GUILLEMOT CORPORATION
Climate Impact & Sustainability Data (2020-01 to 2020-06, 2021-01 to 2021-06, 2022-01 to 2022-06, 2023-01 to 2023-06)
Reporting Period: 2020-01 to 2020-06
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Resurgence of the COVID-19 pandemic could impact distribution channels, component sourcing, and potentially increase demand due to increased time at home.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: IAS 34
Third-party Assurance: PricewaterhouseCoopers Audit MB Audit
Reporting Period: 2021-01 to 2021-06
Environmental Metrics
Social Achievements
- Increased global headcount by 11% year-to-date.
Climate Goals & Targets
Environmental Challenges
- Shortage of electronic components.
- Long delivery lead times and volume restrictions in logistics.
- Increased costs for logistics and components.
- Global supply chains at saturation point.
- COVID-19 related uncertainties and economic impact.
Mitigation Strategies
- Built up a buffer of inventory to mitigate component shortages and prepare for business growth.
- Implemented price rises to reflect increased costs.
- Strengthening logistical, commercial and trade marketing capabilities in Europe.
- Opened up new supply channels to streamline supply.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: IAS 34
Third-party Assurance: PricewaterhouseCoopers Audit MB Audit
Reporting Period: 2022-01 to 2022-06
Environmental Metrics
Social Achievements
- Employee headcount increased by 10% over the first half of the year
Climate Goals & Targets
Environmental Challenges
- Shortage of electronic components
- Uncertainty linked to the spread of COVID-19 and its economic impact
- Supply chain risk
- Conflict in Ukraine
Mitigation Strategies
- Built up a buffer of inventory to mitigate the shortage of electronic components and support business growth
- Taken further action to anticipate deliveries as much as possible and optimize coordination across its global operations
- Worked to adapt and strengthen its global trade marketing capability to respond to the new challenges posed by ecommerce and the need to boost its promotional visibility with partners
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: IAS 34
Reporting Period: 2023-01 to 2023-06
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- High levels of inventory in distribution networks and at wholesalers and retailers, delaying restocking.
- Market downturn.
Mitigation Strategies
- Highly proactive promotional policy.
- Gradually readjusting its inventory in line with sales.
- Extended direct shipping agreements with major e-commerce operators to include Asia.
- Expanded product listings across all U.S. retail channels.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: IAS 34
Third-party Assurance: PricewaterhouseCoopers Audit Toadenn Audit