Q4 Fiscal 2019 Guess Earnings Conference Call
03/20/19 4:45 PM
GUESS's approach is aligned with the principles established by the Global Reporting Initiative (GRI) to determine topics that are important to both our stakeholders and to the sustainable growth of our business. As a member of the Global Reporting Initiative's Standards Pioneers Program, GUESS is proud to be one of the first organizations to implement GRI's rigorous international sustainability reporting standards. To aim for the balance and completeness that GRI encourages, GUESS has also had its data externally validated, further proving its commitment to transparency as foundational to its strategy.
"Through my experience leading this truly global company, I see one constant across borders: people, particularly the younger generation, are deeply concerned about the future of this planet," says
Since the release of GUESS's first sustainability report in 2015, the brand has developed its first formal sustainability strategy and commitments, and established new goals and initiatives that will play a large role in the future business of GUESS. These goals will motivate GUESS's efforts over the next five years to enhance the sustainability of both its global operations and local communities, and connect customers with more sustainable fashion choices.
This year, GUESS assessed the water footprint of its denim, and mapped its denim production by global water availability, as an important first step to better manage its impacts. The company is currently working on a comprehensive water action management plan to address these impacts that will be released next year.
GUESS has also joined a global industry pledge to advance a circular fashion system – the idea that fashion should last, and be continuously repurposed, reused and recycled. GUESS will be announcing a product take back program later this year, and is excited to engage its employees, customers and community on developing a more sustainable fashion industry.
The report also updates other areas of progress, including successfully reducing its carbon footprint across its stores, distribution centers and headquarters in
For more information about GUESS's Sustainability Report, please visit sustainability.guess.com.
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