Ralph Lauren Corporation (RL) unveiled its renewed strategy on Global Citizenship & Sustainability today in New York. According to the new company sustainability strategy, Ralph Lauren will source 100 % sustainable materials by 2025, including cotton.
The strategy named “Design the Change”, is both a commitment and a journey to accelerate the Company’s work across citizenship and sustainability.
-When Ralph founded our Company more than 50 years ago, he did so with the conviction that whatever we create is meant to be worn, loved and passed on for generations,” says Patrice Louvet, CEO and President, Ralph Lauren Corporation.
Design the Change is focused on three areas where Ralph Lauren can create the greatest positive impact: Creating Timeless Style, Protecting the Environment, and Championing Better Lives. Its foundation is 16 ambitious goals that will guide the Company’s work across each of these areas.
Some of the company key performance indicators are:
- Achieve 100% sustainably-sourced key materials – including cotton – by 2025
- Train design, product development and merchant teams on sustainable, circular, inclusive and culturally-aware design annually by 2020
- Set science-based greenhouse gas reduction targets by 2020 and 100% renewable energy targets by the end of 2019
- Achieve gender parity with equal representation in leadership positions at the Vice President level and above by 2023
- Increase female representation in factory management by 25% by 2025
The strategy also include the product actions like EarthPolo, the innovative fabric produced entirely from plastic bottles. One Polo is made from approximately 12 plastic bottles.
The sustainability strategy also integrate better gender balance in different positions in the company and a new campaign to close the leadership gap between women and men.
Ralph Lauren (RL) shares were trading up 0,18 % to 113,86 dollars in New York today.