Guess? : GUESS FY2024-2025 ESG Report

Published: 2025-07-02 09:03:13 ET GES

Published on 07/02/2025 at 09:03

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IT'S IN OUR DNA

ESG REPORT FISCAL YEARS 2024-2025

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Contents

4 INTRODUCTION

4 A Message From Our CEO, Carlos Alberini

6 A Message From Our Co-Founder and Chief Creative Officer, Paul Marciano

7 A Message From Our Chief New Business Development Officer, Nicolai Marciano

8 ABOUT

8 Our Story

10 Our Brand Universe

12 Our Global Footprint

14 It's in Our DNA: Why ESG Matters to GUESS

18 IMAGINE

20 Engaging Those Who Shape Our Impact

22 Navigating Our Future Through Double Materiality

24 Responsible Decision-Making Starts with ESG Governance

28 INNOVATE

30 Designing Tomorrow: Smarter Materials, Better Impact

34 Acting with Purpose: Our Climate Goals in Motion

37 Building Better Practices in Water and Chemical Use

40 Closing the Loop: The Future of Circular Strategies & Packaging

46 Collaboration and Responsibility in Our Supply Chain

50 Preserving Biodiversity Through Responsible Action

56 INSPIRE

58 Our People: Embracing Diversity, Inclusion, and Well-being

80 Protecting Rights Throughout Our Supply Chain

85 Creating Positive Impact in Communities

92 Bold Industry Change Starts with Strong Partnerships

96 Together with Our Customers and Partners: Driving Sustainability Forward

98 Fostering Trust with Ethical Business, Marketing, and Privacy Practices

105 DATA AND DISCLOSURES

Refer to the Data and Disclosures section for the Key ESG Metrics and Disclosures that were subjected to independent external assurance. See page 120 for the related Independent Accountants' Examination Report.

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ESG REPORT FISCAL YEARS 2024-2025

CONTENTS

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At GUESS, sustainability is not a separate initiative, it is core to our identity and integral to the way we operate, design, and innovate. With regulations tightening and climate impacts intensifying, we remain steadfast in our commitment to accountability and meaningful action. As we welcome our FY2024-2025 ESG Report, I am proud to reflect on

the progress made toward our long-term vision: to be a company that not only leads in fashion but helps to shape a more sustainable, inclusive, and transparent industry.

This year, the Southern California wildfires-which deeply impacted the city of Los Angeles, where our North American headquarters is located, served as a powerful reminder that climate change is not a distant threat. It's happening now, and it demands our immediate attention. These events have reinforced our commitment to embedding sustainability into all facets of our operations-from product design and manufacturing to our interactions with customers, employees, and giving back to the communities we serve.

As we welcome our FY2024-2025 ESG Report,

I am proud to reflect on the progress made toward our long-term vision: to be a company that not only leads in fashion but helps to shape a more sustainable, inclusive, and transparent industry.

Our approach to sustainability is about continuous improvement guided by our sustainability strategy,

ACTION GUESS. That means staying agile in a

shifting regulatory landscape, strengthening the integrity of our ESG data, and embedding accountability across every part of our business. In FY2025, we took an important step forward by publishing our renewed Human Rights Policy, a milestone that reinforces our enduring commitment to respecting the dignity and rights of all people-our employees, the workers in our supply chain, our partners, and the places where we operate. We deepened our decarbonization efforts, expanded our GUESS ECO collection offerings, launched GUESS JEANS-with a commitment to sustainability and cutting-edge innovation, and sharpened our focus on supplier partnerships that support fair labor and sustainable practices.

Equally important is how we hold ourselves accountable. We continue to put the findings of our double materiality assessment into action, refining our roadmap to focus on the risks and opportunities most material to our business and stakeholders. Once again, we engaged KPMG

to conduct an independent assurance engagement on key ESG metrics and disclosures contained in the Data and Disclosures section of this report at

a reasonable level-an exceptional practice in our industry-reaffirming our commitment to transparency and integrity in how we communicate our journey.

Looking ahead, we're setting clear targets to reduce greenhouse gas emissions, increase preferred materials in our collections, advance in circular fashion, and strengthen corporate social responsibility across

our global supply chain. These actions reflect our broader goal of integrating sustainability into our brand portfolio, products, operations, and culture.

I'm inspired every day by our global teams, whose passion and creativity continue to drive GUESS forward-toward a future where fashion is not only stylish, but also responsible.

Thank you for joining us on this journey.

CARLOS ALBERINI

CHIEF EXECUTIVE OFFICER AND DIRECTOR GUESS?, INC.

I'm inspired every day

by our global teams, whose passion and creativity continue to drive GUESS forward-toward a future where fashion is not only stylish, but also responsible.

VISIT OUR ONLINE HUB FOR MORE ABOUT HOW SUSTAINABILITY IS WOVEN THROUGH OUR DNA

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Over the last 44 years, GUESS has invited people to dream with us, driven by our desire to create products that inspire and make people feel confident. Today, sustainability is a bigger part of our story more than ever before. And what makes me proud is seeing how our teams have embraced this challenge with the same creativity and passion they bring to everything we do. I believe true transformation starts in the details-in the fabrics we choose, the way we construct a garment, how we support our supply chain, and the waste

we work to eliminate.

As we continue to expand our global footprint, the acquisition of New York-based fashion icon rag & bone marks not just a milestone, but a bold evolution of our creative and cultural narrative. Known for its sophistication and authentic downtown DNA, rag & bone brings

a distinctly American edge that complements and contrasts beautifully with our existing portfolio-brands rooted in heritage, precision, and global refinement.

And with that expansion comes not just greater reach, but greater responsibility-to lead, to listen, and to shape culture in meaningful, sustainable ways.

Today's consumer

isn't just dressing to look good-they're choosing to be part of something bigger. They want their

style to reflect their values, to stand for something.

To me, it's always been about people first. GUESS has always felt like a family, and that sense of connection extends far beyond our offices. It includes the people who make our products, the communities we impact, and the millions of customers around the world who love our brands.

Today's consumer isn't just dressing to look good-they're choosing to be part of something bigger. They want their style to reflect their values, to stand for something. That's the future we're designing for at GUESS: fashion that inspires, empowers, and helps drive meaningful change.

At the end of the day, yes, we are a lifestyle brand. But for me, fashion is nothing without the people behind it.

It's about the people who believe in it, and of course, the people who wear it and make it their own. That's what truly brings fashion to life. Looking ahead, we will keep pushing forward. We will keep innovating, creating, and inspiring- always with the same purpose: to lead with heart and ensure that GUESS remains not just a brand people love, but one they can be proud of.

PAUL MARCIANO

CO-FOUNDER AND CHIEF CREATIVE OFFICER, GUESS?, INC.

Fashion, by nature, thrives on change. It's driven by curiosity, innovation, and the relentless pursuit of what's next. That's what makes our industry exciting, but also what makes sustainability

so intricate.

Fashion, by nature, thrives on change. It's driven by curiosity, innovation, and the relentless pursuit of what's next. That's what makes our industry exciting, but also what makes sustainability so intricate.

Each day, new trends emerge, new collections launch, new technologies enter the scene. Yet the urgency to continue to reduce our environmental impact cannot wait for the next regulation.

Meaningful change is driven by countless small steps, made daily, across every product, team, and decision. We are not waiting for a sudden breakthrough to make fashion more sustainable. Instead, we continuously challenge ourselves and our partners to do better. Could that button be crafted from recycled metal? Are there chemical-free options to execute this process? Can we redesign the packaging to minimize material usage?

These are the kinds of questions we ask ourselves daily.

Innovation is in GUESS's DNA. In 1981, my father and his brothers redefined the denim pant at a time when

the category was evolving beyond its roots as workwear. They made it exciting again with bold, iconic designs and groundbreaking techniques like stonewashing, turning denim into a fashion staple for self-expression and inspiring people everywhere to feel confident.

Today, we continue that legacy of transformation, directing our innovation toward reducing the impact of how we produce our products, not just what we create. GUESS AIRWASH™ is a prime example of this commitment, reinventing the stone-washed look through a sustainable approach by replacing much of the water used in traditional stone washing with air and bubbles. This innovation reduces water and energy consumption in our denim finishing processes, building on the next 40 years

of modern heritage while staying true to denim culture. But for us, this is just the start of a much bigger journey.

We understand that the future of our industry-and of GUESS-depends on how responsibly we use the resources at our disposal. People will always want and need clothing, but it is our responsibility to create it in a way that protects and preserves the planet. We are committed to using every tool, idea, and partnership at our disposal, collaborating with the industry's best practices and embracing circular strategies to make that happen.

NICOLAI MARCIANO

CHIEF NEW BUSINESS DEVELOPMENT OFFICER, GUESS?, INC.

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Our Story

For 44 years, GUESS has been shaping the fashion industry with bold designs, innovation, and a spirit of reinvention. Founded in 1981, we set out to redefine denim, growing into a global powerhouse known for iconic collections and trend-setting style. Today, there are stores in approximately 100 countries, offering an expansive range of lifestyle products that reflect our commitment to style, quality, and innovation.

We listen to our customers, associates, and partners, valuing individuality and embracing new ideas. Our entrepreneurial mindset fuels progress, inspiring fresh

perspectives and continued growth. As we look ahead, our commitment remains the same: pushing boundaries, giving back, and building a more sustainable, inclusive future. With passion, integrity, and principled leadership at our core, we continue shaping what's next while staying true to our heritage. A lifestyle brand that represents being young, sexy, and adventurous!

As of February 1, 2025, the Company had over a thousand directly operated retail locations across the Americas, Europe, and Asia. The Company's partners and distributors additionally operate over 500 retail and outlet stores in different parts of the world. For full information and details on our financial performances, please refer to the FY2025 Annual Report.

Mixing Hollywood glamour with French chic.

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We are proud to have been listed on the New York Stock Exchange (NYSE: GES) since August, 1996.

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*The number of employees reflects the ESG reporting scope, which differs from the Company's 10-K filing, as detailed in the Reporting Scope section.

Disclaimer

GUESS? Inc. published this content on July 02, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on July 02, 2025 at 13:02 UTC.