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Gap Inc.’s Leap Towards Digital Sustainability Reporting with IRIS CARBON

Category : ESG Reporting

Gap Inc.’s Leap Towards Digital Sustainability Reporting with IRIS CARBON

Customer Profile

Gap Inc

Gap Inc., headquartered in San Francisco, California, leads the apparel industry with its purpose-driven lifestyle brands offering a diverse range of clothing, accessories, and personal care goods for all ages under prestigious labels such as Old Navy, Gap, Banana Republic, and Athleta. With a strong presence in the United States, Asia, the Middle East, Europe, and Africa.

This reflects the company’s commitment to Sustainability and staying ahead of the curve by Digital reporting using SASB XBRL taxonomy.

Business Challenges

Gap Inc.'s ESG Reporting and Disclosures team set to accomplish the following business objectives

  • Stakeholder Engagement: To improve ESG reporting accessibility across diverse stakeholders
  • Favorable ESG Assessments: Accurate audit process for improved ESG ratings
  • Precise Performance Comparison: Converting to machine-readable format for better rater and aggregator evaluations
  • Operational Efficiency: Saving time through streamlined communication channels with raters and rankers

Gap Inc. Meets ESG Reporting Goals with IRIS CARBON®

The IRIS CARBON® team provided Gap Inc. with a structured approach to meet their business objective for ESG Reporting

  • Offering XBRL Expertise: The team at Gap Inc. was expertly guided through a smooth onboarding process by team IRIS, ensuring they understood the intricacies of the SASB XBRL taxonomy to navigate digital ESG reporting accurately.
  • XBRL Conversion and Creation: Smoothly conducted the conversion and creation of Gap Inc.’s 2021 ESG Report smoothly digitized, ensuring accurate representation and compliance with reporting standards.
  • Seamless Report Publishing Process: Through the integration of an XBRL viewer link into an in-line viewer, team IRIS enabled Gap Inc. to publish their ESG report on their website, contributing to transparency initiatives and stakeholder engagement.
  • Digital Transformation of GAP Inc. Reporting: IRIS team digitally upgraded Gap Inc.’s ESG Reporting, facilitating smooth review and approvals.

“IRIS CARBON® came with a good understanding of XBRL, the taxonomy, and how it worked. They helped us understand our limitations in terms of using the framework or things that may not work with the way we were disclosing. We are excited to take this step ahead and cannot wait to see how the market responds to it”.

Marvin Smith
Director – ESG Reporting & Disclosures (Gap Inc.)

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