Climate Change Data

Gucci

Climate Impact & Sustainability Data (2019-06 to 2020-02, 2023)

Reporting Period: 2019-06 to 2020-02

Environmental Metrics

ESG Focus Areas

  • Fair Wages
  • Working Conditions

Social Achievements

  • Large-scale survey of 45 Italian luxury suppliers and nearly 1,100 employees, assessing fair wages and working conditions across 12 dimensions.
  • 81% of workers reported being fully or partially satisfied with working conditions.
  • 82% of workers reported being fully or partially satisfied with their wages.
  • 25% of surveyed factories achieved Fair Wage certification.

Governance Achievements

  • Collaboration with Fair Wage Network to conduct the survey and develop a Social Sustainability Roadmap.

Climate Goals & Targets

Environmental Challenges

  • Some cases of wage payment delays, underpaid overtime, and missing employment contracts.
  • Wage systems not sufficiently linked to performance in some companies.
  • In some cases, a single income earner was insufficient to cover total family expenses.
  • Limited worker awareness of contractual minimum wages.
Mitigation Strategies
  • Identification of challenges through the survey to inform future improvements.
  • Development of a Fair Wage Roadmap to provide guidance to companies and suppliers.
  • Recommendations for improvements in pay systems, linking wages to performance and experience.

Supply Chain Management

Supplier Audits: 45 factory visits

Responsible Procurement
  • Fair Wage assessment and certification

Climate-Related Risks & Opportunities

Reporting Period: 2023

Environmental Metrics

ESG Focus Areas

  • Human Rights
  • Environmental Protection
  • Sustainable Supply Chain
  • Health and Safety
  • Community Development

Environmental Achievements

  • Investing in regenerative agriculture since 2020 as a pillar of its Nature-Positive approach.
  • Implementing environmental projects to prevent and curb emissions.

Social Achievements

  • Commitment to promoting respect for Human Rights throughout the supply chain.
  • Promoting employment standards respecting workers’ rights and rejecting child labor, forced labor, and discrimination.
  • Ensuring equal employment opportunities and treatment based on merit.
  • Recognizing the value of diversity and respecting cultures and communities.
  • Promoting initiatives to balance work and private life.

Governance Achievements

  • Implementation of a Management System covering all corporate processes and functions to integrate Social Responsibility and Sustainability into business strategies.
  • Constant oversight of all Social Responsibility and Sustainability activities through the Department of Corporate Sustainability & Responsibility.
  • Implementation of specific policies and procedures for managing and improving social, environmental, and economic performance.
  • Adherence to the Responsible Jewellery Council (RJC) Code of Conduct.

Climate Goals & Targets

Short-term Goals:
  • Reduce greenhouse gas emissions by 2025

Environmental Challenges

  • Reducing greenhouse gas emissions
  • Sustainable management of precious metals and stones supply chain
Mitigation Strategies
  • Investing in regenerative agriculture
  • Implementing environmental projects to prevent and curb emissions
  • Adhering to the RJC Code of Conduct

Supply Chain Management

Responsible Procurement
  • Sustainability Principles for suppliers and subcontractors covering sustainable sourcing, environmental protection, animal welfare, and legal compliance.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Sustainable Development Goals, ILO

Certifications: RJC

UN Sustainable Development Goals

  • All applicable UN SDGs