Iconic American fashion company Ralph Lauren Corporation has published its global citizenship and sustainability report for fiscal 2021, revealing its progress with its environmental and social goals and establishing ambitious new targets, including the reduction of its greenhouse gas (GHG) emissions to zero by 2040.
The New York-based company’s zero emissions target builds on its existing goal to reduce its absolute GHG emissions across its operations and supply chain by 30%, compared to fiscal 2020 levels. The newly announced objective is accompanied by a Net Zero Commitment Statement, which details how Ralph Lauren expects to achieve its goal.
This also marks the first time that the company has added the Task Force on Climate-Related Financial Disclosures (TCFD) Index to its annual report, a move which increases the group’s transparency for both environmental and social issues. On top of this, the document includes expanded factory disclosures, listing tier-one factories that account for around 90% of Ralph Lauren’s apparel and home textile business volume.
In terms of diversity, the company’s latest report also tracks its progress on achieving key goals, such as having at least 20% of its global leadership team represented by underrepresented racial and ethnic groups by 2023.