Capri Holdings Limited

Versace, Michael Kors, Jimmy Choo
New York
Consumer Durables and Apparel

Corprate Bias Ratings

Risk Level:

Rating - Caution
Medium Risk

Capri Holdings, the parent company of Versace, Michael Kors, and Jimmy Choo, vets vendors according to LGBTQ policies and does not protect its employees against viewpoint discrimination. However, the company has not publicly terminated business relationships based on views or beliefs. Capri Holdings covers the cost of "medically necessary transition-related care" for its employees and their children and covers employees abortion travel expenses. The company regularly supports and funds LGBTQ Pride and events. Capri Holdings supports the Equality Act and The Trevor Project. The company implements D&I training for its employees and its CEO signed the CEO Action for Diversity and Inclusion pledge. However, Capri Holdings does not discriminate against religious organizations in its charitable giving. For these reasons, Capri Holdings receives a Medium Risk rating.

Criteria
Risk Level
Rationale
Corporate Weaponization
Criteria

Has denied service to customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level
Rationale

Capri Holdings received a score of 90 on the Human Rights Campaign’s (HRC) Corporate Equality Index. Among other requirements, this means the company has a written policy pledging to vet vendors for LGBTQ policies (1)(2). The company has not publicly fired customers, suppliers, or vendors based on political views or religious beliefs.

Criteria

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level
Rationale

Capri Holdings does not appear to discriminate against religious organizations in its charitable giving (1).

Criteria

Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.

Risk Level
Rationale

Capri Holdings does not provide viewpoint protections for its employees (1)(2).

Corporate Governance and Public Policy
Criteria

Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.

Risk Level
Rationale

Capri Holdings mandates unconscious bias and microaggression training and will soon require gender identity and intersectionality training (1). Michael Kors releases annual pride collections to support LGBT charities and organizations, including OutRight Action International (2). Capri has partnered with The Trevor Project and Pride in Fashion in support of LGBTQ causes (3). Capri supports the Equality Act and has signed the HRC’s Business Statement on anti-LGBTQ Legislation (4)(5). The companies CEO signed the CEO Action for Diversity & Inclusion pledge, which includes a commitment to promote DEI through bias education training in the workplace (6). In addition to partnering with Open To All, Capri Holdings signed onto its “Open to All Mitigate Racial Bias in Retail Charter” (7).

Criteria

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level
Rationale

After the overturning of Roe v. Wade, Capri pledged to cover the financial costs of employees seeking an abortion (1) Capri’s HRC CEI profile indicates the company covers the cost of “medically necessary transition-related care” for its employees and their children (2)(3). The company pledged $10 million toward The Versace Foundation, which promotes LGBTQIA+ causes (4). Capri i s a founding member of The Social Justice Center and pledged $1 million to help launch the program (5). Capri Holdings is a corporate sponsor of Open To All (6). Jimmy Choo donated $100,000 to the Trevor Project (7). The company and its subsidiaries regularly supports LGBTQ Pride (8)(9).

Criteria

Uses corporate political contributions for ideological, non-business purposes.

Risk Level
Rationale

Capri Holdings does not operate a PAC at this time (1).

All links were last accessed and all information was updated on:
October 7, 2023

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