CORPORATE COMMUNICATIONLaurent Lawrence[emailprotected], INVESTOR RELATIONSCorinna Van der Ghinst[emailprotected]. 0000021828 00000 n The Company also announced that from Fiscal 2022 onwards, key environmental, social and governance (ESG) metrics will be incorporated into executive remuneration. 0000023294 00000 n 0000004693 00000 n Maintaining independence and editorial freedom is essential to our mission of empowering investor success. All Rights Reserved. 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. To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research. It implements water reduction initiatives in some of its supply chain. Terms of Service apply. 0000024292 00000 n For more information, visit https://corporate.ralphlauren.com. 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. Nikola Agrees to Acquire Romeo Power, To Bring Battery Pack Engineering and Mullen Opens 100 Technology Drive in Irvine, California, for Automotive EV NIO Inc. It does not use fur or angora. 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. lippes Ralph Lauren is rated 'Not good enough' overall. consumer brands. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. For more than half a century, weve stood for things that last that never go out of style. 0000003691 00000 n 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. We also respect individual opinionsthey represent the unvarnished thinking of our people and exacting analysis of our research processes. naumd There is no evidence it implements practices to support diversity and inclusion in most of its supply chain. 0000001036 00000 n 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. Continuing its material efforts, Ralph Lauren said by 2023, it will be using 100 percent Responsible Down Standard or Traceable Down Standard certified down and feathers, and by 2025, 100 percent Sustainable Fibre Alliance certified (or equivalent) or recycled cashmere. H\n0z 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. 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. Its animal rating is 'not good enough'. 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. 0000224447 00000 n It also says 100 percent of viscose will be sourced and verified through CanopyStyle audits by 2025; 100 percent of leather will be traceable and verified to animal welfare and land management standards, or covered by impact incentives, and 100 percent of its tanned leather will be Leather Working Group certified by 2025. For more than 50 years, Ralph Lauren has sought to inspire the dream of a better life through authenticity and timeless style. 0000004489 00000 n Under Timeless, Design has strengthened its commitment to advance the circular economy with a new promise of Live On that will enable its past and future products to live responsibly by 2030. Thats why were committed to supporting our employees, our partners and those within our communities and working with them to build a bright future. Strengthening our commitment to advancing a circular economy through our new Live On promise to enable our past and future products to live on responsibly by 2030; Deepening our work across Native and Indigenous communities, including the launch of our. 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. consumer brands. Its reputation and distinctive image have been consistently developed across an expanding number of products, brands and international markets. Creating a business that is timeless and has a positive impact means building relationships that stand the test of time ensuring everyone is included, respected and empowered. citizenship ResponsibilityReports.com has over 11,387+ responsibility reports including sustainability reports, corporate social responsibility reports, csr reports, corporate responsibility reports, cr reports, citizenship reports, esg reports, and environmental reports online. Our ESG Supplement includes disclosures to: the Global Reporting Initiative(GRI), the Sustainability Accounting Standards Board(SASB) and the Task Force on Climate-Related Financial Disclosures(TCFD). Read our editorial policy to learn more about our process. 0000224557 00000 n Please consider supporting us by disabling your ad blocker, Fosun Actively Promotes Global ESG Development and Acts as a Responsible Global Citizen, Santoli: S&P 500 tests bottom of recent range as Wall Street projects bleak market scenarios, Asian shares rose after the US Fed signaled another rate hike, Asian stocks are rising as investors shrug off adverse data, BlackRock Blazier says investment giant doesnt buy downturn, SeaSpine (NASDAQ:SPNE) Downgraded according to StockNews.com, The Hottest Housing Markets During the Pandemic Also Have the Highest Inflation, When the temperature reaches 70, Alaskans feel the heat and start suffering from health ailments Alaska Public Media News, 3 Powerful Business Lessons I Learned From Triathlons, East Haven Businesses Empty Due to Fire Safety Issues at Plaza, Fire Marshal Says, How to negotiate a higher salary from a 27-year-old on track to make $1 million this year: Know your absolute wants and absolute donts. 0000002798 00000 n Ralph Lauren Corporation (NYSE:RL) has published its fiscal year 2021 annual Global Citizenship & Sustainability Report (FY21 Report), a detailed progress update on its Design the Change strategy. All Rights reserved. Our 2022 Global Citizenship & Sustainability Report shares our progress across our Timeless by Design pillars: Create with Intent, Protect the Environment and Champion Better Lives. 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. It has a formal animal welfare policy aligned with Five Freedoms but has no clear mechanisms to implement. This is our commitment to have a lasting, positive impact on the planet and in the communities we serve. 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. 2020 Global Citizenship & Sustainability Report, 2020 Global Citizenship & Sustainability Report. operandi sartorial Factors that could cause actual results, performance or success to differ materially include, but are not limited to, the risk factors identified in the Companys annual report on Form 10-K filed with the Securities and Exchange Commission. trailer <<71ED573BC926460ABF235D85FB1A1FD6>]/Prev 249659>> startxref 0 %%EOF 62 0 obj <>stream These products and more were created to be worn, loved and passed on through generations. endstream endobj 27 0 obj <>>> endobj 28 0 obj >/PageTransformationMatrixList<0[1.0 0.0 0.0 1.0 0.0 0.0]>>/PageUIDList<0 204>>/PageWidthList<0 612.0>>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text/ImageC]/XObject<>>>/Rotate 0/Tabs/W/Thumb 21 0 R/TrimBox[0.0 0.0 612.0 792.0]/Type/Page>> endobj 29 0 obj [30 0 R 31 0 R] endobj 30 0 obj <>/Border[0 0 0]/H/N/Rect[99.9399 433.808 172.582 421.442]/Subtype/Link/Type/Annot>> endobj 31 0 obj <>/Border[0 0 0]/H/N/Rect[311.875 111.997 342.241 99.172]/Subtype/Link/Type/Annot>> endobj 32 0 obj <> endobj 33 0 obj [/ICCBased 48 0 R] endobj 34 0 obj <>stream How we use your information depends on the product and service that you use and your relationship with us. For more information, go to https://corporate.ralphlauren.com. 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. All views expressed and information displayed are those solely of the authors of the articles. 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. Ralph Lauren is also launching Color on Demand, as reported. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. Providing an inaugural grant through the Ralph Lauren Corporate Foundation to establish the US Regenerative Cotton Fund, which supports long-term, sustainable cotton production in the United States to eliminate 1 million metric tons of carbon dioxide equivalent from the atmosphere by 2026. Past reports, relevant citizenship and sustainability policies and disclosures are shared below. 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. Privacy Policy and 0000008442 00000 n It traces some animal products to the first stage of production. 0000006593 00000 n Clothing Recycler Helpsy Launches Storefront to Keep Up WithResellers. operandi Our Timeless by Design philosophy has three pillars: Since the inception of our Company, weve always believed in creating things that last. 0000001470 00000 n 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. Video: Behind the Scenes of Christian Cowan's Fall 2020 Collection, Video: How Ashley Graham Changed the Fashion Industry, Video: 'The Bachelorette' Hannah Brown Grades Iconic Celebrity Couples Looks, Video: How the 2020 Golden Globes Ambassadors Get Ready for the Show, Video: The Spring 2020 It Bags You Need to Know, Video: Fabien Baron on Kate Moss, Madonna and More, Video: A Photographer's Guide to Paris Fashion Week, Nordstrom Promotes Sam Lobban to Senior Merchandising Position, 2021 Beauty Inc + Footwear News Virtual Wellness Forum, JD Sports Loses $66 Million on FootasylumSale, Browns QB Deshaun Watson Suspended for SixGames, The Best Paper-Airplane Books for Learning an Age-OldCraft. 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. 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. Ralph Lauren is owned by Ralph Lauren Corporation. 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 introduced Color on Demand, seeking to revolutionize how fashion industry dyes cotton. 0000003726 00000 n 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. Read also: Fosun Actively Promotes Global ESG Development and Acts as a Responsible Global Citizen. For more information, visit https://corporate.ralphlauren.com. 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. operandi The company published a Net Zero Commitment Statement detailing how it expects to achieve that target. We may use it to: To learn more about how we handle and protect your data, visit our privacy center. We provide a platform for our authors to report on investments fairly, accurately, and from the investors point of view. The full press statement announcing Ralph Laurens Net Zero Commitment Statement is available for download here. I discovered the heritage of a timeless world, uncontrived, free-formed and free-spirited, natural and from the earth, and it touched me and became the living part of all I design.. All Rights reserved. The Asia Garment Hub is not responsible for the views expressed by the authors of articles on display. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive. Disclaimer: Dear Teams, Customers, Community and Business Partners, Investors and Friends. While this list is not exhaustive, see many of our FY22 memberships, initiatives and partnerships here. From fiscal 2022 onward, key environmental, social and governance metrics will be incorporated into executive remuneration. Today, we are applying this philosophy beyond the products we make and into the world around us. 0000004376 00000 n 0000007215 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. 0000020737 00000 n 0000010259 00000 n sartorial Forward-looking statements include, but are not limited to, corporate citizenship and objectives. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. Provide specific products and services to you, such as portfolio management or data aggregation. 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. We are committed to transparency throughout our citizenship and sustainability journey. It has a policy to source wool from non-mulesed sheep but does not provide evidence on how it is implemented. The Companys brand nameswhich 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 othersconstitute one of the worlds most widely recognized families of consumer brands. Producing 33% of products (units) that met the Companys sustainable material criteria; Establish resale and recycling experiences for consumers by 2022 and. SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. The Company has added the Task Force on ClimateRelated Financial Disclosures (TCFD) Index to this years report and discloses new carbon and water footprints. 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. Discover the best styles and everything you need to know about ethical and sustainable fashion. 0000005283 00000 n ralph lauren realizes gains sustainability gra categories comment date october Beginning in fiscal 2022, Ralph Lauren said it will incorporate key environmental, social and governance metrics into executive remuneration. "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. hb`````f`e`? B@16 @ES`J6 ;@ =@Z U" 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 its value chain. 0000004600 00000 n Gear advertisements and other marketing efforts towards your interests. Copyright 2022 Ralph Lauren. Copyright 2022 Morningstar, Inc. All rights reserved. %PDF-1.7 % These metrics will include the Companys advancements on its commitments to protect the environment and progress on its journey to deepen diversity and inclusion across its workforce. Additional progress reported in the FY21 Report includes: The full FY21 Report and ESG Supplement are available for download on the Companys website. Video: Do These Outrageous Celebrity Fashion Looks Hold Up? 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.. 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. Our service enables potential investors to review the most recent and archived Ralph Lauren Corp. Sustainability Report, Ralph Lauren Corp. Corporate Social Responsibility Report, Ralph Lauren Corp. CSR Report, Ralph Lauren Corp. Corporate Responsibility, Ralph Lauren Corp. CR Report, Ralph Lauren Corp. operandi 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. Little of its supply chain is certified by labour standards which ensure worker health and safety, living wages or other labour rights. ralph lauren sustainability goals change circularity sets accelerated responsibility corporation strategy corporate features york around Corporate Carbon Footprint Assurance Statement. View source version on businesswire.com: https://www.businesswire.com/news/home/20210615005324/en/. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. 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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.