SOURCE: Ralph Lauren CorporationDESCRIPTION:
September 28, 2021 /3BL Media/ - Global Fashion Agenda, the leading non-profit for industry collaboration on sustainability in fashion, announced today that Ralph Lauren Corporation (NYSE:RL), the global, iconic leader in premium lifestyle products, will join its group of Strategic Partners. Ralph Lauren enters Global Fashion Agenda’s new strategic partnership with the aim to help lead the fashion industry’s journey toward a more sustainable future through bold action on sustainability and will play an active role in developing Global Fashion Agenda’s thought leadership platform – including the Fashion CEO Agenda. Global Fashion Agenda’s circle of hand-picked industry leaders also includes: ASOS, BESTSELLER, H&M Group, Kering, Fung Group, Nike, PVH Corp., Sustainable Apparel Coalition, and Target.
For more than 50 years, the notion of timelessness has defined the Ralph Lauren business and brand — this reverence for things that last extends to its culture, communities and the wider world. Throughout its history, Ralph Lauren has prioritised sustainability in fashion, most recent innovative steps include developing Color on Demand, a revolutionary platform that aims to transform how the fashion industry dyes cotton, introducing a circularity strategy and increasing transparency across social and environmental impacts. Most recently, the Company announced the integration of key ESG metrics into its executive remuneration and its ambitious goal to achieve net zero global greenhouse gas (GHG) emissions from its operations and its value chain by 2040.
Federica Marchionni, CEO, Global Fashion Agenda, said: “Ralph Lauren Corporation is devoted to improving its sustainability performance and advancing progress in the industry as a whole. It is a legendary brand known across the globe for its timeless style, and so it has the power to inspire and influence industry change at scale. I am thrilled to welcome it to our Strategic Partner group, which represents the diverse segments of the fashion industry – spanning luxury, lifestyle, e-commerce, high-street and supply chain management. Through this partnership, I am confident that we can create even more impact in our pursuit of a prosperous industry for both planet and people.”
Patrice Louvet, President & CEO, Ralph Lauren Corporation, said: “At Ralph Lauren, we understand that creating a more sustainable and equitable world requires collective action and deep collaboration. As we focus on identifying breakthrough solutions that have the potential to be scaled across our industry, we look forward to working together with the Global Fashion Agenda and its partners to drive meaningful change.”
The partnership is effective from 1 October 2021. Find out more about Global Fashion Agenda’s partners and initiatives. Read more about Design the Change in Ralph Lauren’s fiscal year 2021 Global Citizenship and Sustainability Report here.
Patrice Louvet, President & CEO, Ralph Lauren Corporation, will present a keynote speech at CFS+ - the digital edition of Copenhagen Fashion Summit – taking place on 7-8 October 2021. Find out more here.
Tweet me: .@GFAgenda announced today that @RalphLauren will join its group of Strategic Partners. This new strategic partnership will help lead the fashion industry’s journey toward a more sustainable future through bold action. https://bit.ly/3EWKGwY
KEYWORDS: NYSE:RL, Ralph Lauren Corporation, Global Fashion Agenda, Fashion CEO Agenda, esg, sustainability, Net Zero, global greenhouse gas (GHG)