La-Z-Boy Incorporated Releases FY2024 Impact Report Highlighting Sustainability and Community Action
La-Z-Boy (NYSE: LZB) has released its FY2024 Impact Report, showcasing significant sustainability achievements and community initiatives. The report, titled 'Preserving Our Heritage, Transforming for Tomorrow', outlines the company's progress in environmental and social responsibility.
Key accomplishments include:
- SBTi validation of targets to reduce Scope 1 emissions by 64%, Scope 2 by 62%, and Scope 3 by 51% by FY2032
- Achieved 96% recycling rate for non-hazardous waste and 20% reduction in hazardous waste
- Renewable energy covering 75% of U.S. and 64% of global electricity consumption
- Over $1.4 million in donations through La-Z-Boy Foundation and 16,000 furniture pieces donated to Ronald McDonald House Charities
The company also highlighted its TranZform Initiative implementation across manufacturing facilities and the restoration of a 120-acre plot at its World Headquarters. These efforts align with La-Z-Boy's Century Vision strategy, targeting its 100th anniversary in 2027.
La-Z-Boy (NYSE: LZB) ha pubblicato il suo Rapporto di Impatto per l'anno fiscale 2024, evidenziando importanti successi in materia di sostenibilità e iniziative comunitarie. Il rapporto, intitolato 'Preservare il Nostro Patrimonio, Trasformare per il Futuro', delinea i progressi dell'azienda nella responsabilità ambientale e sociale.
Tra i risultati chiave ci sono:
- Validazione da parte di SBTi degli obiettivi di ridurre le emissioni di Scope 1 del 64%, Scope 2 del 62% e Scope 3 del 51% entro l'anno fiscale 2032
- Raggiungimento di un tasso di riciclaggio del 96% per i rifiuti non pericolosi e riduzione del 20% dei rifiuti pericolosi
- Energia rinnovabile che copre il 75% del consumo elettrico negli Stati Uniti e il 64% a livello globale
- Oltre 1,4 milioni di dollari in donazioni attraverso la La-Z-Boy Foundation e 16.000 pezzi di arredamento donati a Ronald McDonald House Charities
L'azienda ha inoltre evidenziato l'attuazione della sua iniziativa TranZform in tutti gli impianti di produzione e il ripristino di un terreno di 120 acri presso la sua sede mondiale. Questi sforzi sono allineati con la strategia 'Century Vision' di La-Z-Boy, che punta al centenario nel 2027.
La-Z-Boy (NYSE: LZB) ha lanzado su Informe de Impacto para el año fiscal 2024, destacando logros significativos en sostenibilidad e iniciativas comunitarias. El informe, titulado 'Preservando Nuestro Patrimonio, Transformando para el Mañana', describe el progreso de la empresa en responsabilidad ambiental y social.
Los logros clave incluyen:
- Validación por parte de SBTi de los objetivos para reducir las emisiones de Alcance 1 en un 64%, Alcance 2 en un 62% y Alcance 3 en un 51% para el año fiscal 2032
- Tasa de reciclaje del 96% para residuos no peligrosos y reducción del 20% en residuos peligrosos
- Energía renovable cubriendo el 75% del consumo eléctrico en EE. UU. y el 64% a nivel global
- Más de 1,4 millones de dólares en donaciones a través de La-Z-Boy Foundation y 16,000 muebles donados a Ronald McDonald House Charities
La empresa también destacó la implementación de su iniciativa TranZform en sus instalaciones de fabricación y la restauración de un terreno de 120 acres en su sede mundial. Estos esfuerzos están alineados con la estrategia 'Century Vision' de La-Z-Boy, que tiene como objetivo su centenario en 2027.
La-Z-Boy (NYSE: LZB)는 2024 회계연도 영향 보고서를 발표하며, 지속 가능성과 커뮤니티 이니셔티브에서의 중요한 성과를 보여주었습니다. 보고서 제목은 '유산 보존, 내일을 위한 변화'이며, 회사의 환경 및 사회적 책임 진전을 설명합니다.
주요 성과는 다음과 같습니다:
- SBTi의 검증을 통해 Scope 1 배출량을 64%, Scope 2를 62%, Scope 3을 51% 줄이기 위한 목표 설정
- 위험이 없는 폐기물의 96% 재활용률과 위험물질의 20% 감소 달성
- 미국 전력 소비의 75% 및 전 세계 전력 소비의 64%를 커버하는 재생 에너지
- La-Z-Boy 재단을 통해 140만 달러 이상의 기부와 Ronald McDonald House Charities에 16,000개 가구 기부
회사는 또한 제조 시설에서 TranZform 이니셔티브의 실행과 본사 부지에서 120에이커를 복원한 것을 강조했습니다. 이러한 노력은 2027년 100주년을 목표로 하는 La-Z-Boy의 'Century Vision' 전략과 일치합니다.
La-Z-Boy (NYSE : LZB) a publié son Rapport d'Impact pour l'exercice 2024, mettant en avant des réalisations significatives en matière de durabilité et des initiatives communautaires. Le rapport, intitulé 'Préserver notre héritage, se transformer pour demain', décrit les progrès de l'entreprise en matière de responsabilité environnementale et sociale.
Les principales réalisations incluent:
- Validation par SBTi des objectifs de réduction des émissions de Scope 1 de 64%, des émissions de Scope 2 de 62% et des émissions de Scope 3 de 51% d'ici l'exercice 2032
- Taux de recyclage de 96% pour les déchets non dangereux et réduction de 20% des déchets dangereux
- Énergie renouvelable couvrant 75 % de la consommation électrique aux États-Unis et 64 % au niveau mondial
- Plus de 1,4 million de dollars en dons via la La-Z-Boy Foundation et 16 000 meubles donnés aux Ronald McDonald House Charities
L'entreprise a également mis en avant la mise en œuvre de son initiative TranZform dans ses installations de fabrication et la restauration d'un terrain de 120 acres à son siège mondial. Ces efforts s'alignent sur la stratégie 'Century Vision' de La-Z-Boy, qui vise son centenaire en 2027.
La-Z-Boy (NYSE: LZB) hat seinen Impact Report für das Geschäftsjahr 2024 veröffentlicht, der bedeutende Erfolge in den Bereichen Nachhaltigkeit und Gemeinschaftsinitiativen aufzeigt. Der Bericht mit dem Titel 'Unser Erbe bewahren, für die Zukunft transformieren' beschreibt die Fortschritte des Unternehmens in Bezug auf Umwelt- und soziale Verantwortung.
Wichtige Erfolge umfassen:
- Validierung der Ziele durch SBTi zur Reduzierung der Scope-1-Emissionen um 64%, der Scope-2-Emissionen um 62% und der Scope-3-Emissionen um 51% bis zum Geschäftsjahr 2032
- Einen Recyclinganteil von 96% für nicht gefährliche Abfälle und eine Reduzierung um 20% bei gefährlichen Abfällen erreicht
- Erneuerbare Energien decken 75% des Energieverbrauchs in den USA und 64% des globalen Stromverbrauchs
- Über 1,4 Millionen US-Dollar an Spenden durch die La-Z-Boy-Stiftung und 16.000 gespendete Möbelstücke an die Ronald McDonald House Charities
Das Unternehmen hob auch die Umsetzung seiner TranZform-Initiative in den Produktionsstätten und die Wiederherstellung eines 120 Acres großen Grundstücks an seinem Hauptsitz hervor. Diese Bemühungen stehen im Einklang mit La-Z-Boys 'Century Vision'-Strategie, die auf das 100-jährige Jubiläum im Jahr 2027 abzielt.
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MONROE, Mich., Jan. 10, 2025 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in the manufacture and retail of residential furniture, has released its fiscal year 2024 Impact Report: Preserving Our Heritage, Transforming for Tomorrow. Through this report, La-Z-Boy Incorporated details how sustainability is infused into its corporate strategy and operations as a core business principle, bolstered by its human-centered approach and intentional supply chain management practices to leave a positive impact on people, communities, and the planet.
“Our 2024 Impact Report is more than a reflection of our progress — it’s a testament to what we can achieve when we stay true to our values,” said Melinda Whittington, La-Z-Boy Incorporated Board Chair, President and Chief Executive Officer. “Together, we share a continued commitment to transforming our world through comfort, and this purpose is reflected in everything we do. From our consumer focus to our human-centered approach in development of our employees, to the care we bring to our manufacturing processes and our communities, we are intentional about our impact and what it means for the future.”
Key highlights for the fiscal year 2024 report include:
- Received SBTi validation of our near-term targets, which include a 64 percent reduction in Scope 1 emissions, a 62 percent reduction in Scope 2 emissions, and a 51 percent reduction in Scope 3 emissions by fiscal year 2032, advancing the company toward its 2050 net-zero goal.
- Reached a 96 percent recycling rate for all non-hazardous waste and a 20 percent year-over-year reduction in the generation of hazardous waste.
- Renewable energy portfolio covered 75 percent of U.S. and 64 percent of global electricity consumption.
- Company-wide adoption of the TranZform Initiative across all La-Z-Boy Incorporated manufacturing facilities, highlighting six core initiatives intended to foster sustainability and employee empowerment, such as Problem-Solving Culture and Waste Walks.
- The La-Z-Boy Foundation donated over
$1.4 million and, as the official furniture partner for the Ronald McDonald House Charities®, La-Z-Boy Incorporated gifted over 16,000 pieces globally.
- Preserved, restored, and rewilded the 120-acre plot surrounding the company’s World Headquarters in Monroe, Michigan, contributing to the health and enjoyment of employees and area wildlife. Additionally, the planting of a community garden led to 283 pounds of produce harvested as part of an investment in biodiversity.
The report is grounded in Century Vision, the company’s long-term business strategy that aims to elevate brand reach, strengthen enterprise capabilities, and drive profitable, sustainable growth in the lead-up to its 100th anniversary in 2027. Through this strategy, La-Z-Boy Incorporated is focused on creating a more agile, efficient, and people-centered business to ensure the company not only adapts to an evolving market but also leads the way in delivering meaningful, lasting impact for its shareholders, customers, employees, and communities.
“Our 2024 Impact Report highlights the measurable progress we’ve made across key areas — reducing emissions, increasing resource efficiency, and strengthening our supply chain,” said Tim McCurry, Vice President of Environmental Health & Safety, Facilities, & Sustainability at La-Z-Boy Incorporated. “We are mindful of the ways our manufacturing operations, product sourcing, and other business practices impact our environment and our industry, and every step we take brings us closer to a more sustainable future.”
Explore the highlights, visuals, and inspiring stories that demonstrate how La-Z-Boy Incorporated is transforming for tomorrow. Read the full report at https://www.la-z-boy.com/News/Sustainability/2024/.
Media Contacts:
Cara Klaer, Corporate Communications: (734) 598-0652; Cara.Klaer@la-z-boy.com
Mark Becks, Investor Relations: (734) 457-9538; Mark.Becks@la-z-boy.com
About La-Z-Boy Incorporated
La-Z-Boy Incorporated brings the transformational power of comfort to people, homes, and communities around the world - a mission that began when its founders invented the iconic recliner in 1927. Today, the company operates as a vertically integrated furniture retailer and manufacturer, committed to uncompromising quality and compassion for its consumers.
The Retail segment consists of 193 company-owned La-Z-Boy Furniture Galleries® stores and is part of a broader network of over 350 La-Z-Boy Furniture Galleries® that, with La-Z-Boy.com, serve customers nationwide. Joybird®, an e-commerce retailer and manufacturer of modern upholstered furniture, has 12 stores in the U.S. In the Wholesale segment, La-Z-Boy manufactures comfortable, custom furniture for its Furniture Galleries® and a variety of retail channels, England Furniture Co. offers custom upholstered furniture, and casegoods brands Kincaid®, American Drew®, and Hammary® provide pieces that make every room feel like home. To learn more, please visit: https://www.la-z-boy.com.
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