MONROE, Mich., July 20, 2022 (GLOBE NEWSWIRE) — La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furnishings, today announced its first Environmental, Social and Governance (ESG) Published a report. This report explores how La-Z-Boy Incorporated’s continued investment in sustainable products, a healthy planet, and a value-based culture are paying off for customers, consumers, employees, shareholders, and the world at large. Share what brings you.
Melinda Whittington, president and CEO of La-Z Boy Incorporated, said: As we build the La-Z-Boy of tomorrow, our goal is to make the world a better place through the transformative power of comfort. It means operating with respect for the planet, inspiring a culture of sustainability and leveraging our core values. ”
Provides sustainable comfort is a philosophy embedded in La-Z-Boy Incorporated’s ESG initiatives. In 2021, La-Z-Boy Incorporated has made remarkable progress in his three main pillars: Sustainable Design, Sustainable Planet and Sustainable Culture. Highlights include:
sustainable design
- To demonstrate the progress of sustainability initiatives by furniture companies, we scored highly on the Wood Furniture Scorecard, an initiative of the National Wildlife Federation and the Sustainable Furniture Council.
- Established a Supplier Inclusion Program to ensure inclusions are a component of all products manufactured by La-Z-Boy Incorporated.
sustainable earth
- Joined the Science Based Targets Initiative (SBTi) to achieve net zero emissions by 2050.
- La-Z-Boy Incorporated entered into a virtual power purchase agreement to help address the carbon footprint of more than 90% of current US total annual energy consumption.
sustainable culture
- Signed the CEO Action Pledge for Diversity and Inclusion, outlining concrete actions to foster a diverse, inclusive and trusting environment.
- Provided more than $2.7 million to nonprofits through cash and in-kind contributions from La-Z-Boy Incorporated and the La-Z-Boy Foundation.
To learn more about how La-Z-Boy Incorporated delivers sustainable comfort, read the full ESG report at https://www.la-z-boy.com/content/AboutLaZBoy.
Additional Information
This news release is only a portion of La-Z-Boy’s financial disclosure and should be read in conjunction with other information filed with the SEC. https://lazboy.gcs-web.com/financial-information/sec-filingsInvestors and others who wish to be notified of future La-Z-Boy news releases, SEC filings and quarterly investor conference calls should sign up at the following address. https://lazboy.gcs-web.com/.
Background information
La-Z-Boy Incorporated is one of the world’s leading manufacturers of home furnishings, selling furniture for every room in your home. The Wholesale segment includes England, La-Z-Boy and American Drew.®Hamari®Kincaid® The company’s international wholesale and manufacturing operations. The company-owned retail division includes 161 of his 348 La-Z-Boy furniture galleries.® shop. Joybird is an e-commerce retailer and manufacturer of upholstered furniture.
The company’s branded distribution network is dedicated to selling La-Z-Boy Incorporated products and brands and includes 348 standalone La-Z-Boy furniture galleries.® Stores and 531 Independent Comfort Studios® In addition to the company’s Kincaid and England business unit in-store gallery programs, additional information is available at http://www.la-z-boy.com/.
