GUESS releases FY2020-2021 sustainability report
With best practice for ESG - achieves Milestone Reasonable Assurance Examination by a “Big 4” Accounting Firm
GUESS, a global lifestyle fashion brand, has released “VISION GUESS” - its fourth sustainability report covering fiscal years 2020 and 2021, written in accordance with the Global Reporting Initiative (GRI) and Sustainable Accounting Standard Board (SASB) standards.
The publication of VISION GUESS is a milestone achievement for the company, marking its successful completion of a reasonable assurance engagement with “Big 4” Accounting Firm KPMG to examine the metrics and disclosures in its sustainability report. The sustainability report shares the company’s significant progress on Environmental, Social, and Governance (ESG) topics since its first sustainability plan was announced in 2016 and outlines its vision for sustainability going forward.
The report covers the three pillars of the GUESS sustainability plan: operating with integrity, empowering people and protecting the environment. The company details its significant achievements since its first sustainability targets were announced, increasing its eco SMART GUESS denim product offerings by 18%; increasing its global, certified sustainable materials across brands; and achieving gender pay parity for both its U.S. Corporate headquarters and U.S. Retail operations. The report also highlights the company’s new “GUESS Sustainability Assurance Framework” - a robust process to collect, review and test sustainability data to ensure the consistency and comparability of nearly 100 ESG-related metrics, before sending to external assurance provider.
At Guess, we remain highly committed to our three main goals of our sustainability strategy: 1. Operating with integrity, 2. Empowering our people and 3. Protecting the Environment. Our report this year highlights our higher standards and our expanded ESG strategy for the future, Vision GUESS. We are treating ESG reporting with a rigor typically reserved for financial reporting and we are focused on developing the right system, testing and controls to ensure proper comparability, consistency and accountability. In this year’s report we included important topics related to the environment, diversity and inclusion. In our Company, every decision we make and action we take, are with the long term in mind.
Carlos Alberini, Chief Executive Officer for GUESS?, Inc.
For more information about GUESS’s Sustainability Report, please visit sustainability.guess.com.
The full report can be downloaded below:
Guess Sustainability Report
PDF - 39 Mb
PR Manager, MMBSY