15%, signifying it makes some efforts to manage and improve their supply chains but make little supply chain information publicly available. This company still has a long way to go towards supply chain transparency. The average score was 21% and the highest score was 58%.
[Source 2018][More on Sustainability Reporting]
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 2012][More on Workers Rights]
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 2009][More on Workers Rights]
This company has social responsibility claims on its website including annual Social Responsibility Reports since 2013 and a code of ethics.
[Source 2018][More on Sustainability Reporting]
The Forest 500 identifies, ranks, and tracks the governments, companies and financial institutions worldwide that together could virtually eradicate tropical deforestation. Rankings are based on their public policies and commitments and potential impacts on tropical forests in the context of forest risk commodities (palm oil, soya, beef, leather, timber, and pulp and paper). This company received a score of 3/5.
[Source 2016][More on Forests]
|Company Structure||Public company|
|Revenue||3.2 billion euros in 2017|
|# Employees||12,579 in 2017|
Products / BrandsPrada
Prada Luxury Brands