Fashion Updates

US fashion brand Guess targets 30% reduction in scope 3 emissions by 2030

Published: July 22, 2023
Author: Fashion Value Chain

American fashion brand Guess has pledged to reduce its scope 3 emissions by 30 per cent by 2030, according to its latest Environmental, Social and Governance (ESG) report. The report, titled ‘Our Best Today, Better Tomorrow’, highlights the company’s sustainability commitments and progress over the past nine years. It also outlines Guess’ first-ever ‘double materiality assessment’, which helped identify and prioritise sustainability topics and refresh the brand’s ESG strategy.

Guess CEO Carlos Alberini stated, “For well over a decade, Guess has embedded environmental, social, and governance priorities into all aspects of our business – we are immensely proud of the strides we have taken as a result.” Alberini also foresees heightened regulatory scrutiny on ESG practices in the coming years, underscoring the significance of open communication, ethical conduct, and precise reporting.

Since its establishment in 1981, Guess has become a global lifestyle brand, offering a wide range of denim, apparel, jewellery, fragrance, home goods, and accessories in approximately 100 countries. The company employs 12,000 people and conducted its sustainability assessment using a double materiality approach, considering the impact on society, the environment, and the financial implications of various topics.

The report’s coverage of ESG subjects is rooted in three core pillars of influence that align with Guess’ internal principles: foster environmental responsibility, promote teamwork, and achieve tangible results. The report follows globally recognised frameworks such as the Global Reporting Initiative (GRI) Universal Standards, the Sustainability Accounting Standards Board (SASB), and the GHG Protocol. Additionally, the report makes mention of the Sustainable Development Goals (SDGs) set forth by the United Nations. To ensure the integrity of its ESG metrics and disclosures, Guess obtains reasonable assurance from a third-party assurance provider.

Co-founder and Chief Creative Officer Paul Marciano stated, “Our commitment to sustainability extends beyond our immediate operations. As a well-established company, we acknowledge the significant impact we have and remain dedicated to leveraging our platform to drive meaningful transformation.” Marciano emphasized Guess’ commitment to designing apparel that not only exudes style but also contributes to the well-being of customers and the environment. Guess intends to maintain its practice of reporting and disseminating updates on sustainability efforts, with a pledge to transition to annual ESG reporting by the fiscal year 2026. The company aims to proactively manage its sustainability journey to contribute to a better future.

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