PRADA S.P.A. is a luxury fashion company based in Milan, Italy. Founded in 1913 by Mario Prada, the company has grown to become one of the most influential and iconic fashion brands in the world. PRADA S.P.A. operates in the Apparel Design sector, producing high-end clothing, accessories, and fragrances for men and women. The company is known for its innovative designs, high-quality materials, and attention to detail.

In recent years, PRADA S.P.A. has made a commitment to decarbonisation and reducing its environmental impact. The company has implemented a number of initiatives to reduce its carbon footprint and transition to renewable energy sources. One of the key ways that PRADA S.P.A. is working towards decarbonisation is through the use of corporate power purchase agreements (PPAs) for renewable energy.

A corporate PPA is a contract between a company and a renewable energy provider, where the company agrees to purchase a certain amount of renewable energy from the provider over a set period of time. By entering into a PPA, companies like PRADA S.P.A. can secure a stable, long-term supply of renewable energy, while also supporting the growth of the renewable energy industry.

PRADA S.P.A. has signed a number of corporate PPAs for renewable energy in recent years. In 2018, the company signed a 20-year PPA with Enel Green Power for the supply of 100% renewable energy to its Italian operations. The agreement will see PRADA S.P.A. purchase 35 GWh of renewable energy per year from Enel Green Power, which will be generated by a new wind farm in the region of Basilicata.

In addition to its use of corporate PPAs, PRADA S.P.A. is also investing in corporate energy efficiency measures to reduce its overall energy consumption. The company has implemented a number of initiatives to improve the energy efficiency of its stores, offices, and production facilities. These include the use of LED lighting, the installation of energy-efficient heating and cooling systems, and the implementation of energy management systems to monitor and control energy use.

PRADA S.P.A. is also committed to reducing its greenhouse gas emissions through the use of renewable energy sources. The company has set a target to source 100% of its electricity from renewable sources by 2021. This target is part of PRADA S.P.A.'s broader commitment to reducing its carbon footprint and transitioning to a low-carbon economy.

To achieve its renewable energy goals, PRADA S.P.A. is investing in a range of renewable energy technologies, including solar, wind, and geothermal. The company has installed solar panels on the roofs of its stores and production facilities, and is exploring the use of geothermal energy for heating and cooling.

In addition to its efforts to reduce its carbon footprint and transition to renewable energy sources, PRADA S.P.A. is also committed to promoting sustainable fashion practices. The company has implemented a number of initiatives to reduce waste and promote circularity in its operations. These include the use of sustainable materials, such as recycled nylon and organic cotton, and the implementation of a recycling program for its products.

Overall, PRADA S.P.A. is a leader in the fashion industry when it comes to sustainability and decarbonisation. The company's use of corporate PPAs for renewable energy, its investment in energy efficiency measures, and its commitment to reducing its carbon footprint through the use of renewable energy sources are all examples of its dedication to sustainability. As the fashion industry continues to face pressure to reduce its environmental impact, PRADA S.P.A. is setting an example for other companies to follow.