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\tRalph Lauren Corporation (NYSE: RL) announced the next phase of its Global Citizenship & Sustainability (GC&S) strategy, Timeless by Design 2030. The strategy builds on the Company\u2019s meaningful progress over the past several years to enhance the resilience of the teams, communities, partners and natural resources essential to its business.<\/span><\/p>\nRalph Lauren has introduced Timeless by Design 2030, the next phase of its sustainability and social impact roadmap.
\nThe plan focuses on four pillars, supplier partnerships, natural resource protection, employee engagement and community care.
\nThe company aims to build on earlier gains in emissions, water use and sustainable materials while reporting progress annually.<\/p>\n
\tGuided by the Company\u2019s Purpose to inspire the dream of a better life through authenticity and timeless style \u2013 Timeless by Design 2030 is a focused, intentional approach to driving positive impact across Ralph Lauren\u2019s value chain. Since releasing its first GC&S strategy, the Company has made significant advancements and evolved practices throughout its operations to maintain and further advance its progress. This includes reducing GHG emissions; decreasing total water use; meeting at least one sustainable material criteria in 99 per cent of units produced; and expanding its reach\u00a0<\/span>and impact in the fight against cancer.<\/p>\n\tTimeless by Design 2030 is focused on building on these efforts.<\/p>\n
\t\u201cBy investing in the resilience of the people who shape our business, the communities we serve and the resources that make our products possible, we are reinforcing the long-term strength and durability of Ralph Lauren,\u201d said Katie Ioanilli, Chief Global Impact & Communications Officer, Ralph Lauren Corporation<\/strong><\/em>. \u201cAligned to Ralph\u2019s timeless vision that inspires everything we do, this work is enduring and foundational to operating a business that stands the test of time.\u201d<\/span><\/p>\n\tTimeless by Design 2030 is built around four pillars, each with clear, measurable goals. In addition to initiatives that advance the Company\u2019s longstanding commitments, each pillar is anchored by a flagship program reflecting where Ralph Lauren can make a unique and positive impact.<\/span><\/p>\n\tThe Timeless by Design 2030 pillars and flagship programs are:<\/span><\/p>\n\n- \t\tPartner for Impact: This pillar outlines the key partnerships that will help the Company reduce carbon emissions and water use, expand empowerment and life skills programs for workers throughout its supply chain and strengthen strategic supplier relationships. Design with Intent, the Company\u2019s industry-leading work to integrate culturally sustainable design into its product and storytelling, serves as the flagship program.<\/span><\/li>\n<\/ul>\n
\n- \t\tProtect Natural Resources: This pillar focuses on initiatives that address climate- and nature-related impacts, including creating products aligned to the Company\u2019s circular principles, enabling circular experiences for consumers and investing in innovative materials. As cotton is Ralph Lauren\u2019s chief material, Cotton Stewardship is the flagship program, accelerating the shift toward regenerative and recycled cotton.<\/span><\/li>\n<\/ul>\n
\n- \t\tEngage & Enable Teams: This pillar centers on the programs that support Ralph Lauren employees\u2019 growth and development and foster a culture of belonging that attracts and retains the industry\u2019s best talent. The flagship program, Only at RL, encompasses the unique experience of working at Ralph Lauren and how employees build careers in an environment where everyone feels valued.<\/span><\/li>\n<\/ul>\n
\n- \t\tCare for Communities: This pillar advances the Company\u2019s longstanding efforts to give back to the communities it serves, including employee volunteering, philanthropic giving and strategic partnerships. Pink Pony, Ralph Lauren\u2019s global initiative in the fight against cancer, is the flagship program.<\/span><\/li>\n<\/ul>\n
\tTimeless by Design 2030 outlines Ralph Lauren\u2019s priorities for the next five years and enables its Next Great Chapter: Drive strategy. The Company will measure and report progress annually, aligned to the Company\u2019s fiscal year.<\/span><\/p>\n\tNote: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.<\/h6>\n
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Fibre2Fashion News Desk (JP)<\/p>\n
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