Lululemon Athletica inc. released its first Impact Agenda detailing the company’s “long-term strategy to become a more sustainable and equitable business, minimize its environmental impact and accelerate positive change internally and externally.”
The company’s Impact Agenda outlines its multi-year strategies to address social and environmental issues with 12 goals to drive progress. These include targeting areas ranging from diversity and inclusion to mental wellbeing to climate change, with specific commitments to invest U.S. $75 million into equitable wellbeing programs globally by 2025, expand gender pay equity to full pay equity for its employees, and make 100 percent of its products with sustainable materials and end-of-use solutions by 2030.
“Lululemon has a unique opportunity, responsibility and platform to drive meaningful change. We share our Impact strategy against the backdrop of the COVID-19 pandemic, a global climate crisis, and systemic inequities in our society,” said Calvin McDonald, Chief Executive Officer. “As a global brand, industry, and as individuals, we must play a part to change the world for the better.”
McDonald continued, “Our Impact Agenda is more than a set of commitments. It’s a holistic approach that reflects who we are, guided by our purpose to elevate the world by realizing the full potential within every one of us. I am grateful to everyone who has dedicated their knowledge and experience to help us define our approach.”
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