We. “Combining excellence and sustainability”
As part of its sustainability management activities, HUGO BOSS maintains a constructive dialog with its stakeholders. Facing up to the expectations of its main stakeholders, identifying different requirements and jointly discussing challenges and possible responses to them – all these aspects are viewed by HUGO BOSS as business necessities and as an opportunity to create additional value for both sides. In 2015, these include concrete projects with the International Union for Conservation of Nature (IUCN), the Fair Labor Association (FLA) and the Natural Capital Coalition. In Germany, HUGO BOSS joined the Federal government’s Textiles Partnership. Moreover, it maintains a dialog with sustainability-oriented analysts and investors.
In 2015, a comprehensive materiality analysis was performed to systematically address the requirements of internal and external stakeholders, make the key strategic themes affecting business opportunities and risks even more tangible for HUGO BOSS and apply them more effectively to the defined fields of action. The results and methods are described in greater detail in the 2015 Sustainability Report.
Two Sustainability Days, held for the first time at the facilities in Metzingen and Coldrerio (Switzerland), helped to raise employees’ awareness of sustainability. They are to be held twice a year in the future and will focus each time on one of the fields of action defined in the sustainability strategy. In 2015, the focus was on the “products” field of action. The “HUGO BOSS Sustainability Award” for employees was introduced for the first time in 2015, rewarding the most innovative idea for reducing waste in the product portfolio.