lululemon Launches Centre for Social Impact to Further Advance Equity in Wellbeing

Rhea-AI Summary

lululemon athletica (NASDAQ:LULU) has launched the Centre for Social Impact, committing $75 million USD to enhance equitable wellbeing by 2025. The initial $5 million USD will support grassroots organizations and global partnerships, aiming to impact over 10 million people. This initiative aligns with the company's existing programs, including funding from the Here to Be grant program. The Centre will consolidate lululemon's wellbeing efforts, focusing on mental health, education for girls, and aid for LGBTQ youth.

Positive

• Launch of the Centre for Social Impact to promote equity in wellbeing.
• Commitment of $75 million USD by 2025 to wellbeing programs.
• Initial $5 million USD investment supporting grassroots initiatives.
• Goal to positively impact over 10 million people globally by 2025.

Negative

• None.

Launch Supports lululemon’s Commitment to Invest $75 Million USD into Equitable Wellbeing Programs by 2025 with an Initial $5 Million USD Investment in Local Grassroots Organizations and Global and National Non-Profits

VANCOUVER, British Columbia--(BUSINESS WIRE)-- lululemon athletica inc. (NASDAQ:LULU) today announced the launch of its Centre for Social Impact to disrupt inequity in wellbeing through movement, mindfulness, and advocacy. Through the Centre, lululemon will invest in removing barriers through philanthropy, research, and advocacy to support physical, mental, and social wellbeing across its local and global communities. The Centre will unify and amplify lululemon’s existing social impact programs, such as Here to Be, as well as innovate new programs and wellbeing tools with the goal to positively impact more than 10 million people globally by 2025.

This World Mental Health Day, the Company is sharing how it’s supporting the work of leading non-profit organizations. Centre initiatives at launch include a $5 million USD investment across a number of new and long-term local grassroots partners through lululemon’s Here to Be grant program as well as global and national non-profits, including:

• The Girls Opportunity Alliance, a program of the Obama Foundation that empowers adolescent girls around the world and their well-being through education. Through this partnership, lululemon will join them in lifting up adolescent girls across the globe and the grassroots leaders working to educate them.
• The National Alliance on Mental Illness (NAMI), the United States’ largest grassroots mental health organization dedicated to building better lives for the millions of Americans affected by mental illness. lululemon will help lead the establishment of a 9-8-8 crisis number for mental health and suicide prevention services.
• The Trevor Project, the world’s largest suicide prevention and crisis intervention organization for LGBTQ young people. lululemon is supporting The Trevor Project’s life-saving mission to end suicide among LGBTQ youth.

“At lululemon, we believe everyone has the right to be well and we know the path to wellbeing is possible when tools, support, and resources are accessible to all,” said Esther Speck, lululemon Vice President of Global Sustainability and Social Impact. “Through lululemon’s Centre for Social Impact, we will leverage our expertise, resources, and communities to advocate for the wellbeing of those most impacted by systemic inequity around the world.”

Katrina Gay, Chief Development Officer, NAMI said, “Looking to the future, lululemon’s support will help ensure that we are able to lead a series of community-level, multi-disciplinary projects that will provide an elevated response for mental health issues facing our communities.”

The Centre builds on lululemon’s commitment to wellbeing and current social impact work in this area, which includes an annual Global Wellbeing Report, mental health first aid training for lululemon employees, the Here to Be grant program, and the Peace on Purpose collaboration with the United Nations Foundation. Since it its launch in 2016, lululemon’s Here to Be program has supported over 750 non-profit organizations that create inclusive access to movement and mindfulness, with grants amounting to $25 million USD, touching more than 1 million people. Peace on Purpose has provided thousands of UN workers with mindfulness and self-care tools for their physical and mental health since the collaboration’s launch in 2019.

The launch of the Centre marks an important milestone in lululemon’s progress across its Impact Agenda, the company’s social and environmental goals and multi-year strategies toward a more equitable, sustainable, and healthy future. The Centre will unify lululemon’s wellbeing initiatives to achieve the Company’s Be Well Impact Agenda goals, which include providing access to wellbeing tools for more than 10 million people by 2025 and investing at least $75 million USD to advance equity in wellbeing in its local and global communities by 2025.

For more information on lululemon’s Centre for Social Impact, visit:
https://shop.lululemon.com/social-impact

Forward-looking Statements

This press release contains “forward-looking statements,” which are statements related to future, not past, events. These statements often address our future performance and expected results and are based on our current expectations. Actual results and the timing of events could differ materially from those anticipated in the forward-looking statements as a result of risks and uncertainties we face. For example, we may not be successful in achieving our diversity, equity and inclusion, and sustainability goals; our investment of resources to achieve our environmental, social and governance goals may not be sufficient to achieve those goals or may not achieve the outcomes we intend or expect; stakeholders may not be satisfied with our ESG practices or the speed of their adoption; and our ESG plans or priorities may change based on stakeholder expectations, regulations or management direction. Other risks and uncertainties are included in our most recent reports on Form 10-K and Form 10-Q, which we file with the SEC. All forward-looking statements speak only as of the date of this press release and we do not plan publicly to update these statements to reflect subsequent events or circumstances, except as may be required by law.

About lululemon athletica inc.

lululemon athletica inc. (NASDAQ:LULU) is a healthy lifestyle inspired athletic apparel company for yoga, running, training, and most other sweaty pursuits, creating transformational products and experiences which enable people to live a life they love. Setting the bar in technical fabrics and functional designs, lululemon works with yogis and athletes in local communities for continuous research and product feedback. For more information, visit WWW.LULULEMON.COM.

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FAQ

What is the Centre for Social Impact launched by lululemon (LULU)?

The Centre for Social Impact aims to promote equitable wellbeing through movement, mindfulness, and advocacy, supported by a $75 million USD investment by 2025.

How much is lululemon investing initially in its social impact programs?

lululemon is investing an initial $5 million USD in grassroots organizations and non-profits.

What is the goal of lululemon's wellbeing initiatives?

The goal is to positively impact over 10 million people globally by 2025 through various wellbeing programs.

Which organizations are supported by lululemon's Centre for Social Impact?

Organizations include The Girls Opportunity Alliance, the National Alliance on Mental Illness (NAMI), and The Trevor Project.

What was the total funding allocated by lululemon for social impact prior to this initiative?

Previously, lululemon's Here to Be program has provided $25 million USD in grants.