Ralph Lauren Deepens Commitment to Timelessness in 2022 Global Citizenship & Sustainability Report
24 Junho 2022 - 9:00AM
Business Wire
Ralph Lauren Corporation (NYSE:RL) today published its 2022
Global Citizenship & Sustainability Report, outlining the
Company’s progress across its environmental, social and governance
(ESG) commitments. The new Report further details Ralph Lauren’s
evolved Timeless by Design approach to ensure its philosophy of
timelessness is embedded from inspiration through to products’
every use and reuse across generations.
“Ralph’s embrace of timelessness has kept our designs and,
ultimately, our business resilient and relevant for more than 50
years,” said Patrice Louvet, President & Chief Executive
Officer, Ralph Lauren Corporation. “Embedding this philosophy
across our entire value chain is a natural and critical extension
of Ralph’s vision as we work to address our impacts beyond the
beautiful products and experiences we create.”
As part of Timeless by Design, the Company strengthened its
commitment to advancing a circular economy through its new Live On
promise to enable its past and future products to live on
responsibly by 2030. The new commitment includes targeted goals
such as investing to scale regenerative practices and innovative
technologies by 2025 and extending the life of its products by
piloting ways for its consumers to rent, repair and recirculate
Ralph Lauren products by 2025 in select top cities.
Additional progress shared across Timeless by Design’s three
pillars, Create with Intent, Protect the Environment and Champion
Better Lives, include:
- Announcing the formalization of a Design with Intent department
responsible for culturally sustainable design, product development
and brand storytelling;
- Launching its Artists in Residence program, part of the
Company’s journey to further engage Native American and Indigenous
communities;
- Donating more than $2.5 million in scholarship funds from the
Ralph Lauren Corporate Foundation to institutions focused on
providing equitable access to higher education;
- Strengthening its efforts to elevate factory workers and worker
life skills training, from providing evolved personal health and
digital learning programs to supervisory and leadership
training;
- Announcing that its iconic cashmere sweater will be the
first-of-its-kind luxury Cradle to Cradle (C2C) Certified® product,
available to consumers later this year;
- Widening the aperture of its design inspiration and brand
storytelling to deliver on the Company’s commitment to expand its
portrayal of the American dream through the Polo Ralph Lauren
Exclusively for Morehouse and Spelman Colleges Collection;
- Launching a comprehensive disability equity strategy focused on
six key pillars, including integrating accessible design practices
into its product offerings, building on the Company’s Valuable 500
pledge to add disability awareness to its Board’s DE&I
agenda;
- Increasing transparency and reporting across human rights due
diligence throughout its supply chain; and
- Committing an inaugural grant through the Ralph Lauren
Corporate Foundation to establish the U.S. Regenerative Cotton
Fund, supporting long-term, sustainable cotton production in the
United States with the goal of eliminating 1 million metric tons of
carbon dioxide equivalent from the atmosphere by 2026.
The full 2022 Ralph Lauren Global Citizenship &
Sustainability Report and ESG 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, footwear & accessories, home,
fragrances and hospitality. For more than 50 years, Ralph Lauren
has sought to inspire the dream of a better life through
authenticity and timeless style. Its reputation and distinctive
image have been developed across a wide range of products, brands,
distribution channels 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 and Chaps, among
others—constitute one of the world’s most widely recognized
families of consumer brands. For more information, go to
https://corporate.ralphlauren.com.
ABOUT THE RALPH LAUREN CORPORATE FOUNDATION
The Ralph Lauren Corporate Foundation works to make the dream of
a better life reality by championing equity and empowering
underserved communities around the world. Established in 2001, the
Foundation is committed to making a difference across its core
areas of focus: supporting cancer care and prevention, protecting
the environment, fostering advocacy & access and strengthening
community resilience. It hopes to deliver meaningful change in its
communities through its nonprofit partnerships, investments and
volunteering programs. For more information, please visit:
https://corporate.ralphlauren.com/Foundation.
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release and the Global Citizenship &
Sustainability Report contain goals, initiatives and
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements include statements regarding, among other things, the
Company’s citizenship and sustainability goals and environmental,
social and governance goals. Forward-looking statements are
indicated by words or phrases such as “anticipate,” “aim,”
“outlook,” “commit,” “estimate,” “ensure,” “expect,” “project,”
“believe,” “envision,” “seek,” “goal,” “target,” “can,” “will,” and
similar words or phrases. 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.
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 Company
control. The factors that could cause actual results, performance
or achievements to materially differ include, among others, the
risk factors identified in the Company’s Annual Report on Form 10-K
filed with the Securities and Exchange Commission. 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.
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CORPORATE COMMUNICATIONS Laurent Lawrence
RL-Press@RalphLauren.com INVESTOR RELATIONS Corinna Van der Ghinst
IR@RalphLauren.com
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