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GUESS Releases FY2020-2021 Sustainability Report with Best Practice for ESG; Achieves Milestone Reasonable Assurance Examination by a “Big 4” Accounting Firm (Graphic: Business Wire)
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
“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, VISION GUESS, highlights our higher standards and our expanded ESG strategy for the future. 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,” says
Sustainability targets announced in the company’s new VISION GUESS plan include replacing virgin polyester with recycled materials, increasing sustainable denim offerings to 75% within three years, reducing corporate greenhouse gas emissions by 50% and supply chain emissions by 30% by 2030. GUESS’s ambitious greenhouse gas targets have been approved by the Science Based Targets Initiative, an industry group of over 1,000 businesses leading the way to a zero carbon economy.
For more information about GUESS’s Sustainability Report, please visit 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
Source: GUESS?, Inc.