Ralph Lauren Announces Comprehensive New Global Citizenship & Sustainability Strategy and Goals
June 12 2019 - 08:01AM
Business Wire
Ralph Lauren Corporation (NYSE:RL) unveiled its renewed strategy
on Global Citizenship & Sustainability as part of its fiscal
year 2019 (FY19) report, published today. The strategy, Design the
Change, is both a commitment and a journey to accelerate the
Company’s work across citizenship and sustainability
and includes a new set of goals that bring clarity and focus
to how Ralph Lauren will deliver the change required to create a
better future. As part of its commitment, the Company also
announced it has signed onto the United Nations Global Compact
(UNGC), joining other companies across industries to implement
universal sustainability principles and to take steps to support UN
goals.
“When Ralph founded our Company more than 50 years ago, he did
so with the conviction that whatever we create is meant to be worn,
loved and passed on for generations,” says Patrice Louvet, CEO and
President, Ralph Lauren Corporation. “This philosophy is deeply
embedded in our culture, our brands and our Purpose–to inspire the
dream of a better life through authenticity and timeless style. It
also inspires Design the Change, a strategy that will accelerate
our efforts to create a positive impact in society and a more
sustainable future.”
Design the Change is led by senior leadership, with strong
governance in place. The Ralph Lauren Corporation Board of
Directors has expanded the responsibilities of the Company’s
Nominating & Governance Committee to include oversight of
environmental and social risks and opportunities; the Company
formed a Senior Steering Team made up of members of the Global
Leadership Team; and the Company recently appointed its first Chief
Sustainability Officer, Halide Alag�z, who also serves as the
Company’s Chief Supply Chain Officer.
Design the Change is focused on three areas where Ralph Lauren
can create the greatest positive impact: Creating Timeless Style,
Protecting the Environment, and Championing Better Lives. Its
foundation is 16 ambitious goals that will guide the Company’s work
across each of these areas.
Select goals include:
- Achieve 100% sustainably-sourced key
materials – including cotton – by 2025
- Train design, product development and
merchant teams on sustainable, circular, inclusive and
culturally-aware design annually by 2020
- Set science-based greenhouse gas
reduction targets by 2020 and 100% renewable energy targets by the
end of 2019
- Achieve gender parity with equal
representation in leadership positions at the Vice President level
and above by 2023
- Increase female representation in
factory management by 25% by 2025
The report also highlights significant Company achievements from
the past year. Of note, Ralph Lauren:
- Unveiled the Earth Polo, a
reimagination of the iconic Polo shirt crafted from an innovative
fabric produced entirely from plastic bottles. The creation of the
Earth Polo is part of the Company’s commitment to recycle 170
million bottles by 2025. Each Polo is made from approximately 12
plastic bottles – which may have otherwise ended up in oceans or
landfills – and uses a completely waterless dyeing process.
- Donated more than 14,000 hours of time
and talent to non-profit organizations through Ralph Lauren Gives
Back. In FY19, the Company hosted three Ralph Lauren Gives Back
weeks, during which Company teams volunteered with 80
organizations. Employees also took part in 64 fundraising walks for
life-threatening illnesses such as cancer and AIDS.
- Achieved a global workforce gender
balance of 64% female, with women holding 53% of positions at and
above the Senior Director level.
- Launched the “Lead Like a Woman”
campaign, a platform which aims to close the leadership gap between
women and men, and includes media, products and events celebrating
female leaders and providing support for the NGO Women in
Film.
The 2019 Global Citizenship & Sustainability Report and the
2019 Standards Supplement are available for download on the
Company’s website.
ABOUT RALPH LAUREN
Ralph Lauren Corporation (NYSE:RL) is a global leader in the
design, marketing and distribution of premium lifestyle products in
five categories: apparel, accessories, home, fragrances and
hospitality. 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's brand names, which include Ralph Lauren, Ralph Lauren
Collection, Ralph Lauren Purple Label, Polo Ralph Lauren, Double
RL, Lauren Ralph Lauren, Polo Ralph Lauren Children, Chaps and Club
Monaco, among others, constitute one of the world's most widely
recognized families of consumer brands. For more information, go to
http://corporate.ralphlauren.com
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