Guess, a renowned lifestyle brand operating in over 100 countries, has released its latest ESG Report titled "Our Best Today, Better Tomorrow." This comprehensive document highlights nine years of impressive sustainability accomplishments and sets the course for future commitments.
A notable feature of the report is GUESS' inaugural 'double materiality assessment,' a meticulous process that identifies, updates, and prioritizes sustainability topics, thereby rejuvenating the brand's ESG strategy.
The ESG assessment conducted by GUESS adopts a double materiality approach, carefully analyzing the significance and impact of various topics on both society and the environment, as well as their financial implications.
The report focuses on three impact pillars: respect nature, be a good teammate, and get things done. GUESS' ESG Report adheres to globally recognized frameworks such as the Global Reporting Initiative (GRI) Universal Standards, the Sustainability Accounting Standards Board (SASB), the GHG Protocol, and the United Nations Sustainable Development Goals (SDGs).
The company ensures strong accountability by seeking reasonable assurance from a third-party provider for key ESG metrics and disclosures during the FY 2022-2023 reporting periods.
The brand also aims to ensure that 75% of global apparel materials are environmentally preferred by 2030, thereby elevating its design portfolio. GUESS intends to promote a circular economy through partnerships that focus on repair, reselling, and upcycling in key markets, as well as prioritize positive change for women through training opportunities with suppliers.
