Prada Group is an Italian fashion company that specializes in luxury goods, including handbags and purses. The company was founded in 1913 by Mario Prada and has since become one of the most iconic fashion brands in the world. Prada Group is known for its high-quality products, innovative designs, and commitment to sustainability.

Decarbonisation is a key focus for Prada Group, and the company has set ambitious targets to reduce its carbon footprint. In 2019, Prada Group announced its plans to become carbon neutral by 2021. This means that the company will offset all of its carbon emissions by investing in renewable energy projects and other carbon reduction initiatives.

One of the ways that Prada Group is working towards decarbonisation is through its corporate energy strategy. The company is investing in renewable energy sources such as solar and wind power to reduce its reliance on fossil fuels. Prada Group is also working to improve the energy efficiency of its buildings and operations, which will further reduce its carbon footprint.

Another important aspect of Prada Group's corporate energy strategy is the use of corporate power purchase agreements (PPAs). PPAs are long-term contracts between a company and a renewable energy provider, which guarantee a fixed price for the electricity generated by the provider. By entering into PPAs, Prada Group is able to secure a stable supply of renewable energy at a competitive price, while also supporting the growth of the renewable energy industry.

Prada Group has already signed several corporate PPAs, including a 10-year agreement with a wind farm in Tuscany, Italy. The wind farm will supply Prada Group's production sites in Italy with renewable energy, reducing the company's carbon footprint by an estimated 3,000 tons of CO2 per year.

In addition to its corporate energy strategy, Prada Group is also investing in other renewable energy initiatives. The company has installed solar panels at its production sites in Italy, which generate clean energy to power its operations. Prada Group is also exploring the use of other renewable energy sources, such as geothermal and hydroelectric power.

Overall, Prada Group's commitment to decarbonisation and renewable energy is a key part of its sustainability strategy. By reducing its carbon footprint and investing in renewable energy, the company is working to create a more sustainable future for itself and for the planet.