La-Z-Boy Incorporated Releases FY 2023 Sustainability Report: Delivering Sustainable Comfort
09 Fevereiro 2024 - 11:05AM
La-Z-Boy Incorporated (NYSE: LZB), a global leader in the
manufacture and retail of residential furniture, today released its
fiscal year 2023 Sustainability Report: Delivering Sustainable
Comfort. The report provides a comprehensive overview of the
Company’s commitments, objectives, and the steps taken to achieve
them. It also outlines its sustainability efforts to improve the
Company’s environmental footprint, and its dedication to social
responsibility and ethical governance.
“I am proud of the sustainability efforts across
our organization consistent with our mission, purpose, and values
to empower courage for a sustainable culture, embrace curiosity for
sustainable design, and operate with compassion for a sustainable
planet,” said Tim McCurry, Vice President of Environmental Health
& Safety, Facilities, & Sustainability of La-Z-Boy
Incorporated. “This includes progress against our environmental and
social impact goals and commitments in fiscal year 2023 – including
our continued work toward carbon neutrality in Scope 1 and Scope 2
emissions, our progress in the use of sustainably harvested wood,
and the expansion of our employee giving and volunteerism
program.”
“Our unrelenting commitment to producing
high-quality, comfortable furniture has been a fundamental part of
how La-Z-Boy Incorporated has operated since our founding,” said
Melinda Whittington, President and Chief Executive Officer of
La-Z-Boy Incorporated. “Nearly 100 years later, our Century Vision
strategy includes continued commitment to sustainability that will
make us stronger for the next 100 years.”
Key highlights from the FY 2023 Sustainability
Report include:
- Starting from FY 2023, we have
incorporated sustainability key performance indicators (KPIs) in
our supplier scorecards.
- We successfully executed a power
purchase agreement (PPA) in Mexico. This agreement provides us with
the opportunity to utilize renewable energy sources to power our
largest manufacturing facility located outside the U.S.
- La-Z-Boy Incorporated joined
Ascend’s National Cohort Program as a partner. The move provided
several diverse La-Z-Boy suppliers an opportunity to gain access to
new markets, funding sources, and high-quality business management
education through The Ohio State University Fisher School of
Business.
To learn more about La-Z-Boy Incorporated’s
goals and corporate responsibility performance in FY 2023, read the
full report at https://lazboy.gcs-web.com/.
Media Contact:Mark Becks, CFA,
(734) 457-9538mark.becks@la-z-boy.com
About
La-Z-Boy:La-Z-Boy Incorporated is a
global leader in the manufacture and retail of residential
furniture, marketing furniture for every room of the home. The
Wholesale segment includes La-Z-Boy, England, American Drew®,
Hammary®, Kincaid® and the company's international wholesale
and manufacturing businesses. The company-owned Retail segment
includes 177 of the 353 La-Z-Boy Furniture Galleries® stores. The
Corporate and Other segment includes Joybird, an e-commerce
retailer and manufacturer of upholstered furniture that also has 11
stores in the U.S.
The corporation’s branded distribution network
is dedicated to selling La-Z-Boy Incorporated products and brands,
and includes 353 stand-alone La-Z-Boy Furniture Galleries® stores
and 521 independent Comfort Studio® locations, in addition to
in-store gallery programs for the company’s Kincaid and England
operating units. Additional information is available at
https://www.la-z-boy.com/.
Cautionary Note Regarding
Forward-Looking Statements:This news release contains
“forward-looking” statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements can be identified by the fact that they do not relate
strictly to historical or current facts. Generally, forward-looking
statements include information concerning expectations, projections
or trends relating to our results of operations, financial results,
financial condition, strategic initiatives and plans, expenses,
dividends, share repurchases, liquidity, use of cash and cash
requirements, borrowing capacity, investments, future economic
performance, and our business and industry.
The forward-looking statements in this press
release are based on certain assumptions and currently available
information and are subject to various risks and uncertainties,
many of which are unforeseeable and beyond our control. Additional
risks and uncertainties that we do not presently know about or that
we currently consider to be immaterial may also affect our business
operations and financial results. Our actual future results and
trends may differ materially depending on a variety of factors,
including, but not limited to, the risks and uncertainties
discussed in our fiscal 2023 Annual Report on Form 10-K and other
factors identified in our reports filed with the Securities and
Exchange Commission (the “SEC”), available on the SEC’s website at
www.sec.gov. Given these risks and uncertainties, you should not
rely on forward-looking statements as a prediction of actual
results. We are including this cautionary note to make applicable
and take advantage of the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995 for forward-looking
statements. We undertake no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or for any other reason.
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