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FASHION
* The lingerie giant outlines employee gender and ethnic data for the first time.
Victoria's Secret is taking its transformation efforts seriously.
Earlier this month, the lingerie and beauty retailer quietly released its first environmental, social and corporate governance, or ESG, report, outlining never-before-seen statistics on company gender and ethnic makeup, among other things.
"This first ESG report for our company isn't about declaring that we have it all figured out - quite the opposite," Martin Waters, chief executive officer of Victoria's Secret & Co., said in the report. "It's an acknowledgement of the work that lies ahead of us, a transparent look into where we are today and a nod to where we're headed.
"In 2021, we set out to transform our business and embarked on a journey as a new, stand-alone public company," he continued. "In doing so, we knew we had to prove that we could be a viable and profitable company and that we could, once again, be a standard-setter in our industry. We recognize that this will require not simply an evolution of our business, but a revolution, driven by a vision to apply the lessons we have taken to heart in recent years to become the world's leading advocate for women."