Prada Seeks to Fashion Greener Luxury Brand Under Future CEO [Financial Post (Toronto, Ontario, Canada)]
PRADA SPA UNSP/ADR (PRDSY)
NASDAQ:AMEX Investor Relations:
pradagroup.com/en/investors/investor-relations/shareholder-info.html
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Source: Financial Post
(Bloomberg) — Italian luxury fashion house Prada SpA is stepping up its sustainability drive by trying to lower its carbon footprint, using more recycled nylon and looking for alternatives to leather. Advertisement In fiscal 2020, Prada scored below its peers on environmental issues and lagged on governance, according to ESG scores compiled by Bloomberg. Since then, there’s been progress. “We are B minus for CDP at the moment and we want to become an A as soon as possible,” said Lorenzo Bertelli, Prada’s head of corporate social responsibility, referring to CDP, a nonprofit group that measures the environmental impact of companies. “We expect to improve our score already this year.” Bertelli, 34, who’s next in line to be CEO, is the son of Patrizio Bertelli and Miuccia Prada, who together transformed the Milan-based company into one of the world’s most prestigious fashion brands. Prada CEO Says He’ll Hand Over Top Job to Son Within Three Years Bertelli joined Prada’s board of di
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