GUESS Releases ESG Report for Fiscal Years 2022-2023
06 Julho 2023 - 5:46PM
Business Wire
“Our Best Today, Better Tomorrow”
GUESS released its FY 2022-2023 Environmental, Social and
Governance (ESG) Report, “Our Best Today, Better Tomorrow,”
highlighting 9 years of meaningful reporting progress and its
sustainability commitments for the future. The report details the
global fashion brand’s first-ever ‘double materiality assessment,’
which was conducted to identify, update, and prioritize
sustainability topics, and refresh GUESS’ ESG strategy.
“For well over a decade, GUESS has embedded environmental,
social and governance priorities into all aspects of our business –
and we couldn’t be prouder of the progress we have made as a
result,” said Carlos Alberini, Chief Executive Officer and
Director, GUESS. “Looking ahead, we continue to anticipate a more
heavily regulated environment for ESG practices, with an increased
focus on transparency, integrity and accuracy in reporting ESG
data.”
Established in 1981, GUESS is a lifestyle brand with a full
range of denim, apparel, jewelry, fragrance, home goods, and
accessories designed and marketed in about 100 countries around the
world, employing 12,000 people. In conducting its sustainability
assessment, GUESS adopted a double materiality approach to
thoughtfully examine the materiality of various topics – enabling
the Company to assess their significance in terms of impact on both
society and the environment, as well as their financial
implications.
The ESG topics featured in the report are rooted in three impact
pillars that align with GUESS’ internal values: respect nature, be
a good teammate, and get things done.
GUESS’ ESG Report is prepared in accordance with globally
recognized frameworks, including the Global Reporting Initiative
(GRI) Universal Standards, the Sustainability Accounting Standards
Board (SASB), the GHG Protocol, while referencing the United
Nations Sustainable Development Goals (SDGs). In addition, to
exemplify our commitment to the integrity of the key ESG metrics
and disclosures for the FY 2022-2023 reporting periods, GUESS has
continued to obtain reasonable assurance from a third-party
assurance provider. Upholding these strong accountability practices
enables GUESS to continue to effectively measure its impact,
identify areas for continued growth, and proactively manage its
sustainability journey to contribute to a better tomorrow.
Key highlights and progress detailed in GUESS’ FY 2022-2023 ESG
report include:
- Working together with suppliers to reduce Scope 3 emissions
(target 30% by 2030);
- Elevating the design portfolio to have 75% of GUESS global
apparel materials be environmentally preferred (2030);
- Increasing meaningful partnerships to repair, resell, and
upcycle in key markets that drive a circular economy (2025);
- Collaborating with key suppliers to develop training
opportunities to promote positive change for women (2025);
- Expanding wellness and mental health programming for all
employees (2025);
- Maintaining gender pay parity at all levels and geographic
regions (2025); and,
- Continuing to foster a diverse, inclusive, and connected
workplace where career growth is equitable for everyone, with
mandatory management training on harassment prevention in the
workplace (2025).
“Our commitment to sustainability extends beyond our immediate
operations. We recognize the immense influence we wield as an
established company, and we are resolved to use our platform to
inspire positive change,” said Paul Marciano, Co-Founder and Chief
Creative Officer, GUESS. “Through innovation and conscious design
choices, we strive to create apparel that not only looks good but
feels good – both for our customer and the planet we call
home.”
GUESS will continue to report and share its sustainability
progress, with a commitment to move to annual ESG reporting
starting FY2026.
To learn more about GUESS' FY2022-2023 ESG goals and progress,
visit https://sustainability.guess.com
About GUESS?, Inc.
Established in 1981, GUESS began as a jeans company and has
since successfully grown into a global lifestyle brand. Guess?,
Inc. designs, markets, distributes and licenses a lifestyle
collection of contemporary apparel, denim, handbags, watches,
eyewear, footwear and other related consumer products. Guess?
products are distributed through branded Guess? stores as well as
better department and specialty stores around the world. As of
April 29, 2023, the Company directly operated 1,043 retail stores
in the Americas, Europe and Asia. The Company’s partners and
distributors operated 545 additional retail stores worldwide. As of
April 29, 2023, the Company and its partners and distributors
operated in approximately 100 countries worldwide. For more
information about the Company, please visit www.guess.com.
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Guess?, Inc. Fabrice Benarouche Senior Vice President Finance,
Investor Relations and Chief Accounting Officer (213) 765-5578
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