Versace

At the time of rating, Versace had recently been acquired by Prada Group, but had not been included in Prada Group's most recently available reports. This rating considers information which precedes its acquisition by Prada Group.

Our “Planet” rating evaluates brands based on the environmental policies in their supply chains, from carbon emissions and wastewater to business models and product circularity. Here we rate Versace “It's a Start”. These are a few factors influencing its score:

• It uses few lower-impact materials, and it does not publish an aggregate breakdown of materials used.
• It’s eliminated some hazardous chemicals but has not made a commitment to eliminate all hazardous chemicals in manufacturing.
• It’s set a science based target to reduce greenhouse gas emissions in both its direct operations and supply chain but there’s no evidence it is on track.
• It uses Forest Stewardship Council (FSC) certified packaging.
• While it donates unsold clothes to charity, there’s no evidence it minimises textile waste in its supply chain.

Workers’ rights are central to our “People” rating, which assess brands’ policies and practices on everything from child labour to living wages and gender equality. Here we rate Versace “Not Good Enough”. These are a few factors influencing its score:

• Much of its final stage is located in low risk countries or certified facilities, however it does not publish an aggregate breakdown of suppliers.
• There’s no evidence it provides financial security to its suppliers, which can result in poor working conditions and wages.
• There’s no evidence it supports diversity and inclusion in its supply chain.
• Its Code of Conduct covers ILO principles.
• It has initiatives to empower vulnerable women and girls in its supply chain.
• There’s no evidence it ensures workers are paid living wages in its supply chain.
• During the height of the Covid-19 pandemic, it did not disclose adequate policies or safeguards to protect workers in its supply chain from the virus.

Brands’ animal welfare policies and, where applicable, how well they trace their animal-derived products are the focus of our “Animals” rating. Here we rate Versace “Not Good Enough”. These are a few factors influencing its score:

• It appears to use leather, shearling, wool, cashmere, uncertified virgin mohair, and down.
• Some of its animal-derived materials consist of recycled or certified alternatives to conventional wool and down.
• It doesn’t appear to use alpaca, angora, fur, or exotic animal skin.
• There’s no evidence it has an animal welfare policy.

Based on all publicly available information we’ve reviewed, we rate Versace “Not Good Enough” overall.