Combined Non-Financial Statement
- Statement summarizes material disclosures on sustainability aspects
- Eight topics identified as material within the meaning of Section 289c (3) of the German Commercial Code (HGB)
- Definition of reported performance indicators is oriented toward GRI Standards
About this combined non-financial statement
Under Sections 315b and 315c HGB [“Handelsgesetzbuch”: German Commercial Code] in conjunction with Sections 289b to 289e HGB, the Company hereby publishes this combined non-financial statement for the HUGO BOSS Group and HUGO BOSS AG. It substantively summarizes the material disclosures for the Company regarding the five required aspects of environmental, employee and social matters, respect for human rights and anti-corruption and bribery matters. In the drafting of the statement, HUGO BOSS oriented itself, particularly for the definition of the reported performance indicators, toward the Global Reporting Initiative (GRI) Standards.
As part of the reporting process, HUGO BOSS has analyzed whether risks exist that are associated with its own business activity, its business relationships, and its products or services, and that very likely have or will have serious adverse impacts on the aspects. HUGO BOSS has no such risks to report.
Unless otherwise noted, the disclosures made in this statement reflect equally the perspective of HUGO BOSS AG and that of the Group. With the exception of references to the chapter “Business Activities and Group Structure” as part of the combined management report, any references to information outside the combined non-financial statement comprise information going beyond the mandatory disclosures under the German Commercial Code and do not form part of the statement. The combined non-financial statement was subject to a voluntary review with limited assurance according to ISAE 3000 (Revised). (PDF:) Independent Auditor’s Limited Assurance Report
Description of the business model
HUGO BOSS is one of the leading companies in the premium segment of the global apparel market. The business model of HUGO BOSS is described in detail in the chapter on “Business Activities and Group Structure.” Business Activities and Group Structure
Derivation of material topics
The basis used for selecting the topics presented in this statement is a materiality analysis conducted by HUGO BOSS in 2019, which encompassed in particular a materiality review according to Section 289c (3) HGB. It has been analyzed to what extent the topics are of particular relevance for understanding the Company’s development, performance, and position, and the impact of its activity on the above aspects. The following sections discuss the eight topics identified as material in the course of the analysis. The reassessment undertaken and an internal reorganization of sustainability topics carried out in 2019 both mean that the topics presented differ from those of the prior year.