Prada S.p.A. sustainability score: 43/100

Prada reports Scope 1 (5,704 tCO2e) and Scope 2 (4,522 tCO2e market-based) for FY2024 using GHG Protocol methodology with multi-year tracking since 2019. Scope 1 declined 31.7% since baseline and 16.2% year-on-year. Limited assurance indicated but full third-party verification details not confirmed.

Prada reports Scope 3 emissions (~293,000 tCO2e, 90% of total footprint) since 2019, with Purchased Goods and Services at 49%. Good On You found no evidence of on-track supply chain targets. Scope 3 reduction only 1% year-on-year (2023–2024). Supplier audits and LWG-certified tanneries exist but lack full verification.

Scope 1&2 achieved 34% absolute reduction versus 2019 baseline, surpassing 29.4% SBTi target. Total operational emissions fell 14% year-on-year in 2024. However, Scope 3 decreased only ~1% year-on-year and represents 90% of total footprint. Revenue grew 17% in 2024; emissions intensity improvement masked by scale.

Prada procures 65% renewable electricity globally, with 16% from owned photovoltaic plants (52% increase since 2019). Company joined RE100 and participates in Fashion Pact Collective Virtual PPA. However, 100% renewable target originally set for 2025 is not yet met. RECs/GOs reliance evident in market-based vs location-based Scope 2 gap.

Supply chain involves leather, wool, cashmere, exotic skins, and cotton with significant biodiversity impact. Prada supports Forestami (urban forestation) and Sea Beyond (ocean education) but no restoration metrics. No TNFD disclosure found. Animal welfare policy criticized by LAV and HSI as unambitious. No deforestation-free commitment verified.

Re-Nylon uses ECONYL regenerated nylon in ~50% of nylon products from recycled ocean plastic and textile waste. 80% FSC-certified recyclable packaging; single-use plastic eliminated in e-commerce. Re.Crea Consortium co-founded for textile end-of-life. Limited take-back, resale, repair, and rental programs; majority collections still conventional.

Prada operates water-intensive leather tanning and textile production. Claims closed-loop water systems in tanneries and 18% water intake reduction since 2021. Good On You reports no evidence of supply chain water targets. Minimal public data on total consumption, discharge quality, or chemical management. Leather tanning carries high pollution risk.

Prada holds SBTi-validated near-term targets: reduce Scope 1&2 by 29.4% by 2026 (already surpassed at 34%) and Scope 3 by 42% by 2029 from 2019 baseline. Net-zero commitment across all scopes by 2050. Targets are absolute, not intensity-based. No SBTi net-zero validation found; Scope 3 progress unclear.

Prada publishes annual Sustainability Report (2024 available) via dedicated CSR leadership. Discloses Scope 1, 2, 3 emissions publicly under GHG Protocol. Member of Fashion Pact and RE100 with SBTi-validated targets. However, no supplier list published; Good On You notes insufficient water, material, and supply chain transparency. No executive compensation linkage evidenced.

Prada faced cultural appropriation criticism over Kolhapuri-style sandals. Animal welfare policy criticized by LAV and HSI as unambitious. Good On You notes insufficient remediation of Xinjiang cotton links. No major greenwashing fines, regulatory actions, or climate-negative lobbying found. Fashion Pact member; no evidence of climate policy opposition.