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