1I In a first step, actual and potential positive and negative impacts of the Company along the value chain in the following categories were identified
To this end, HUGO BOSS reviewed various sources, including the natural capital assessment carried out by HUGO BOSS itself, as well as current inquiries from various external stakeholders such as customers, non-governmental organizations (NGOs) and investors. Ratings, regulatory projects, scientific publications and media coverage were also taken into account.
2I The information obtained in this way was evaluated with regard to recurring effects and compared with the Company’s long-standing knowledge of its impact on the economy, the environment and people.
3I Subsequently, the identified impacts were broken down by topic. An internal group of experts then weighted the effects and discussed the results with the relevant departments and summarized them in a list. This was finally released by the Sustainability Committee as a list of the material topics of HUGO BOSS.
The list guides the Company in its strategy development and reporting and is regularly reflected as an integral part of the sustainability presentation with external stakeholders.