WILLIAMS-SONOMA, INC. RELEASES ITS ANNUAL IMPACT REPORT AND ANNOUNCES NEW SUSTAINABILITY GOALS
06 July 2021 - 11:00PM
Business Wire
In Addition to Carbon Neutrality by 2025, WSI
Commits to 75% of Products to Represent One or More of the
Company’s Social and Environmental Initiatives By 2030
Williams-Sonoma, Inc. (NYSE: WSM) the world’s largest
digital-first, design-led and sustainable home retailer, today
released the company’s Annual Impact Report and announced several
new ambitious goals to further differentiate WSI as the industry
leader of sustainable home furnishings.
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the full release here:
https://www.businesswire.com/news/home/20210706005253/en/
Williams-Sonoma, Inc. Impact Report 2020
(Graphic: Business Wire)
The Annual Impact Report shares the company’s progress and
achievements across its three sustainability pillars: People,
Planet, and Purpose. The 2020 report also highlights a new goal of
having 75% of all WSI products represent one or more of the
company’s social and environmental initiatives by 2030, up from 40%
as of today. This commitment represents over $1B in product
purchases a year.
The scorecard also showcases the company’s progress towards
previously-announced goals – several of which have been met or
exceeded including:
- PLANET GOAL: 50% of assortment to be made using responsibly
sourced wood by 2021
- Progress: Goal was met and exceeded a year early with currently
65% of WSI’s assortment being made of responsibly sourced wood
- PLANET GOAL: Pottery Barn will plant 3 million trees by 2023
- Progress: On track with goal having planted more than 650,000
trees within first year of announcing goal and 1 million trees to
date
- PEOPLE GOAL: Educate & empower 100K workers within the WSI
supply chain by 2020
- PEOPLE GOAL: Pay $3M in Fair Trade Premiums by 2020
- Progress: WSI doubled the company’s goal in 2020, paying $7.2M
in Fair Trade Premiums and became the first Fair Trade Certified
home retailer
- PURPOSE GOAL: Exceed 2019 WSI corporate giving donations
- Progress: WSI doubled annual giving numbers – donating nearly
$45M in corporate, customer & associate donations to various
causes
Earlier this year, WSI announced the setting of a Science-Based
Target (SBT) for emissions reduction across its value chain by
2030, including the goal of carbon neutrality in the company’s own
operations by 2025. Williams-Sonoma, Inc. is one of the first in
its industry to work with the Science-Based Targets initiative to
reduce its emissions in line with climate science. Aligned with the
Paris Climate Agreement, the company has set a SBT that will help
keep global warming below 2 degrees Celsius to avoid the worst
effect of the climate crisis while establishing a pathway to
net-zero emissions.
“Williams-Sonoma, Inc.’s decades-long foundation in values
leadership and commitment to creating a company that is ‘Good By
Design’ set a foundation for the resilience and agility that this
past year required,” said Laura Alber, President and CEO of
Williams-Sonoma, Inc. “Our company outperformed the industry in
2020, and we met and exceeded many of our sustainability goals,
demonstrating that a strategic approach to ESG can deliver
business, social, and environmental impact.”
For more information on the company’s carbon reduction
commitments, please view the Science-Based Target Summary.
Williams-Sonoma will continue to share its progress in its Annual
Impact Report its sustainability website, and other public
disclosures.
ABOUT WILLIAMS-SONOMA, INC.
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, and Mark and Graham — are
marketed through e-commerce websites, direct-mail catalogs and
retail stores. These brands are also part of The Key Rewards, our
free-to-join loyalty 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 lead
the industry with our Environmental, Social and Governance (“ESG”)
efforts. Our company is Good By Design — we’ve deeply engrained
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.
For more information on our ESG efforts, please visit:
https://sustainability.williams-sonomainc.com/.
WSM-PR
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version on businesswire.com: https://www.businesswire.com/news/home/20210706005253/en/
Kendall Coleman Williams Sonoma kacoleman@wsgc.com
415-616-7926
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