ralph lauren sustainability report 2022

In addition to recycled cotton, the company plans to use 100 percent recycled polyester by 2025 and 100 percent Responsible Wool Standard certified or recycled wool by 2025. 0000008442 00000 n Maintaining independence and editorial freedom is essential to our mission of empowering investor success. 26 37 0000025313 00000 n We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. F 2e917\`p`| s(s 0>fQ`*^ U g -? These products and services are usually sold through license agreements or subscriptions. All Rights reserved. 26 0 obj <> endobj xref Expanding our portrayal of the American dream through the Polo Ralph Lauren Exclusively for Morehouse and Spelman Colleges Collection; Introducing the RLX CLARUS Polo Shirt, made with the worlds first high-performance cotton fabric; Creating the U.S. Regenerative Cotton Fund with the Soil Health Institute to expand climate-smart agriculture on American cotton farms. The fabric processing aims to deliver the worlds first scalable zero wastewater cotton dyeing system. Produce 100% recycled cotton products of high quality by 2025; Continuing its partnership with World Wildlife Fund, completing the Companys first global water footprint measurement and setting targets that will help it achieve its 20% total water use reduction goal and increase community water access; and. We disclose our climate change strategy, impacts and opportunities annually throughCDP. 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In the report, Ralph Lauren also introduces expanded factory disclosures, which provide more clarity on the Companys operations by listing tier 1 factories that represent approximately 90% of its apparel and home textile business volume. According to the company, 100 percent of its packaging materials will be recyclable, reusable or sustainability sourced by then. There is no evidence it has a policy to protect biodiversity in its supply chain. Building on the workforce diversity data disclosures from previous years and the Companys focus on ensuring increased representation in its workforce specifically its goal to have at least 20% of the Global Leadership Team represented by underrepresented racial and ethnic groups by 2023 the FY21 Report includes expanded workforce diversity data with additional gender and U.S. race and ethnicity breakdowns, inclusive of the Companys Board of Directors, Global Leadership Team and corporate and non-corporate employees. Incorporating this philosophy into our entire value chain is a natural and critical extension of Ralphs vision as we work to address our impact beyond the beautiful products and experiences we create.. Copyright 2022 Ralph Lauren. All views expressed and information displayed are those solely of the authors of the articles. 0000009744 00000 n To stay current on our Timeless by Design journey, please see our latest news. Ralph Lauren Strengthens Its Commitments to Advancing a Circular Economy with New 'Live On' Promise, Further Enabling Extended Life of Its Products, Ralph Lauren Corporate Foundation Announces $25 Million Commitment to Five Cancer Centers Across America with Goal of Reducing Disparities in Cancer Care in Underserved Communities, Ralph Lauren Fragrances Introduces POLO EARTH: The New Fragrance with a Purpose, UK, California and Australia Transparency. Ralph Lauren is owned by Ralph Lauren Corporation. 0000005956 00000 n The convergent of the global pandemic, climate crisis and call to action to dismantle systemic racism has been a catalyst for the business community to focus and accelerate its progress toward a more equitable and sustainable future, said Patrice Louvet, president and chief executive officer of Ralph Lauren Corp. We embrace that call to action wholeheartedly at Ralph Lauren, demonstrated by the progress our teams have made in the last year including our increased transparency, climate goal and integration of ESG metrics into executive remuneration. The factors that could cause actual results, performance or achievements to materially differ include, among others the risk factors identified in the Companys Annual Report on Form 10-K, Form 10-Q and Form 8-K reports filed with the Securities and Exchange Commission. Its reputation and distinctive image have evolved across a wide range of products, brands, distribution channels and international markets. 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Citizenship Report, Ralph Lauren Corp. ESG Report, and Ralph Lauren Corp. Environmental Report online. 0000001343 00000 n This year, the Company strengthened its commitment to climate by establishing a net zero goal with a clear roadmap to achieving this target and deepened its transparency with increased diversity data, climate data and factory data disclosures. 0000004693 00000 n James House. Ralph Lauren Takes Minority Stake in Natural Fiber Welding Inc. Ralph Lauren to Offer the Industry Color on Demand System, Sign up for WWD news straight to your inbox every day. 0000004600 00000 n Disclaimer: consumer brands. %PDF-1.7 % Our past Global Citizenship & Sustainability Reports and ESG Supplements can be found below. It represents our commitment to ensure timelessness is embedded from inspiration through to products every use and re-use across generations taking into account how we value nature, and how we champion the people and communities that intersect our business. The Company also announced that from Fiscal 2022 onwards, key environmental, social and governance (ESG) metrics will be incorporated into executive remuneration. The new report further details Ralph Laurens developed Timeless by Design approach to ensure that the philosophy of timelessness is rooted from inspiration to every use and reuse of products across generations. For more than 50 years, Ralph Lauren's reputation and distinctive image have been consistently developed across an expanding number of products, brands and international markets. The company is also continuing its partnership with World Wildlife Fund completing its first global water footprint measurement and setting targets to help it reach its goal of 20 percent total water use reduction and increase community water access. 0000003726 00000 n This core belief in timelessness influences everything we create from our iconic Polo shirt to our cashmere sweaters and hand-stitched ties. In fact, these actions are in line with Ralph Laurens pledge to the climate goals identified in the Paris Agreement, and build on the steps the company has already taken to reduce its carbon footprint throughout the value chain. 0000001036 00000 n B6@q Cd/p`jdSa {S, This company has an annual report available to view on our partner site, AnnualReports.com, Ralph Lauren Corporation (NYSE: RL) is a leader in the design, marketing and distribution of premium lifestyle products in four categories: apparel, home, accessories and fragrances. For more information, visit https://corporate.ralphlauren.com. Forward-looking statements include statements regarding, among other things, our environmental and social goals and plans for future executive remuneration, and are indicated by words or phrases such as "anticipate," "outlook," "estimate," "expect," "project," "believe," "envision," "goal," "target," "can," "will," and similar words or phrases. All Rights reserved. SPECIFIC NOTE REGARDING VISUAL STATEMENTSThis press release and the Global Citizenship and Sustainability Report contain objectives, initiatives and forward-looking statements within the meaning of the Private Securities Disputes Reform Act of 1995. 0000021828 00000 n The Asia Garment Hub is a platform in which relevant industry news is streamed in real time. Gear advertisements and other marketing efforts towards your interests. For more than 50 years, Ralph Laurens reputation and distinctive image have been constantly evolving in a growing number of products, brands and international markets. We embrace that call to action wholeheartedly at Ralph Lauren, demonstrated by the progress our teams have made in the last year including our increased transparency, climate goal and integration of ESG metrics into executive remuneration. The companys brand names, including Ralph Lauren, Ralph Lauren Collection, Ralph Lauren Purple Label, Polo Ralph Lauren, Double RL, Lauren Ralph Lauren, Polo Ralph Lauren Children and Chaps, are one of the worlds most respected families. 0000224557 00000 n Read our editorial policy to learn more about our process. From fiscal 2022 onward, key environmental, social and governance metrics will be incorporated into executive remuneration. Read also: Fosun Actively Promotes Global ESG Development and Acts as a Responsible Global Citizen. Copyright 2022 StockTitan.net - All rights reserved. By adopting practices that help protect the worlds natural sources, we can be stewards in protecting our environment for generations to come. 0000004489 00000 n Clothing Recycler Helpsy Launches Storefront to Keep Up WithResellers. 0000013463 00000 n The Company assumes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. trailer <<71ED573BC926460ABF235D85FB1A1FD6>]/Prev 249659>> startxref 0 %%EOF 62 0 obj <>stream As we look to the future, we will continue identifying ways to accelerate this work through partnership and collaboration that can deliver positive impact at scale.. 0000002798 00000 n Through ralphlauren.com, the reduced packaging option gives customers the ability to have plastic or paper inserts, hangers, garment bags, promotional materials and paper invoices removed from their orders. Ralph Lauren 2021 Global Citizenship & Sustainability Report and ESG Supplement, Ralph Lauren 2020 Global Citizenship & Sustainability Report and ESG Supplement, Ralph Lauren 2019 Global Citizenship & Sustainability Report and ESG Supplement. It discloses policies to protect suppliers in its supply chain from the impacts of COVID-19 but not workers. As we look to the future, we will continue identifying ways to accelerate this work through partnership and collaboration that can deliver positive impact at scale.. 0000224447 00000 n Ralph Lauren Executive Chairman and Chief Creative Officer, Patrice Louvet President and Chief Executive Officer, Our approach to create positive social and environmental impact across our Company, industry and society, Follow our citizenship and sustainability progress. management (ESG). Ralphs commitment to timelessness has kept our designs and, ultimately, our business resilient and relevant for more than 50 years, said Patrice Louvet, president and CEO of Ralph Lauren Corporation. Copyright 2022 Ralph Lauren. We are committed to transparency throughout our citizenship and sustainability journey. 0000021033 00000 n Ensure all of our design, production and merchant teams receive annual training on sustainable, circular, inclusive and culturally aware design, Five of our iconic products will be C2C Certified by 2025, Offer high quality products made with 100% recycled cotton by 2025, Enable our past and future products to Live On responsibly by 2030, Set and implement circular principles into our design and development process by 2025, Connect consumers with options to rent, repair and recirculate our products in select top cities by 2025, Invest in scaling innovative technologies and regenerative practices to advance a circular economy by 2025, Achieve 100% sustainably sourced key materials by 2025, 100% of animal-derived materials will be certified to an animal welfare standard and traceable by 2025, Achieve 100% wood substrates used in key elements of new store interiors Forest Stewardship Council (or equivalent) Certified repurposed or recycled by 2025, 80% of our business will be with key and strategic suppliers that meet the criteria across business, social and environmental performances and potential by 2025, Reduce absolute Scope 1, 2 and 3 GHG emissions by 30% by 2030 (SBTi-approved) and achieve net zero by 2040 from a FY20 base year, Power our owned and operated offices, distribution centers and stores with 100% renewable electricity by 2025, Develop a biodiversity strategy and set goals aligned with the Science Based Targets for Nature by 2024, Achieve at least a 20% reduction in total water use across our operations and value chain, compared to a FY20 baseline by 2025, Achieve zero waste to landfill across our distribution centers by 2023, Achieve 100% recyclable, reusable or sustainably sourced packaging materials by 2025, Eliminate the use of hazardous chemicals in our supply chain by 2025, Ensure at least 20% of our Global Leadership Team is comprised of underrepresented racial and ethnic groups by FY23, Maintain gender parity with equal representation in leadership positions at the VP level and above, Increase employee volunteer hours by 25% compared to a FY22 baseline by 2025, Roll out our Wage Management Strategy to all of our strategic and key suppliers to address fair and timely compensation for factory workers by FY23, Make empowerment and life skills programs available to 250,000 workers across our supply chain by 2030, Achieve a 25% increase of women in factory leadership that seeks to create a path to parity by 2025. 0000009103 00000 n 0000002935 00000 n The full press statement announcing Ralph Laurens Net Zero Commitment Statement is available for download here. For more information, go to https://corporate.ralphlauren.com. "Ralph Lauren Corporation (NYSE:RL) today published its 2022 Global Citizenship & Sustainability Report, outlining the Companys progress across its environmental, social and governance (ESG) commitme Ralph Lauren deepens commitment to timelessness in 2022 global citizenship & sustainability report, https://asiagarmenthub.net/news/kyna/2022/ralph-lauren-deepens-commitment-to-timelessness-in-2022-global-citizenship-sustainability-report, https://asiagarmenthub.net/@@site-logo/Asia-Garment-Hub-Logo-Navy.png, Changing the Terms of the Decarbonization Conversation, https://kyna-intel.org/article?article_id=23470. 0000003071 00000 n Today, we are embracing our philosophy of timelessness to create more responsibly with more sustainable materials, according to circular design principles and by instilling cultural sustainability practices. 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This site is protected by reCAPTCHA and the Google Producing 33% of products (units) that met the Companys sustainable material criteria; Establish resale and recycling experiences for consumers by 2022 and. Ralph Lauren Strengthens Its Commitments to Advancing a Circular Economy with New 'Live On' Promise, Further Enabling Extended Life of Its Products, Ralph Lauren Corporate Foundation Announces $25 Million Commitment to Five Cancer Centers Across America with Goal of Reducing Disparities in Cancer Care in Underserved Communities, Ralph Lauren Fragrances Introduces POLO EARTH: The New Fragrance with a Purpose, UK, California and Australia Transparency.

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