How We Report

Throughout this Integrated Report we aim to show all of our stakeholders how Inditex generates value in the short, medium and long term and to provide an honest, relevant and accurate account of our performance in 2021.

The contents of the Integrated Management Report include both financial and non-financial information. Our Non-Financial Statement covers our legal requirements under Spanish Law 11/2018 on non-financial and diversity reporting and under the EU Taxonomy Regulation (Regulation (EU) 2020/852 of the European Parliament and of the Council on the establishment of a framework to facilitate sustainable investment).

In preparing this Report, we followed the recommendations issued by the leading reporting initiatives:

• The Integrated Reporting Framework compiled by the International Integrated Reporting Council (IIRC). Inditex is a member of the IIRC Business Network and has been following its principles from the outset of the initiative, having participated in the first pilot test carried out by the organisation in 2011.
• The Global Reporting Initiative (GRI) Sustainability Reporting Standards. We have been following the GRI standards since 2007 and are members of the GRI Community, made up of businesses from different sectors who collaborate together, demonstrate leadership in reporting matters and share know-how and best practices. Note, additionally, that our Report has been prepared in accordance with the GRI Standards - Comprehensive option.
• The principles enshrined in the United Nations Global Compact, which we endorsed in 2001. This Report is also fit for the purpose of providing the Communication on Progress with those principles, to which end the GRI Table of Contents itemises the various parts of the document that are related with each of the Global Compact principles.
• Sustainability Accounting Standard Board (SASB). We followed the instructions contained in the Apparel, Accessories and Footwear sector standard and this Report includes a SASB compliance table indicating the contents and metrics related with that standard.
• The Business Reporting on the SDGs: An Analysis of Goals and Targets guide developed by the Action Platform for Reporting on the Sustainable Development Goals, a platform organised jointly by the United Nations Global Compact and the Global Reporting Initiative, which Inditex was part of from its creation until its conclusion in 2020. As a result, this Report provides precise disclosures about our contribution to the United Nations Sustainable Development Goals (SDGs).
• The European common enforcement priorities for 2021 annual financial reports published by the European Securities and Markets Authority (ESMA). In 2021, those key enforcement priorities relate primarily to disclosures regarding the impacts of covid-19, aspects related with climate change and the new EU Taxonomy.
• The recommendations issued by the Task Force on Climate Related Financial Disclosures (TCFD). In 2021 we reported on the basis of the TCFD recommendations for the second year in a row and this Report includes a specific chapter addressing how we manage climate change related risks and opportunities.