The strategic partnership of Capri Holdings and the National Fish and Wildlife Foundation promises to speed up regenerative agricultural practices in United States.
June 12, 2023: Pushing its promise of achieving sustainability, Capri Holdings announced a 3-year partnership with the National Fish and Wildlife Foundation (NFWF) to accelerate the adoption of voluntary regenerative management and conservation practices in the United States, a key leather-sourcing region within the company’s supply chain.
As more consumers become conscious of environmental concerns, they prefer sustainable over traditional items that constantly add to the negative impact on the planet, leaving fashion giants hunting for more ethical sources for their products.
The fashion industry accounts for 10% of global carbon emissions, and what it needs right now is not just sustainability, but regeneration, which is why the partnership between the global luxury group and NFWF is such a significant step that can play a major role on being carbon positive.
Through $1.5 million in Capri Holdings funding and matching contributions from NFWF, the effort is estimated to yield $3 million in on-the-ground conservation effect. This first-of-its-kind collaboration between NFWF and the fashion industry aims to improve 150,000 acres of grasslands in the United States by collaborating with private landowners and local partners to drive a more sustainable future for the leather industry while also helping the company meet its corporate social responsibility (CSR) commitments.
Capri and NFWF will work together to improve the health of essential grazing lands in the Northern Great Plains, Southern Great Plains, and Rocky Mountain Rangelands. The partnership promises to develop regenerative agriculture practices by increasing the resilience of ranching communities while reducing greenhouse gas emissions and restoring crucial animal habitat.
About the partnership, John D. Idol, Chairman and Chief Executive Officer of Capri Holdings said, “Last year, we developed a comprehensive strategy to ensure that we go further, faster in lowering the impact of the leather used to craft our luxury accessories and footwear. Our partnership with NFWF represents an extraordinary opportunity to tackle climate change and improve grasslands through a first-of-its-kind partnership between fashion and the nation’s largest private conservation fund. We are proud to partner with NFWF to accelerate regenerative agriculture practices, improve biodiversity and drive positive environmental and social impacts in the leather supply chain.”
Capri Holdings - a luxury fashion group - includes Versace, Jimmy Choo and Michael Kors.
- By Pritha Debroy