US' Guess aims to reduce scope 3 emissions 30% by 2030

The report highlights 9 years of meaningful reporting progress and its sustainability commitments for the future. It details the global fashion brand’s first-ever ‘double materiality assessment,’ which was conducted to identify, update, and prioritise sustainability topics, and refresh Guess’ ESG strategy.

“For well over a decade, Guess has embedded environmental, social and governance priorities into all aspects of our business – and we couldn’t be prouder of the progress we have made as a result,” said Carlos Alberini, chief executive officer and director, Guess. “Looking ahead, we continue to anticipate a more heavily regulated environment for ESG practices, with an increased focus on transparency, integrity and accuracy in reporting ESG data.”

Established in 1981, Guess is a lifestyle brand with a full range of denim, apparel, jewelry, fragrance, home goods, and accessories designed and marketed in about 100 countries around the world, employing 12,000 people. In conducting its sustainability assessment, Guess adopted a double materiality approach to thoughtfully examine the materiality of various topics – enabling the Company to assess their significance in terms of impact on both the society as well the environment, and their financial implications.

The ESG topics featured in the report are rooted in three impact pillars that align with Guess’ internal values: respect nature, be a good teammate, and get things done.

Guess’ ESG report is prepared in accordance with globally recognised frameworks, including the Global Reporting Initiative (GRI) Universal Standards, the Sustainability Accounting Standards Board (SASB), the GHG Protocol, while referencing the United Nations Sustainable Development Goals (SDGs). In addition, to exemplify our commitment to the integrity of the key ESG metrics and disclosures for the FY 2022-23 reporting periods, Guess has continued to obtain reasonable assurance from a third-party assurance provider. Upholding these strong accountability practices enables Guess to continue to effectively measure its impact, identify areas for continued growth, and proactively manage its sustainability journey to contribute to a better tomorrow.

“Our commitment to sustainability extends beyond our immediate operations. We recognise the immense influence we wield as an established company, and we are resolved to use our platform to inspire positive change,” said Paul Marciano, co-founder and chief creative officer, Guess. “Through innovation and conscious design choices, we strive to create apparel that not only looks good but feels good – both for our customer and the planet we call home.”

Guess will continue to report and share its sustainability progress, with a commitment to move to annual ESG reporting starting FY26.

Fibre2Fashion News Desk (RR)