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WILLIAMS-SONOMA, INC. RELEASES 2022 ANNUAL IMPACT REPORT
Rhea-AI Impact
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Rhea-AI Sentiment
(Very Positive)
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Rhea-AI Summary
Williams-Sonoma, Inc. (NYSE: WSM) announced its 2022 Impact Report, detailing progress towards industry-leading sustainability and social impact goals. The report highlights achievements in emissions reduction, renewable energy investment, Fair Trade Premiums, and Nest Certified Ethically Handcrafted products. The company remains committed to sustainability, equity, and worker wellbeing as key business differentiators.
Positive
Significant progress towards Science-Based Target goals
24% reduction in operational emissions
First long-term investment in renewable energy through a power purchase agreement (PPA) in Texas
More than halfway to the 2025 goal to pay an additional $10M in Fair Trade Premiums
Nearly halfway to the $50M investment in Nest Certified Ethically Handcrafted products
Recognition in various sustainability and gender equality indices and rankings
Negative
None.
Report Highlights Company’s Progress on Industry-Leading Sustainability and Social Impact Goals
SAN FRANCISCO--(BUSINESS WIRE)--
Williams-Sonoma, Inc. (NYSE: WSM), the world’s largest digital-first, design-led and sustainable home retailer, announced today that the company has published its 2022 Impact Report highlighting progress towards industry-leading sustainability and social impact goals. This year’s Impact Report showcases Williams-Sonoma, Inc.’s commitment to sustainability, equity, and worker wellbeing as key differentiators for the company’s business.
Williams-Sonoma, Inc. 2022 Impact Report (Graphic: Williams Sonoma)
The 2022 Impact Report details Williams-Sonoma, Inc.’s achievement in emissions reduction across both its operations and value chain, making significant progress towards the company's Science-Based Target goals. Williams-Sonoma, Inc. reduced its operational emissions by 24%, and executed its first long-term investment in renewable energy through a power purchase agreement (PPA) in Texas, supplying 100% wind energy to retail stores and distribution centers in the area. Initiatives to achieve the reduction across the value chain included new vendor engagement and preferred materials strategies to reduce Scope 3 emissions.
Additional highlights from the 2022 Impact Report include that Williams-Sonoma, Inc. is more than halfway to the 2025 goal to pay an additional $10M in Fair Trade Premiums and nearly halfway to the $50M investment in Nest Certified Ethically Handcrafted products. The investments in these programs impact the lives of tens of thousands of individuals globally.
“Our company continues to innovate with purpose resulting in impactful progress towards our industry-leading environmental and sustainability goals,” said Laura Alber, President and CEO of Williams-Sonoma, Inc. “We are proud of the milestones we have achieved and remain committed to action and continuous improvement on this journey.”
In 2022, Williams-Sonoma, Inc. was also recognized for the following awards and accolades:
Barron’s 100 Most Sustainable US Companies
Bloomberg Gender Equality Index
Great Place to Work Certified Company
CDP North America Supplier Engagement Rating Leaderboard
America’s Most Trustworthy Companies
Dow Jones Sustainability North America Index
Forbes Best Employers for Women
Forbes Best Employers for Diversity
Sustainable Furnishings Council, Wood Furniture Top Scorer
Williams-Sonoma, Inc. is the world’s largest digital-first, design-led and sustainable home retailer. The company’s products, representing distinct merchandise strategies — Williams Sonoma, Pottery Barn, Pottery Barn Kids, Pottery Barn Teen, West Elm, Williams Sonoma Home, Rejuvenation, Mark and Graham, and GreenRow — are marketed through e-commerce websites, direct-mail catalogs and retail stores. These brands are also part of The Key Rewards, our loyalty and credit card program that offers members exclusive benefits across the Williams-Sonoma family of brands. We operate in the U.S., Puerto Rico, Canada, Australia and the United Kingdom, offer international shipping to customers worldwide, and have unaffiliated franchisees that operate stores in the Middle East, the Philippines, Mexico, South Korea and India, as well as e-commerce websites in certain locations. We are also proud to be a leader in our industry with our Environmental, Social and Governance (“ESG”) efforts. Our company is Good By Design — we’ve deeply ingrained sustainability into our business. From our factories to your home, we’re united in a shared purpose to care for our people and our planet.
What are the key highlights of Williams-Sonoma, Inc.'s 2022 Impact Report?
The report highlights achievements in emissions reduction, renewable energy investment, Fair Trade Premiums, and Nest Certified Ethically Handcrafted products, showcasing the company's commitment to sustainability, equity, and worker wellbeing.
What are some achievements detailed in the 2022 Impact Report?
The report details a 24% reduction in operational emissions, the first long-term investment in renewable energy through a power purchase agreement in Texas, progress towards Fair Trade Premiums and Nest Certified Ethically Handcrafted products.
What recognitions did Williams-Sonoma, Inc. receive in 2022?
The company was recognized in Barron’s 100 Most Sustainable US Companies, Bloomberg Gender Equality Index, and other sustainability and gender equality rankings.
Where can I read more about Williams-Sonoma, Inc.'s commitments and progress?
You can view the Annual Impact Report at http://sustainability.williams-sonomainc.com/
