General standard disclosures
| General Standard Disclosures | Page Number (or Link) | Identified Omission(s) | External Assurance | Description | Description | |
|---|---|---|---|---|---|---|
| STRATEGY AND ANALYSIS | ||||||
| G4-1 | Letter from the Chairman | Yes | Statement from the most senior decision-maker | |||
| G4-2 |
1. Company’s Risk Management System 3. Main risks that could prevent attainment of business goals 4. Risk tolerance level of the Company 5. Risks that have materialized during the year |
Yes | Description of key impacts, risks, and opportunities | |||
| ORGANIZATIONAL PROFILE | ||||||
| G4-3 | Industria de Diseño Textil, S.A. | Yes | Name of the organization | |||
| G4-4 |
Retail formats |
Yes | Primary brands, products, and services | |||
| G4-5 | Avenida de la Diputación s/n Edificio Inditex, Arteixo, A Coruña, Spain | Yes | Location of the organization’s headquarters | |||
| G4-6 |
Commercial presence Retail formats Annex II Annex III |
Yes | Number of countries where the organization operates | |||
| G4-7 |
1. Ownership structure |
Yes | Nature of ownership and legal form. | |||
| G4-8 |
Commercial presence Annex II Annex III |
Yes | Markets served | |||
| G4-9 |
Evolution of main indicators Sustainability balance |
Yes | Scale of the organization | |||
| G4-10 |
Developing everybody’s talent Quality employment Sustainability balance |
Yes | Employees and contractors data | Principle 6 | ||
| G4-11 | 70% of Inditex employees are covered by a collective agreement (there were no significant changes to this indicator on a country level from 2014). | Yes | Percentage of total employees covered by collective bargaining agreements | Principle 3 | ||
| G4-12 |
Traceability of the supply chain 1. Identification of the supply chain Sustainability balance |
Description of the organization’s supply chain | ||||
| G4-13 |
Evolution of main indicators 5. Consolidated statement of changes in equity Consolidated directors’ report |
Significant changes during the reporting period | ||||
| G4-14 |
1. Company’s Risk Management System 6. Response and supervision plans for the main risks faced by the entity |
Yes | Precautionary approach | |||
| G4-15 |
Sustainable development at Inditex 2. Assessment of the supply chain 4. Stakeholder engagement More sustainable design and raw materials Colaboración con organismos policy-makers y sectoriales |
Yes | Externally developed economic, environmental and social principles, or other initiatives to which the organization subscribes or which it endorses | |||
| G4-16 |
2. Assessment of the supply chain 4. Stakeholder engagement 5. Sustainability of the supply chain |
Yes | Memberships of associations | |||
| IDENTIFIED MATERIAL ASPECTS AND BOUNDARIES | ||||||
| G4-17 |
Appendix I - Composition of the Inditex Group |
Yes | Entities included in the organization’s consolidated financial statements | |||
| G4-18 |
Main indicators Sustainable development at Inditex Appendix I - Composition of the Inditex Group |
Yes | Process for defining the report content and the Aspect Boundaries | |||
| G4-19 |
Sustainable development at Inditex Balance of material issues |
Yes | Material Aspects identified | |||
| G4-20 |
Sustainable development at Inditex Balance of material issues The contents of the Annual Report are defined based on the materiality analysis. This analysis takes into account the different stages of Inditex’s value chain in order to identify the most relevant internal and external aspects. The Material Aspects identified within the organization by means of this focus are also material for all entities that form part of the Inditex Group. |
Yes | Aspect Boundary within the organization | |||
| G4-21 |
Sustainable development at Inditex Balance of material issues |
Yes | Aspect Boundary outside the organization | |||
| G4-22 | There were no significant changes that led to a redrafting of the information. The details of any changes in information with a timescale or organizational scope different to that of previous years are described along with the data in question. | Yes | Restatements of information provided in previous reports | |||
| G4-23 |
5. Consolidated statement of changes in equity Consolidated directors’ report |
Yes | Cambios significativos en la cobertura o alcance del informe | |||
| Significant changes from previous reporting periods in the Scope and Aspect Boundaries | ||||||
| G4-24 |
Sustainable development at Inditex |
Yes | Stakeholder groups engaged by the organization | |||
| G4-25 |
Sustainable development at Inditex 9. Code of Conduct and Responsible Practices and the Committee of Ethics Inditex performs a detailed analysis of its stakeholders with the aim of identifying the impact of its activities on stakeholders and developing a strategy aimed at attaining sustainability in its processes. |
Yes | Basis for identification and selection of stakeholders | |||
| G4-26 |
Sustainable development at Inditex Traceability of the supply chain 3. Optimization of the supply chain 2. General Meeting of Shareholders Balance of material issues |
Yes | Organization’s approach to stakeholder engagement, including frequency of engagement by type and by stakeholder group | |||
| G4-27 |
Sustainable development at Inditex Balance of material issues |
Yes | Key topics and concerns that have been raised through stakeholder engagement | |||
| REPORT PROFILE | ||||||
| G4-28 |
6. Notes to the consolidated annual accounts of the Inditex group at 31 January 2016 The Annual Report reflects the Inditex Group’s economic, social and environmental performance in the year 2015, which extends from 1 February 2015 to 31 January 2016. |
Yes | Reporting period | |||
| G4-29 | June 2015 | Yes | Date of most recent previous report | |||
| G4-30 |
6. Notes to the consolidated annual accounts of the Inditex group at 31 January 2016 |
Yes | Reporting cycle | |||
| G4-31 |
Contact |
Yes | Contact point for questions regarding the report | |||
| G4-32 |
Main indicators |
Yes | ‘in accordance’ option the organization has chosen and GRI Content Index | |||
| G4-33 |
Main indicators |
Yes | External assurance for the report | |||
| Gobierno | ||||||
| G4-34 |
1. Ownership structure 2. General Meeting of Shareholders 3. Board of Directors 4. Board of Directors’ Committees |
Yes | Governance structure of the organization | |||
| G4-35 |
4. Board of Directors’ Committees 8. Transparency, independence and good governance Consolidated directors’ report |
Yes | Process for delegating authority from the highest governance body to senior executives and other employees | |||
| G4-36 |
5. Remunerations 6. Senior executives 7. Related-party transactions and situations of conflict of interest 5. Main relationships of the Audit and Control Committee |
Yes | Executive-level position or positions with responsibility for economic, environmental and social topics | |||
| G4-37 |
Sustainable development at Inditex 9. Code of Conduct and Responsible Practices and the Committee of Ethics |
Yes | Processes for consultation between stakeholders and the highest governance body | |||
| G4-38 |
3. Board of Directors 4. Board of Directors’ Committees |
Yes | Composition of the highest governance body and its committees | |||
| G4-39 |
3. Board of Directors |
Yes | Report whether the Chair of the highest governance body is also an executive officer | |||
| G4-40 |
3. Board of Directors 4. Board of Directors’ Committees |
Yes | Nomination and selection processes for the highest governance body and its committees | |||
| G4-41 |
8. Transparency, independence and good governance |
Yes | Processes for the highest governance body to ensure conflicts of interest are avoided and managed | |||
| G4-42 |
3. Board of Directors 2. Corporate bodies responsible for drawing up and enforcing the Risks Management System Additional information available on the Inditex website Our principles www.inditex.com/es/our_group/our_approach Sustainable management: www.inditex.com/es/sustainability/managing_sustainability |
Yes | Highest governance body’s and senior executives’ roles in the development, approval, and updating of the organization’s purpose, value or mission statements, strategies, policies, and goals | |||
| G4-43 |
3. Board of Directors |
Yes | Measures taken to develop and enhance the highest governance body’s collective knowledge of economic, environmental and social topics | |||
| G4-44 |
3. Board of Directors 4. Main lines of action |
Yes | Evaluation of the highest governance body’s performance | |||
| G4-45 |
Sustainable development at Inditex 3. Board of Directors Consolidated directors’ report 2. Corporate bodies responsible for drawing up and enforcing the Risks Management System |
Yes | Highest governance body’s role in the identification and management of economic, environmental and social impacts, risks, and opportunities. Include the highest governance body’s role in the implementation of due diligence processes and stakeholder consultation | |||
| G4-46 |
2. Corporate bodies responsible for drawing up and enforcing the Risks Management System 6. Response and supervision plans for the main risks faced by the entity |
Yes | Highest governance body’s role in reviewing the effectiveness of the organization’s risk management processes for economic, environmental and social topics. | |||
| G4-47 |
3. Board of Directors 2. The Audit and Control Committee: origin and evolution, regulations and composition 3. Activities of the Audit and Control Committee: Sessions held, business transacted, reports and attendees |
Yes | Frequency of the highest governance body’s review of economic, environmental and social impacts, risks, and opportunities | |||
| G4-48 |
Sustainable development at Inditex The Board of Directors is the body in charge of reviewing and approving the Annual Report |
Yes | Highest committee or position that formally reviews and approves the organization’s sustainability report | |||
| G4-49 |
3. Board of Directors 6. Response and supervision plans for the main risks faced by the entity 2. The Audit and Control Committee: origin and evolution, regulations and composition |
Yes | Process for communicating critical concerns to the highest governance body | |||
| G4-50 |
3. Activities of the Audit and Control Committee: Sessions held, business transacted, reports and attendees 3. Activities of the Nomination Committee: Sessions held, business transacted, reports and attendees 3. Activities of the Remuneration Committee: Sessions held, business transacted, reports and attendeess |
Yes | Nature and total number of critical concerns that were communicated to the highest governance body | |||
| G4-51 |
5. Remunerations 6. Notes to the consolidated annual accounts of the Inditex group at 31 January 2016 Report of the Remuneration Committee For more information please consult the Annual Report on Board Member Remuneration (sections A.1.1., A.1.2., A.1.3. and A.1.4.) available at: https://www.inditex.com/documents/10279/133278/IAR+2015+FINAL+WEB+CORPORATIVA+ESPA%C3%91OL.pdf/dae5e96f-f7bc-4a9d-af9a-b464f3b561f1 |
Yes | Remuneration policies for the highest governance body and senior executives and how performance criteria in the remuneration policy relate to the highest governance body’s and senior executives’ economic, environmental and social objectives | |||
| G4-52 |
4. Main lines of action 5. Main relationships of the Remuneration Committee For more information please consult the Annual Report on Board Member Remuneration (sections A.2.1., A.2.3. and A3) available at: https://www.inditex.com/documents/10279/133278/IAR+2015+FINAL+WEB+CORPORATIVA+ESPA%C3%91OL.pdf/dae5e96f-f7bc-4a9d-af9a-b464f3b561f1 . |
Yes | Process for determining remuneration. Report whether remuneration consultants are involved in determining remuneration and whether they are independent of management | |||
| G4-53 |
4. Main lines of action 5. Main relationships of the Remuneration Committee For more information please consult the Annual Report on Board Member Remuneration (sections A.1.3., A.3. and D.3) available at: https://www.inditex.com/documents/10279/133278/IAR+2015+FINAL+WEB+CORPORATIVA+ESPA%C3%91OL.pdf/dae5e96f-f7bc-4a9d-af9a-b464f3b561f1 . |
Yes | Report how stakeholders’ views are sought and taken into account regarding remuneration | |||
| G4-54 |
Quality employment 5. Remunerations |
Yes | Ratio of the annual total compensation | |||
| G4-55 |
Quality employment 5. Remunerations 6. Senior executives |
Yes | Ratio of percentage increase in annual total compensation | |||
| ETHICS AND INTEGRITY | ||||||
| G4-56 |
Creating economic and social value Integrity of the supply chain 9. Code of Conduct and Responsible Practices and the Committee of Ethics Code of Conduct and Responsible Practices: http://www.inditex.com/en/our_group/our_approach/code_conduct_responsible_practices |
Yes | Organization’s values, principles, standards and norms of behavior such as codes of conduct and codes of ethics | Principle 10 | ||
| G4-57 |
9. Code of Conduct and Responsible Practices and the Committee of Ethics
1. Entity’s control environment |
Yes | Internal and external mechanisms for seeking advice on ethical and lawful behavior | Principle 10 | ||
| G4-58 |
9. Code of Conduct and Responsible Practices and the Committee of Ethics 1. Entity’s control environment |
Yes | Internal and external mechanisms for seeking advice on ethical and lawful behavior | Principle 10 | ||