Versace

Jun 10, 2023

Gianni Versace S.r.l. is an Italian fashion retailer founded in 1978 in Milan by Gianni Versace. The multinational clothing-retail company creates luxury fashion for men, women, and children.

Versace makes clothing, accessories, shoes, swimwear, eyewear, watches, and fragrances. The multinational fashion holding company, Capri Holdings Limited, owns Versace and other brands, including Jimmy Choo and Michael Kors.

The Versace Group distributes its products through over 200 boutiques and over 1,500 wholesalers worldwide.

Capri Holdings has approximately 14,600 employees, consisting of approximately 9,700 full-time employees and approximately 4,900 part-time employees, with approximately 11,000 of its employees engaged in retail selling and administrative positions.

Versace innovatively manufactures its collections according to rigorous sustainability standards. It understands the responsibility we all have as citizens of the world and aims to become more sustainable.

Versace offers a sustainable collection made from organic or recycled materials called ECO-CONSCIOUS. It implements water-saving and recycling ideas.

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Sustainability Rating: 5/10

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Category: Clothing, accessories, shoes, bags, jewelry

For: Women, men, children

Type: Basics, denim, dresses, knitwear, activewear, underwear, loungewear, swimwear, outerwear, pumps, sandals, boots, sneakers

Style: Chic, classic

Quality: High

Prices: $$$

Sizes: 2XS-2XL, 0-14 (US), 2-16 (UK), 32-44 (EU), 4-18 (AU)

Fabrics: Cotton, linen, lyocell, modal, viscose, cupro, acetate, polyester, nylon, spandex, polyethylene, polypropylene, acrylic, neoprene, polyurethane, rubber, leather, wool, silk, down

100% Organic: No

100% Vegan: No

Ethical & Fair: No

Recycling: Yes

Producing countries: not transparent enough

Certifications: GOTS, OCS, GRS, RCS, RDS, RWS, LWG, FSC

Sustainability Practices

Versace takes wide-ranging measures to protect biodiversity, reduce its consumption of water, energy, and other resources, avoid waste, and combat climate change.

It wants to be better and more efficient by looking at every aspect of its value chain to ensure the healthy functioning of our planet. However, the majority of its business remains detrimental to the environment.

Versace only uses a tiny proportion of organic materials such as organic cotton or recycled materials such as recycled polyester and regenerated nylon.

Only very few of its collections are dedicated to sustainable fashion. Most of the fabrics it uses are either natural without relevant certifications, such as regular cotton or linen, or synthetic petroleum-based fibers such as polyester, nylon, acrylic, and more.

Versace also uses a small proportion of semi-synthetic fibers or regenerated cellulosic fabrics such as lyocell, modal, acetate, and viscose.

Versace doesn't publish a list of all its manufacturers and processing facilities on its corporate website. It remains committed to driving greater transparency and accountability across its supplier base.

The 2022 Fashion Transparency Index gave Versace a score of 13% based on how much the group discloses about its social and environmental policies, practices, and impacts.

Versace manufactures its clothes in many East Asian countries, where human rights and labor law violations happen every day.

The Italian clothing retailer doesn't show any labor certification standard that would ensure good working conditions, decent living wages, health, safety, and other crucial rights for workers in its supply chain.

Versace has a code of conduct that applies to all its suppliers and subcontractors. It assesses compliance with its Code of Conduct by informal visits or third-party audits with or without notice.

Versace doesn't use exotic animal skin, hair, fur, or angora. But it uses leather, wool, silk, and down feathers to manufacture many of its clothing pieces.

These animal-derived materials are cruel and unethical. They also harm the environment by producing greenhouse gases and waste. More sustainable alternatives exist.

Sustainability Goals

Versace plans to reduce its GHG emissions by 50% in Scope 1 and 2 and 50% in scope 3 (in the Purchased Goods category), by 2030. It aims to achieve carbon neutrality across its direct operations by 2025.

Versace has set a target of achieving 100% renewable energy in its direct operations by 2025. It will ensure all the plastic it sources is recyclable, compostable, recycled or reusable by 2025.

Versace has committed to rolling out circular design and materials trainings to its design and production teams in 2023.

It will also continue to improve upon the ways it measures water inventory throughout its supply chain to hold it accountable to its goal of achieving a 10% reduction in key suppliers' aggregate water use by 2025.