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From Home Furnishing Business
La-Z-Boy Releases ESG Report
August 1,
2022 by Laurie Northington in Business Strategy, Industry 
La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, has published its inaugural Environmental, Social and Governance (ESG) report.
The report shares how La-Z-Boy Incorporated’s continued investments into sustainable products, a healthy planet, and a values-based culture is driving results for customers, consumers, employees, shareholders, and the world at large.
“For nearly 100 years, La-Z-Boy Incorporated has delivered quality and comfort to families around the world,” said Melinda Whittington, president and CEO. “As we build the La-Z-Boy of tomorrow, our goal is to make the world a better place through the transformational power of comfort. This means we embrace curiosity for sustainable design, operate with compassion for a sustainable planet, and empower courage for a sustainable culture, leveraging our core values.”
Deliver Sustainable Comfort is the philosophy embedded into La-Z-Boy Incorporated’s ESG initiatives. In 2021, La-Z-Boy Incorporated made notable progress across three key pillars: Sustainable Design, Sustainable Planet, and Sustainable Culture. Highlights include:
Sustainable Design
- Received a High Score on the Wood Furniture Scorecard, an initiative of the National Wildlife Federation and Sustainable Furnishings Council to show the progress of sustainability initiatives by furniture companies.
- Established the Supplier Inclusion Program, which seeks to ensure inclusion is a component of every product La-Z-Boy Incorporated makes.
Sustainable Planet
- Joined the Science Based Targets initiative (SBTi) to reach net-zero emissions by 2050.
- Executed a Virtual Power Purchase Agreement to help La-Z-Boy Incorporated address the carbon footprint of more than 90% of its current total annual U.S. energy consumption.
Sustainable Culture
- Signed the CEO Action for Diversity & Inclusion pledge which outlines specific actions to cultivate a diverse, inclusive and trusting environment.
- Granted more than $2.7 million to non-profit organizations through cash and in-kind donations from La-Z-Boy Incorporated and the La-Z-Boy Foundation.