Sustainability is a vital part of “CLAIM 5” – a cause that is essential to our corporate responsibility and ongoing business activities. In line with our bold commitment to support creating a planet free of waste and pollution, our Sustainability Strategy focuses on five key pillars that actively address big industry challenges: increasing circularity, driving digitization & data analytics, leveraging nature-positive materials, fighting microplastics, and pushing towards zero emissions. By embracing these pillars, we are paving the way towards a better and more sustainable future.
SUSTAINABILITY STRATEGY
As we aim to extend the longevity and life cycles of our products, we have set ourselves the ambitious target of having 80% circular products by 2030. To achieve this, we have implemented various measures, including expanding our products’ recycling potential. Combined Non-financial Statement, Resource Use and Circular Economy
As part of our Group and sustainability strategies, we are digitalizing our business activities across the entire value chain and harnessing the power of data, having set the target to develop more than 90% of our products digitally by 2025. In doing so, we aim to minimize waste and reduce our CO2 emissions by accurately forecasting trends and anticipating customer preferences. Product Development and Innovation
As we recognize our Company’s deep connection to functioning ecosystems, we are putting a strong emphasis on sourcing materials to reduce our environmental footprint and support biodiversity preservation. Our goal is to source 100% of our natural materials in alignment with regenerative farming principles or through closed-loop recycling by 2030. To reach this target, among other things, we are collaborating with Raddis Cotton, an Indian cooperative that promotes regenerative farming. Combined Non-financial Statement, Biodiversity and Ecosystems
The widespread use of synthetic fibers is one contributor to microplastic pollution. To address this issue, we are committed to phasing out polyester and polyamide in our products by 2030, by exploring and leveraging true alternatives to synthetic fibers. In this context, we entered a long-term strategic partnership with Swiss innovator HeiQ to jointly develop and scale AeoniQ, a cellulose yarn that offers similar properties to polyester and polyamide. Product Development and Innovation, Combined Non-financial Statement, Pollution
We have set ambitious targets to reduce our carbon footprint and contribute to climate protection, as we are committed to achieving net zero emissions by 2050. As part of this commitment, we aim to reduce our CO2 emissions along the entire value chain by 50% by 2030 (base year: 2019), without relying on additional offsetting. To reach these goals, among other things, we are fostering regenerative farming to significantly lower emissions in raw material sourcing and are actively working to further reduce the use of airfreight. Combined Non-financial Statement, Climate Change
Our sustainability strategy and its five key pillars are built on a strong environmental, social, and governance (ESG) core, guiding all our business activities. We actively engage in numerous initiatives fostering a greener planet while promoting social and governance cohesion. In addition to environmental protection, we also prioritize socially responsible production processes. Consequently, HUGO BOSS puts a strong emphasis on ensuring the safety and well-being of its own employees and workers in our value chain. Above all, this includes attaching the utmost importance to compliance with international human and labor rights. At the same time, we are convinced that good and responsible corporate governance is a key factor for long-term business success. Our sustainability strategy, including its ESG core, aligns closely with the results of our double materiality analysis, ensuring that the topics identified as most material are incorporated in our strategic priorities. This also includes the setting of topic-specific goals and implementing targeted measures to achieve them. Combined Non-financial Statement