Prada

No leading practices were identified for the company in the governance and strategy area

No leading practices were identified for the company in the ecosystems and biodiversity area

No leading practices were identified for the company in the social inclusion and community impact area

Sustainability strategy and accountability
While Prada discloses its process for identifying and prioritising its most relevant sustainability impacts, the company does not disclose group-wide targets on key sustainability topics for the most material parts of its value chain according to the SBTN materiality table tool. The company also does not report whether it assigns decision-making and oversight responsibility for its sustainability strategy to the highest governance body. While Prada states it links performance criteria in senior executives’ remuneration policies to objectives which cover climate, no evidence that it links performance criteria in senior executives’ remuneration to targets on nature and social issues could be found in the public domain. Furthermore, although the company discloses that members of its highest governance body have relevant ESG expertise notably on human rights, no evidence that the company’s highest governance body has expertise with respect to its most material pressures on nature could be found in the public domain.

Stakeholder engagement
Prada does not disclose an overview of the issues raised during its stakeholder engagement activities. While the company discloses some of its partnerships, no evidence that the company discloses its process for engaging with stakeholder groups beyond its materiality assessment could be found in the public domain.

Lobbying
While Prada discloses some trade associations of which it is a member, this is not a complete list covering all geographies. The company also does not disclose a clear and detailed framework for assessing alignment of its trade associations with nature-positive policies nor does it report (potential) misalignment between the lobbying activities of its trade associations and nature-positive policies.

Impact and dependencies assessment
Prada has not holistically assessed its impacts or how it depends on nature, including biodiversity. It has an opportunity to start such an assessment across its value chains, focused on quantification of its impacts or dependencies.

Key areas and species
The company does not disclose key species or areas important for biodiversity affected by its operations or suppliers. It has an opportunity to increase its transparency.

Ecosystem conversion and restoration
No evidence was found regarding the company’s efforts to avoid ecosystem conversion, including deforestation, or promote restoration projects linked to the impacts they’ve had. The company has an opportunity to develop a strategy and publicly report on specific, time-bound targets.

Resource exploitation and circularity
Prada does not disclose its inputs, including its material footprint. The company does not report quantitatively on its group-wide circularity performance. It also does not disclose efforts to improve soil health.

Water
Prada demonstrates it is reducing water withdrawal in its own operations but it has an opportunity to disclose a time-bound target to reduce water withdrawal across its own operations. While the company reports how much water is withdrawn for its own operations in water-stressed areas, it does not engage with suppliers to reduce water withdrawal. The company discloses its processes for managing and monitoring discharge water quality but does not regularly report on water pollution. Prada also has an opportunity to disclose targets to reduce water pollution. Furthermore, the company does not disclose a commitment to respect the right to water nor does it disclose its processes for implementing preventive and corrective action plans for identified specific risks to the right to water and sanitation in its own operations.

Solid and air pollution
No evidence that Prada reduces the production of hazardous substances was found. The company does not disclose a commitment to avoid developing or marketing new chemicals or products with SVHC (substance of very high concern) properties. No evidence that the company is reducing the production of hazardous waste was found. Although Prada provides some information on some of its packaging in its clothing and leather goods divisions, no quantitative evidence that the company reduces plastic use and waste in its own operations in the most relevant part of its value chain (i.e. clothing) could be found in the public domain. The company also does not report on the amount of plastic waste generated and proportions directed from or to disposal. Furthermore, Prada does not report on air quality parameters of emissions of harmful air pollutants and has an opportunity to report time-bound targets to reduce air pollutants across the most material parts of its value chain.

GHG emissions
Prada’s scope 1 and 2 emissions target is aligned with a 1.5-degree trajectory but the company does not report progress against its scope 1 and 2 emissions target. The company’s scope 3 emissions target is also aligned with a 1.5-degree trajectory. Nevertheless, Prada also does not report progress against its scope 3 emissions target.

Invasive species
The company has not identified any activities that could lead to the introduction of invasive alien species in its own operations.

Safe, clean, healthy and sustainable environment 
Prada does not disclose a commitment to respecting local communities’ right to a safe, clean, healthy and sustainable environment or to zero tolerance for acts of violence, threats, intimidation or judicial harassment committed against land and environmental rights defenders.

Indigenous peoples’ and land rights 
Prada does not disclose a commitment to respecting Indigenous Peoples’ rights or land rights of local communities.

The company conducts a risk assessment to identify the main risks to the business and it has identified human rights broadly as a risk. However, there is no evidence that it has a process to identify which human rights are at risk of being impacted by it own operations, in specific locations or through specific activities, as part of a human rights due diligence process. The company conducts a risk assessment to identify the main risks to the business and its supply chain, also, it has identified human rights broadly as a risk. However, there is no evidence the company has identified what human rights are at risk of being impacted as a result of its operations or supply chains, therefore there is no evidence of a process for assessing the saliency of these risks. While the company discloses that it conducts routine human rights risk assessments and that it remediates in locations with the highest risk, no evidence was found that it has a global system to act on all its salient human rights issues. No evidence that the company provides an example of the conclusions reached and actions taken or to be taken on at least one of its salient human rights issues as a result of assessment processes was found. While the company discloses the categories of stakeholders it engages with generally on sustainability issues, it is not clear if these stakeholders are those whose human rights have been or may be affected by its activities. No evidence that the company provides examples of its engagement with stakeholders whose human rights have been or may be affected by its activities was found.

The company has a publicly available policy statement which shows it is committed to respecting the health and safety of workers. The company has a publicly available policy statement which shows it expects its suppliers to commit to respecting the health and safety of their workers. The company has an opportunity to disclose a time-bound target for paying all workers a living wage or that it has achieved paying all workers a living wage. The company has an opportunity to describe how it determines a living wage for the regions where it operates. The company states that it promotes freedom of association and recognizes the right to collective bargaining, further, it gives the percentage of employees benefited from the supplementary agreements, however, it does not disclose the proportion of its total direct operations workforce covered by collective bargaining agreements. While the company states that it encourages its suppliers to respect employees’ right to freedom of association and the right to collective bargaining, it has an opportunity to describe how it works to support the practices of its suppliers in relation to those.

The company discloses a global tax strategy. The company states that it conducts risk assessment which consists of identifying and analyzing factors such as bribery that could compromise the proper conduct of company activities, however, it does not describe the process(es) to identify its bribery and corruption risks and impacts in specific locations or activities covering its own operations. The company includes anti-bribery and anti-corruption clauses in its contracts with direct business relationships. The company states that it encourages dialogue with the trade unions and associations of other kinds. It also indicates that the relation with political parties or their representatives or candidates are marked by the strictest compliance with the legislation in force, however, it does not provide a publicly available policy statement setting out its lobbying and political engagement approach. The company specifies that it does not make political contributions.