Announcement of the formalization of the design department with the intention responsible for culturally sustainable design, product development and storytelling; Launch of the Artists in Residence program, which is part of societys journey to further engage Native American and indigenous communities; Donation of more than $ 2.5 million in scholarship funds from the Ralph Lauren Corporate Foundation to institutions dedicated to providing equitable access to higher education; Strengthen its efforts to enhance factory training and workers life skills, from the provision of advanced personal health programs and digital education to supervisory and management training; Announces that its iconic cashmere sweater will be the first Cradle to Cradle (C2C) luxury product of its kind to be available to consumers later this year; Expanding the space of design inspiration and brand storytelling to fulfill the companys commitment to expand its depiction of the American dream through Polo Ralph Lauren exclusively for the Morehouse and Spelman Colleges collection; Launch a comprehensive disability equality strategy focused on six key pillars, including the integration of accessible design practices into the product offering, building on Valuable 500s commitment to add disability awareness to the Boards DE&I program; increasing transparency and reporting on human rights due diligence throughout the supply chain; a. Cn|lv }9! Forward-looking statements are based largely on the Company's expectations and judgments and are subject to certain risks and uncertainties, many of which are unforeseeable and beyond our control. In the report, Ralph Lauren also introduces expanded factory disclosures, which provide more clarity on the companys operations by listing tier-one factories that represent roughly 90 percent of its apparel and home textile business volume. From fiscal 2022 onward, key environmental, social and governance metrics will be incorporated into executive remuneration. 0000002766 00000 n 0000002935 00000 n We disclose our climate change strategy, impacts and opportunities annually throughCDP. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. 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 than 50 years, Ralph Lauren has sought to inspire the dream of a better life through authenticity and timeless style. 0000003071 00000 n 0000224447 00000 n As companies place greater emphasis on efforts around representation and inclusion, more of them are making that a critical part of leaders performance evaluations. 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. Verify your identity, personalize the content you receive, or create and administer your account. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from the future results, performance or achievements expressed in or implied by such forward-looking statements. Little of its supply chain is certified by labour standards which ensure worker health and safety, living wages or other labour rights. , American Living, Chaps and Club Monaco, constitute one of the world's most widely recognized families of consumer brands. 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. The FY21 Report also reflects Ralph Laurens continued focus on increasing transparency across environmental and social issues as well as its operations. 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. 0000020737 00000 n It discloses policies to protect suppliers in its supply chain from the impacts of COVID-19 but not workers. Discover the best styles and everything you need to know about ethical and sustainable fashion. Building on its existing goal of reducing absolute greenhouse gas (GHG) emissions across its operations and supply chain by 30% compared to Fiscal 2020 levels, Ralph Lauren has set a goal to achieve net zero emissions by 2040. Patrice Louvet Driving Ralph Lauren Forward Beyond Pandemic, Ralph Lauren Resets, Brand Returns to Growth. 0000023294 00000 n We are committed to transparency throughout our citizenship and sustainability journey. 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Ralph Lauren is rated 'Not good enough' overall. 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. 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. Terms of Service apply. 0000007215 00000 n 0000224557 00000 n trailer <<71ED573BC926460ABF235D85FB1A1FD6>]/Prev 249659>> startxref 0 %%EOF 62 0 obj <>stream 0000010259 00000 n The Asia Garment Hub is not responsible for the views expressed by the authors of articles on display. It has a policy to source wool from non-mulesed sheep but does not provide evidence on how it is implemented. 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. This year, the company strengthened its commitment to climate by establishing a net zero goal with a clear roadmap to achieve this target. 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. , Search, target, target, may, will, and similar words or phrases. Ralph Lauren Corp. is making progress on its Design the Change strategy centered around advancing its environmental and social impact efforts. Ralph Lauren is owned by Ralph Lauren Corporation. How we use your information depends on the product and service that you use and your relationship with us. 0000005956 00000 n 0000006593 00000 n Producing 33% of products (units) that met the Companys sustainable material criteria; Establish resale and recycling experiences for consumers by 2022 and. Its reputation and distinctive image have been consistently developed across an expanding number of products, brands and international markets. Ralph Lauren Corporation (NYSE: RL) is a world leader in the design, marketing and distribution of premium lifestyle products in five categories: apparel, footwear and accessories, household, fragrance and hospitality. Furthering its focus on transparency, the company has added the Task Force on Climate-Related Financial Disclosures Index to this years report and discloses new carbon and water footprints. These forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results, performance or achievements to differ materially from future results, performance or achievements expressed or implied in such forward-looking statements. Timeless by Design is the next phase of our Global Citizenship & Sustainability approach, which aims to create positive social and environmental impact across our Company, our industry and broader society. 0000023610 00000 n The Best Clothing and Beauty Deals to Shop During the 2022, The 20 Best Makeup Brush Sets for Every Level, The 20 Best Cocktail Dresses to Wear ThisSummer, 'Blonde' Official Trailer: Ana de Armas Unravels as Marilyn Monroe in Netflix's NC-17 Drama, Prince William's Rumored Affair Is Back at the Top of Twitter News Amid a 'Salacious' Anonymous Report, Tony Dow, Leave It to Beaver Star, in Hospice Despite Representatives Announcing Death, Brad Pitt Drops $40 Million on Carmel's Historic D.L. Its reputation and distinctive image have evolved across a wide range of products, brands, distribution channels and international markets. UK, California and Australia Transparency. It uses some eco-friendly materials including organic cotton. Other advances shared under the three pillars of Timeless by Design, Create with Intent, Protect the Environment and Champion Better Lives include: The full Ralph Lauren Global Citizenship & Sustainability Report for 2022 and the ESG supplement are available for download on the companys website. Copyright 2022 Ralph Lauren. 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. By adopting practices that help protect the worlds natural sources, we can be stewards in protecting our environment for generations to come. As part of this, the Company has also published a Net Zero Commitment Statement that details how it expects to achieve this target. 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. 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. Ralph Lauren is also launching Color on Demand, as reported. 0000001036 00000 n 0000025313 00000 n 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. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. B6@q Cd/p`jdSa {S, Provides July 2022 Delivery Update. All Rights reserved. 26 0 obj <> endobj xref onsemi Reports Record Second Quarter 2022 Results Quarterly Revenue Exceeds $2B New Mountain Capital Announces Intent to Acquire PerkinElmers Applied, Food and Verde Bio Holdings Provides Fiscal Year End Corporate Update, https://www.businesswire.com/news/home/20210615005324/en/, RLJ Lodging Trust Acquires a Boutique Lifestyle Hotel in Downtown Nashville and Repurchases Shares, ARLO DEBUTS FIRST-EVER NATIONAL CAMPAIGN AIRING ACROSS LINEAR TV NETWORKS AND STREAMING PLATFORMS, Cresco Labs to Hold Second Quarter 2022 Earnings Conference Call on August 17, 2022, Alliance Resource Partners, L.P. Reports Record Revenues up 70.1%, Net Income Rose 266.7% and EBITDA Increased 105.6%; Raises Quarterly Cash Distribution to $0.40 Per Unit; Announces New Energy Transition Investment and Updates Guidance. This site is protected by reCAPTCHA and the Google Another 2025 goal focuses on packaging. Our Timeless by Design philosophy has three pillars: Since the inception of our Company, weve always believed in creating things that last. These products and services are usually sold through license agreements or subscriptions. Forward-looking statements are based primarily on the Companys expectations and judgments and are subject to certain risks and uncertainties, many of which are unpredictable and beyond the Companys control. 0000021828 00000 n Ralph Lauren Corporation is a global leader in the design, marketing and distribution of premium lifestyle products in five categories: apparel, footwear & accessories, home, fragrances and hospitality. 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. 0000001343 00000 n This is our commitment to have a lasting, positive impact on the planet and in the communities we serve. Below are policies and disclosures that share our approach across select citizenship and sustainability issueareas. CORPORATE COMMUNICATIONLaurent Lawrence[emailprotected], INVESTOR RELATIONSCorinna Van der Ghinst[emailprotected]. For more than 50 years, Ralph Lauren has sought to inspire the dream of a better life through authenticity and timeless style. It does not use fur or angora. 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 most respected families in the world. 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. Wed like to share more about how we work and what drives our day-to-day business. The Company also announced that from Fiscal 2022 onwards, key environmental, social and governance (ESG) metrics will be incorporated into executive remuneration. Our ratings are based on a scale from 1 (We avoid) to 5 (Great) How we rate. 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. This work also extends to our efforts in diversity, equity & inclusion, our approach to philanthropy and prioritizing the well-being of our global teams. NEW YORK, June 27, 2022 / CSRwire / Ralph Lauren Corporation (NYSE: RL) today released its 2022 Global Citizenship and Sustainability Report, which outlines the companys progress in its environmental, social and environmental commitments. To stay current on our Timeless by Design journey, please see our latest news. 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. 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.. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. O RALPH LAUREN Ralph Lauren Corporation (NYSE: RL) is a world leader in the design, marketing and distribution of premium lifestyle products in five categories: clothing, footwear and accessories, household, fragrance and hospitality. Ralph Lauren Shares Progress on Environmental and Social Goals in Its Fiscal 2021 Global Citizenship & Sustainability Report, Women's, Children's, and Infants' Clothing and Accessories Merchant Wholesalers. 0000021673 00000 n Beginning in fiscal 2022, Ralph Lauren said it will incorporate key environmental, social and governance metrics into executive remuneration. )*@P|PL]N.1>Lvm;s%y[_C:;jq:wicxLc;_Ka.\kSl0|;\K]k>x0sHVYnuu3OrZb|ygqZZQW. Video: Do These Outrageous Celebrity Fashion Looks Hold Up? Copyright 2022 StockTitan.net - All rights reserved. Translation service disabled. 2020 Global Citizenship & Sustainability Report, 2020 Global Citizenship & Sustainability Report. It uses leather, exotic animal hair, exotic animal skin and down. This press release, and oral statements made from time to time by representatives of the Company, may contain certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.
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ralph lauren sustainability report 2022