SAN
FRANCISCO, May 9, 2023 /PRNewswire/ -- Gap Inc.
(NYSE: GPS) released its 2022 Environmental,
Social and Governance (ESG) Report today, outlining the company's
progress in 2022 toward building a more sustainable, resilient, and
inclusive business across its corporate functions and portfolio of
brands including Old Navy, Gap, Banana Republic and Athleta. The
report reflects how the company is accelerating positive social and
community impact, highlights its approach to diversity, equity, and
inclusion, and shares progress toward its 2025 Commitments to
"Create For All, With All."
"As a global company that reaches millions of people around the
world, we have an incredible opportunity – and a great deal of
responsibility – to drive positive change by working with our
partners to create a more sustainable business and a more equitable
industry," said Bob Martin, Gap Inc.
Interim CEO and Executive Chair of the Board.
Gap Inc.'s ESG strategy is aligned to the pillars of Empowering
Women, Enabling Opportunity, and Enriching Communities. Over the
last year, Gap Inc. received the U.S. Department of State's 'ACE'
Award in the Responsible Business Operations category for
promoting human rights in its supply chain, ranked on the
CDP 'A' List for Water Security, was named on the CDP Climate
Supplier Engagement Leaderboard, and was included in the S&P
Global Dow Jones Sustainability Indices for the tenth year in
a row.
Other highlights from the report include:
- Exceeding the 2022 goal by empowering over 2.4 million people
to improve their access to clean water and sanitation through the
USAID Gap Inc. Women + Water Alliance (since 2017)
- Over 15,000 youth have participated in Old Navy's This Way
ONward program (since 2007) which fuels the next generation of
leaders with the skills and confidence they need to succeed in the
workplace. The program now accounts for 4% of all Old Navy
entry-level employees.
- Additionally, the company increased women in STEM positions
from 24% to 28% and achieved modest gains in representation of
people of color across its U.S. based employee population.
To view the full ESG Report, click here. For in-depth
information about the company's efforts to be a force for good for
people and the planet, please visit gapinc.com/sustainability.
The report covers Gap Inc.'s global operations for fiscal 2022,
which ended on January 28, 2023,
unless otherwise noted. Our ESG Report and strategy are guided by
Gap Inc.'s Material Topics (defined by our latest assessment
completed in March 2023). We follow
several ESG standards and prepared the report in reference to the
Global Reporting Initiative (GRI) Standards and in alignment with
the Sustainable Accounting Standards Board (SASB) Standards and the
Task Force on Climate-Related Financial Disclosures (TCFD). Gap
Inc. is committed to the United Nations' Sustainable Development
Goals (SDGs) and Global Compact (UNGC) Ten Principles; this report
serves as our Communication on Progress.
About Gap Inc.
Gap Inc., a collection of purpose-led lifestyle brands, is the
largest American specialty apparel company offering clothing,
accessories, and personal care products for men, women, and
children under the Old Navy, Gap, Banana Republic,
and Athleta brands. The company uses omni-channel
capabilities to bridge the digital world and physical stores to
further enhance its shopping experience. Gap Inc. is guided by its
purpose, Inclusive, by Design, and takes pride in creating products
and experiences its customers love while doing right by its
employees, communities, and planet. Gap Inc. products are
available for purchase worldwide through company-operated stores,
franchise stores, and e-commerce sites. Fiscal year 2022 net
sales were $15.6 billion. For
more information, please visit www.gapinc.com.
Contact:
Press@gap.com
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SOURCE Gap Inc.