NEW YORK, Sept. 21, 2017 /PRNewswire/ -- GUESS,
a global lifestyle fashion brand, is proud to release its second
sustainability report. The report highlights GUESS's
development towards a higher standard for social and environmental
performance.
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 Victor Herrero, Chief
Executive Officer for GUESS?, Inc. "At GUESS, we
understand that we must continue to grow and contribute to the
global community with increasing care for people and the
environment; we aim to embrace existing solutions as well as try
new ones to address the social and environmental challenges of our
time."
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 Los Angeles, California. In FY 2015,
GUESS reported its efforts to improve store energy efficiency by
replacing existing lighting systems with more efficient LED
lighting. As part of GUESS's recent commitment to the Science
Based Target Initiative, the company will also be transitioning its
current emission reduction goal to create more aggressive carbon
emission reduction goals within the next two years as its
contribution to help limit global warming.
For more information about GUESS's Sustainability Report, please
visit sustainability.guess.com.
About Guess?
Guess?, Inc. designs, markets, distributes and licenses a lifestyle
collection of contemporary apparel, denim, handbags, watches,
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
July 29, 2017, the Company directly operated 945 retail stores
in the Americas, Europe and
Asia. The Company's licensees and
distributors operated 699 additional retail stores worldwide. As of
July 29, 2017, the Company and its licensees and distributors
operated in roughly 100 countries worldwide. For more information
about the Company, please visit www.guess.com.
CONTACT:
|
Kaitlyn Quail
GUESS?, Inc.
212.852.0568
kquail@guess.com
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SOURCE Guess?, Inc.