Ralph Lauren to reduce emissions by 30 per cent by 2030
Ralph Lauren Corporation has committed to reduce emissions by 30 per cent by 2030, and switch over to 100 per cent renewable electricity by 2025 in its 2020 Global Citizenship and Sustainability Report. The report provides an update on its Design the Change strategy, a commitment to create a positive impact on society by creating a more sustainable future.
This year, in the report the company deepens its commitment with the addition of new, time-bound goals and partnerships, including the establishment of science-based greenhouse gas reduction target and a collaboration with World Wildlife Fund (WWF) to advance its water stewardship goals.
“The global COVID-19 pandemic and the acceleration of the movement to end racial injustice in America and around the world have powerfully reminded all of us of our responsibility to listen, to learn and to act,” said Patrice Louvet, president and chief executive officer. “We are proud of the progress we have made since the launch of our Design the Change strategy last year and will continue to deepen our work, building on our strategies with clear targets and credible partnerships to effect meaningful change in our business and the wider world.”
The company will collaborate with WWF to drive progress toward Ralph Lauren’s goal of reducing water use across its operations and value chain by 20 per cent by 2025. Within the first year, this will include an analysis of the company’s water use, identification of areas of water risk and strategies to decrease consumption and address water quality and other water outcomes across its value chain.
“Public commitments to sustainability drive progress and change. WWF welcomes the ambitious and collaborative sustainability approaches emerging within the fashion and textiles sector, and we are excited to begin this collaborative journey with Ralph Lauren,” said Bridgette McAdoo, vice president, Freshwater Corporate Strategy at WWF. “As we begin our work together to help address water impacts, we are confident that the company’s commitment to shared stewardship of water resources will help drive positive change.”
Ralph Lauren’s FY20 report details company milestones and progress from the past year across three key areas - Create Timeless Style, Protect the Environment and Champion Better Lives.
The report highlights the company’s science-based target to reduce emissions by 30 per cent by 2030, its commitment to switch over to 100 per cent renewable electricity by 2025 in its power owned and operated offices, distribution centres and stores, and its goal to achieve gender parity in its leadership ranks, with women holding 50 per cent of VP level and above positions and score 100 per cent on the Human Rights Campaign Corporate Equality Index, in recognition of the company’s work toward ensuring an equitable, inclusive workplace for LGBTQ+ employees.
The company will also donate, through the Ralph Lauren Corporate Foundation and its business, more than $7 million toward causes including cancer care and prevention, LGBTQIA+ equity and inclusion and clean water access for underserved communities, and had pledged an additional $10 million through the Ralph Lauren Corporate Foundation toward COVID-19 relief.