Capri Holdings has listed new plans to promote environmental and social sustainability change, with the end goal of carbon neutrality.

The global luxury group, which owns Michael Kors, Versace and Jimmy Choo, plans to focus its attention on issues such as material sourcing, greenhouse gas emissions, water use and waste reduction.

The company is also is making its packaging more sustainable and sourcing more leather from certified tanneries. Additionally, Chairman and CEO John Idol has signed the the United Nations Global Compact, the world’s largest corporate sustainability initiative.

To achieve its sustainability goals, Capri Holdings has created a three initiatives:

Our World: to focus on actions across the operations and supply chain, meant to significantly reduce its environmental impact.

Our Community: to foster a supportive, healthy, diverse and inclusive workplace for all employees.

Our Philanthropy: to connect its brands to those in need around the world.

Capri Holding CEO, John Idol said in a statement: “We are proud of the actions our company is taking to drive positive environmental and social change within our organisation and our world.

“We recognise that as our company grows, so do our responsibilities, and welcome the opportunity to do more. We believe that sound environmental and social policies are both ethically correct and fiscally responsible. To that end, we are committed to improving the way we work in order to better the world in which we live.”

In addition to sustainability, Capri announced its plans to increase diversity and inclusion, including through the groups new Global D&I Council.